vEDC

How to get the vEDC

EE Director NFT holders can obtain voting rights (vEDC) by staking NFTs. In terms of overall governance, vEDC refers to the right to vote to participate in the operation of the EEDAO protocol and has the following unique rights within governance.

• The authority to vote on the governance agenda.

• Determining the distribution of EDC mining in each party room.

• Rewards from contribution to governance

• Earnings from EE service.

Process

• Staking 1 director NFT gets 1 vEDC and staking cannot be canceled until the end of the contract period. (ex. 10 days, 1 month, 3 months, 6 months, 9 months, 12 months)

• After the end of the staking period, holders can unlock the staked NFT and return to their wallets. If the staked NFT is once unlocked, vEDC of that holder will be automatically burned.

• If a holder does not unlock the staking even after the contract period, the holder can own the same vote authority without any further contract.

• Director can freely unlock the staking after the contract period.

• vEDC is not burned while voting. If multiple agendas are in progress at the same time, directors can vote as much as the vEDC they have on each agenda.

• vEDC is EE’s unique voting authority and cannot be distributed or sold to the external market.