# XeniCoin DAO

Token-gated membership: DAO members must hold a minimum threshold of XeniCoin to be defined. \
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Governance: specific areas of governance will fall under the DAO immediately. The governance will be conducted through a series of proposals that members of the DAO will vote on. \
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The XeniCoin DAO, based on current plans, will maintain control of the Defi protocol(s) (such as choosing interest rate and LTV), as well as select other areas of governance, which include:\\

* Voting rights on supplier and service provider mergers & acquisitions
* Voting rights on inventory additions to the Xeni platform
* Voting rights on supported coins
* Voting rights on exclusive discounts, special offers, and sweepstakes for token holders (for example, DAO could offer access to a week at a luxury villa to token holders on a sweepstakes basis)

Over time, governance will transition to complete community and stakeholder control. Currently, the following rights are controlled by the admin:

* Capital allocation decisions of DAO treasury (including buy and burn decision)\
  Incentives allocated through stable coin
