Traditional DAOs:

• Governs mostly investments and monetary value
• Intrinsic value of governance is corrupted by short term price movements and speculations
• Decentralized method of community power/delegation of direction
• Runs on an ERC20 which ends up as a gambling mechanism and not governance. Which then can be pumped and dumped.
• Requires monetary value to be staked/spent in order to get votes
• Provides some potential income/profit for participating
  

NFT Driven DAO’s

• No ERC20, only NFTs
• Voting power is earned directly via participation and engagement in the platform
• Governance of future direction and features of the ØxPoints platform
• Cannot be pumped and dumped as it is non-fungible, as compared to fungible ERC20 tokens
• Each person has their own unique NFT that can be traded or purchased
• Ability to add yield farming/staking into the voting NFTs if voted upon
• Ability to add revenue earning possibilities from our smart contracts if voted upon
  

Advantages of NFT Based DAO’s

• No more pump and dump. Since NFTs are not like ERC20s — even if someone has 50% of all the voting power — it's still just a small amount of NFT - never a red wick that crashes the price 50%.
• Governance tokens are supposed to be for governance and not speculation. It’s a lot easier for that to happen by using NFTs
• Voting power is tangible, like a badge you can see/wear
• Selling votes or your voting NFT is more peer-to-peer interaction than doing a swap on uniswap
• Provides a healthier ecosystem for ØxPoints and for proposals
• Governance is safer — whales cannot do a flash loan just to sway a vote in one direction

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While most platforms with an ERC20 governance token don't have a live DAO contract and are doing quasi-voting without any smart contract, ØxPoints have an actual DAO smart contract. Not all decentralized applications (dAPPs) need an ERC20 governance token. Let alone an NFT platform. It’s just a lazy effort to introduce decentralised governance. ØxPoints is different. There is no way to divorce speculation from true governance with ERC20 tokens.
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The ØxPoints DAO is owned and governed by the community from the outset with all participants starting on equal footing. Every vote is either earned from interacting on the platform, giving governance rights to the hands of active ØxPoints users. Another way of obtaining votes during launch will be directly buying the votes from the embedded payment widget. This will allow early adopters to start accumulating votes early and vote/propose on adding new features immediately after launch.

Every time any transaction occurs on the ØxPoints platform the gamer or buyer/seller both get points added to their account. This encourages higher participation rate on the platform, which can be redeemed for various rewards or leveling up their membership to a higher tier. 
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The only way to acquire higher level memberships is to either actively participate in the gaming community, buy a membership during the initial sale period, buy one of the limited new memberships made available every month or buy one from an existing member.
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Through votes, our community has the power to propose future implementations such as the ability to add yield farming/staking into the voting NFTs or create revenue earning possibilities from our smart contracts. Being part of ØxPoint’s DAO opens up various benefits and opportunities for gamers.!

ØxPoints is not controlled by anyone , it runs autonomously . It allows people who hold DAO tokens to vote on different proposals with their tokens; this way every holder can have a say about what direction the company takes. It will also allow users to participate in the various membership-tier based rewards. 

Because there are no humans involved in governing ØxPoints, decisions such as dispute resolution, cheater bans and other community management elements are quick and easy to make. These decisions would take a typical board of directors lots of time, resources and legal trouble to accomplish.

Combining a membership organization structure where people can join and become members of ØxPoints is a game changer. Membership organizations are the most common type of organization and most people likely already belong to at least one. 

Membership organizations are groups that have individual members who pay dues or fees to the group in order to gain support for various causes. Membership organizations can include everything from formal clubs, churches, and political parties all the way up to large professional associations like the American Bar Association (ABA) or The American Medical Association (AMA).

Membership organizations can be categorized as follows: 

•  Voluntary - External 
•  Co-Ops
•  Non-governmental organizations (NGO) 
•  National non-profit organizations (NPO) 
•  Academic/professional associations or societies 
•  Labor unions 

Clubs & community DAOs are becoming more common among these types of organizations because there is less liability associated with DAO's than their traditional counterparts, who have to take into account business law and governance. DAOs do not necessarily follow traditional legal structures and can be more flexible in how they operate. 

DAOs usually allow their members to choose governance models like liquid democracy, futarchy or other governance models that are built on blockchains. DAOs also have the advantage of having no need for paid staff to run them as they are decentralized organizations governed by their members through blockchain technology.   

Digital scarcity is a concept that has been recently gaining traction in the cryptocurrency community. Digital scarcity refers to control over the abundance and existence of digital assets or resources. The idea behind it, put simply, is to somehow limit the number of digital tokens created by an algorithm at creation time itself.

The primary unit of value with ØxPoints ecosystem will be the various memberships that users will need to either buy or earn. These all grant various privileges and rewards based on the membership tier. 

At the heart of our concept is that the access and rewards are based on a limited number of NFT based memberships. The higher the tier, the less that are available,  increasing the value associated with those memberships. Lower tiers that start with a free membership will have more NFT based-memberships but will still  have monthly limits on how many new memberships will be created. This provides a balance between new users who sign up and work to increase their point stands with the potential to move up to higher levels and get better rewards. 

The term "corporate governance," in its simplest form, refers to the way a company or organization  is managed and directed. The main objective of governance is to ensure that organizations are managed in a fair and transparent manner. 

Traditional governance includes the relationships among the board of directors, top management and shareholders of a corporation. It specifies how people such as investors, suppliers, regulators and staff should relate with each other regarding financial decision making in a business organization. The goal of governance, therefore, is to promote trust between diverse stakeholders so that an organization can be managed wisely for long-term success.

With DAOs, the ownership, voting power and profit distribution is handled by the token holders. This means that each "holder" can control how his/her tokens are being used to vote on proposals via smart contracts.

In the case of ØxPoints, these proposals would automatically be called by preset rules encoded in smart contracts based off of Ethereum or compatible networks. For instance, certain decisions could be made every month depending on if the DAO has been profitable during that time period or not – this depends entirely on what kind of business model will be presented by future entrepreneurs within the organization.

The system works by having soft coded rules that are called automatically when the status of the organization, i.e. whether or not it makes money is checked for. It also follows a hierarchical system which gives every single DAO Token holder voting power, depending on how many tokens they hold within the DAO. Finally, there is no centralized management where decisions can be made without consulting anyone – every decision must be approved democratically!

We think it looks cool. But more than just looking great, Ø (or minuscule: ø) is a letter used in the Danish, Norwegian, Faroese, and Southern Sámi languages. It is mostly used as a representation of mid front rounded vowels, such as [ø] and [œ], except for Southern Sámi where it is used as an [oe] diphthong.

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The letter “ø” is pronounced like this: you pronounce a pure /e:/ sound while you simultaneously round your lips. Like a cross between “eeh”, “oh”, similar to the “u” in urchin, but more to the front of the mouth. You can find recorded examples if you google it. (Btw, the Swedish “ö” is the same sound.)