The ZEOS community has introduced and successfully launched ZEOS Fractal App, a new implementation of fractal democracy based on early experimentations conducted by The EdenOnEOS, the Fractally and the AWF communities. The Fractal app enables communities running on Antelope chains to start fractals. A fractal is a type of DAO with fractal democracy at the core of his governance system.
The newly launch Fractal App has 3 main features:
- The Induction system, where member can submit application and get approve.
- The Election system, where member can share their contributions and get ranked.
- The Reward system, where any participants can claim their rewards.
The Fractal App can be in 3 states:
- Idle State (6 days 23h) : During this time, Membership application can be submitted and Approved
- Registration State (15 min) : During this time, Members can register for the upcoming election.
- Election State (40 min): During this time, Members can submit election results.
ZEOS fractal uses REZPECT token to reward all participants that reach consensus during the election state. It’s non-transferable governance token which the Primary use case is to determine who gets assigned into the permission system of the ZEOS contracts. REZPECT are distributed using the Fibonacci sequence.
The purpose of the ZEOS fractal is to decentralize the ownership of ZEOS smart contracts, provide a governance structure that will support the ZEOS ecosystem, Foster collaboration & build a strong community. With the new implementation, the ZEOS fractal community in making fractals pseudonymous.
ZEOS is a protocol for private and untraceable transactions on the EOS blockchain. It’s enables private deposits and withdrawals to any smart contract on the EOS. Giving ZEOS users the ability to participate in DeFi. Unlike other privacy coin like Zcash or Monero, ZEOS does not have his own chain.
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