Decentralized Autonomous Organization Structure

• The governance structure of the metaverse DAO, which consists of three layers: the core AIS Project Contributors, the council, and the community. The core AIS Project Contributors is responsible for developing and maintaining the Metaverse platform and its features. The council is a group of elected representatives from node operators who oversee the strategic direction and budget allocation of the metaverse DAO. The community is composed of all node operators and users who hold AIS tokens and can participate in the governance process through proposals and voting.

• The governance process of the metaverse DAO, involves four steps: proposal submission, proposal review, proposal voting, and proposal execution. Proposal submission is the process of creating and submitting a proposal for a new rule or changes to an existing rule that affects the metaverse DAO. Proposal review is the process of evaluating and approving or rejecting a proposal by the council based on its feasibility, impact, and alignment with the vision and mission of the metaverse DAO. Proposal voting is the process of casting votes for or against a proposal by the community based on their stake in AIS tokens. Proposal execution is the process of implementing or discarding a proposal based on its voting outcome.

• The governance parameters of the metaverse DAO, which define the rules and conditions for each step of the governance process. The governance parameters include the minimum stake of AIS tokens required to submit a proposal, the minimum number of council members required to review a proposal, the minimum quorum and majority required for a proposal to pass or fail, the voting period and weight for each proposal, and the grace period and penalty for each proposal execution.

• The governance challenges and opportunities of the metaverse DAO, which address some of the potential issues and benefits of running a DAO in a metaverse context. Some of the challenges include: ensuring security, scalability, and interoperability of the blockchain platform and smart contracts, managing conflicts and disputes among node operators and users, balancing innovation and stability of the metaverse features and services, and complying with legal and ethical standards across different jurisdictions and cultures. Some of the opportunities include: leveraging AI NPCs to provide guidance, feedback, and support to node operators and users, enhancing user engagement and retention through gamification and personalization of the metaverse experience, fostering social interaction and collaboration among node operators and users across different domains and interests, and creating value and impact for node operators and users through economic incentives and social rewards.

AIS would allow holders to propose and vote on governance proposals to determine future features, upgrades and/or parameters of the AI.Society platform, or provide feedback, with voting weight calculated in proportion to the tokens staked. The right to vote is restricted solely to voting on features of the AI.Society platform; it does not entitle AIS holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors or similar bodies of these entities, or determine the development direction of these entities, nor does AIS constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership.

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