Governance

Reputation Soul Bound Tokens

Reputation Soul Bound Tokens (RSBTs) are like shiny badges of honor in the BYOVerse, reflecting a community member's dedication to making the BYOVerse a livelier and more engaging place. They can be obtained through:

• Staking or donating refinedTRYP

• Purchases made directly from BYOStudios' sales (cosmetics, tournament entry fees, etc.)

• Participation in in-game activities

• Other activities (TBD)

RSBTs grant two main advantages: voting power in the BYOCouncil Committees, and TRYP rewards from the Reputation Rewards Pool.

BYOCouncil

Governance is handled by the BYOCouncil. We believe that governance should not be accessible through TRYP holding/staking only, because players with low/no financial power would struggle to access governance. Therefore, governance rights are assigned through the ownership of Reputation Soul Bound Tokens, rewarding dedicated players and investors in as fair a way as possible.

To represent this variety of access to governance, the BYOCouncil is divided in gamified sections called BYOCommittees with different responsibilities, including decision making regarding the use of TRYP in the Treasury:

• BYO Defense Force handles open-world PvE, including infrastructure such as roads, towns and outposts, but also open-world PvE Anomalies (such as Monster Tides)

• BYO Arbitrator handles all things PvP, from Warzones to Tournaments to bounty hunting

• BYO Scientific Bureau is responsible for the management of crafting activities but also instanced PvE Anomalies called Dungeons, where rare NFTs can be discovered

• BYO Treasury is in charge of collecting TRYP from the various in-game flows and deciding on its allocation towards other committees, but also towards Reputation Rewards and BYOLands regeneration

Each committee has to deal with limited resources, and will inevitably face difficult choices as the threats to the BYOVerse will arise.

The voting power will follow the quadratic voting system, and will also be weighted towards the different BYOCommittees by the origin of the earned RSBTs

• RSBTs earned in open-world PvE grant more voting power in the BYODefense Force

• RSBTs earned during PvP activities grant more voting power in the BYO Arbitrator

• RSBTs earned in instanced PvE and crafting grant more voting power in the BYO Scientific Bureau

• RSBTs earned by staking/donating grant more voting power in the TRYP Treasury

Please remember to take all of the above with a grain of salt. More details will be released within the BYOVerse Economic Paper.