# Update/Vote: A $SOFT Token **URL:** \ **Category:** Governance\ **Tags:** update\ **Created:** [October 7, 2022, 7:19pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427 "2022-10-07T19:19:00Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Stupoorcycle](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/stupoorcycle/32/100_2.png) [@Stupoorcycle](https://forum.thesoftdao.com/u/Stupoorcycle)\ **Post date:** [October 7, 2022, 7:19pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/1 "2022-10-07T19:19:00Z")
![softdaotokens](https://canada1.discourse-cdn.com/flex032/uploads/softdao/original/1X/eca65fadb3e237ebecdce58957471e9a364da7dc.png) # Soft DAO Governance Token The SOFT DAO is currently governed by a Gnosis Safe multisig. We think it would be in the DAO’s best interest to adopt the use of a token which will provide better tooling for governance. ## The Token Name: SoftDAO Symbol: SOFT Total supply: 1B Features - ERC20 - ERC20Votes - ERC20Permit The token is deployed and verified here: [Soft: SOFT Token | Address: 0xfe3b1388...24e257a2e | Etherscan](https://etherscan.io/address/0xfe3b138879d6d0555be4132dcfe6e7424e257a2e) Note that all tokens have already been transferred to the DAO here: [Ethereum Transaction Hash: 0xb9fd9ded58... | Etherscan](https://etherscan.io/tx/0xb9fd9ded58e2f01b179910d2b0fdb4c293bbfdfb8674905cc5654a1c7f038adf) ## Governance The SOFT DAO can elect to adopt this token by voting with its [Safe{Wallet}](https://gnosis-safe.io/app/eth:0x1CEf6D913E406375FB9bdE29a11c3244A4741aE5/transactions/queue), or reject it by sending all tokens to the zero address. ## Future Work In order to use a token like this for governance, the DAO should consider these steps: - Adopt an on-chain governor like: [Introducing OpenZeppelin Governor - OpenZeppelin blog](https://blog.openzeppelin.com/governor-smart-contract/) - Distribute the token more broadly - Reduce governance risks from a freely transferrable token, e.g. with - soulbound voting rights - lockup periods during which token holders may vote but not transfer their tokens ---
**Author:** ![KomaRick](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/komarick/32/3655_2.png) [@KomaRick](https://forum.thesoftdao.com/u/KomaRick)\ **Post date:** [October 7, 2022, 7:46pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/2 "2022-10-07T19:46:46Z")
![imgonline-com-ua-Resize-ghDtJfvye2S](https://canada1.discourse-cdn.com/flex032/uploads/softdao/original/1X/85cfb20cc7ff407e7170a0fa658195fb89e3a369.png) ---
**Author:** ![yoza](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/yoza/32/406_2.png) [@yoza](https://forum.thesoftdao.com/u/yoza)\ **Post date:** [October 7, 2022, 7:49pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/3 "2022-10-07T19:49:24Z")
![imgonline-com-ua-Resize-ghDtJfvye2S](https://canada1.discourse-cdn.com/flex032/uploads/softdao/original/1X/85cfb20cc7ff407e7170a0fa658195fb89e3a369.png) ---
**Author:** ![Krendelyok](https://avatars.discourse-cdn.com/v4/letter/k/91b2a8/32.png) [@Krendelyok](https://forum.thesoftdao.com/u/Krendelyok)\ **Post date:** [October 7, 2022, 7:49pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/4 "2022-10-07T19:49:55Z")
Nice proposal, ser! Keep it up, I’m impatiently waiting to start my work here ---
**Author:** ![DRAMA](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/drama/32/271_2.png) [@DRAMA](https://forum.thesoftdao.com/u/DRAMA)\ **Post date:** [October 7, 2022, 7:52pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/5 "2022-10-07T19:52:31Z")
> [@Stupoorcycle](#): > > Governance Governance is one of the most important part of DAO for a participant. Glad to be a part of a history! ---
**Author:** ![DMITRY](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/dmitry/32/117_2.png) [@DMITRY](https://forum.thesoftdao.com/u/DMITRY)\ **Post date:** [October 7, 2022, 7:56pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/6 "2022-10-07T19:56:41Z")
Great! Let’s just do it! ---
**Author:** ![NikolayS](https://avatars.discourse-cdn.com/v4/letter/n/45deac/32.png) [@NikolayS](https://forum.thesoftdao.com/u/NikolayS)\ **Post date:** [October 7, 2022, 7:57pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/7 "2022-10-07T19:57:25Z")
![imgonline-com-ua-Resize-ghDtJfvye2S](https://canada1.discourse-cdn.com/flex032/uploads/softdao/original/1X/85cfb20cc7ff407e7170a0fa658195fb89e3a369.png) ---
**Author:** ![memeka](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/memeka/32/257_2.png) [@memeka](https://forum.thesoftdao.com/u/memeka)\ **Post date:** [October 7, 2022, 8:15pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/8 "2022-10-07T20:15:10Z")
@Stupoorcycle Hi 👋 will the token be audited? ---
**Author:** ![Stupoorcycle](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/stupoorcycle/32/100_2.png) [@Stupoorcycle](https://forum.thesoftdao.com/u/Stupoorcycle)\ **Post date:** [October 7, 2022, 8:17pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/9 "2022-10-07T20:17:51Z")
The token itself is just a basic ERC20 token contract and won’t require an audit. Any additional smart contract work (sale or deployment) surrounding the SoftDAO token will be audited wherever deemed appropriate/necessary, Yes. ---
**Author:** ![memeka](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/memeka/32/257_2.png) [@memeka](https://forum.thesoftdao.com/u/memeka)\ **Post date:** [October 7, 2022, 8:21pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/10 "2022-10-07T20:21:10Z")
@Stupoorcycle Will there be an ama session? 🤷🏻‍♂️😁 ---
**Author:** ![Conqueror](https://avatars.discourse-cdn.com/v4/letter/c/ba8739/32.png) [@Conqueror](https://forum.thesoftdao.com/u/Conqueror)\ **Post date:** [October 7, 2022, 8:30pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/11 "2022-10-07T20:30:57Z")
Absolutely we need this. Lets do! ---
**Author:** ![Eshwar](https://avatars.discourse-cdn.com/v4/letter/e/d2c977/32.png) [@Eshwar](https://forum.thesoftdao.com/u/Eshwar)\ **Post date:** [October 7, 2022, 8:42pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/12 "2022-10-07T20:42:58Z")
Looking forward to it ---
**Author:** ![scott](https://avatars.discourse-cdn.com/v4/letter/s/3e96dc/32.png) [@scott](https://forum.thesoftdao.com/u/scott)\ **Post date:** [October 7, 2022, 8:53pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/13 "2022-10-07T20:53:58Z")
cool. will the criteria for airdop (if any) also be discussed? ---
**Author:** ![getter34](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/getter34/32/260_2.png) [@getter34](https://forum.thesoftdao.com/u/getter34)\ **Post date:** [October 7, 2022, 9:00pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/14 "2022-10-07T21:00:01Z")
![imgonline-com-ua-Resize-ghDtJfvye2S](https://canada1.discourse-cdn.com/flex032/uploads/softdao/original/1X/85cfb20cc7ff407e7170a0fa658195fb89e3a369.png) ---
**Author:** ![Vision24](https://avatars.discourse-cdn.com/v4/letter/v/7ea924/32.png) [@Vision24](https://forum.thesoftdao.com/u/Vision24)\ **Post date:** [October 7, 2022, 9:09pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/15 "2022-10-07T21:09:25Z")
I completely concur with the governance token model but it would have been good if it can be bridge to other low gas fees sidechains like Arbitrum, Optimism for easy transaction. Meanwhile the governance voting power should come with a locking period and if possible a Rev shares for token holders. Also let it have a burning mechanism to reduce supply in other to increase token value. ---
**Author:** ![Denizzz](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/denizzz/32/302_2.png) [@Denizzz](https://forum.thesoftdao.com/u/Denizzz)\ **Post date:** [October 7, 2022, 9:13pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/16 "2022-10-07T21:13:01Z")
It’s a good news! It’s cool - the project run smoothly;) ---
**Author:** ![ApeinShape](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/apeinshape/32/183_2.png) [@ApeinShape](https://forum.thesoftdao.com/u/ApeinShape)\ **Post date:** [October 7, 2022, 9:17pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/17 "2022-10-07T21:17:56Z")
birth certificate (: ---
**Author:** ![Stupoorcycle](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/stupoorcycle/32/100_2.png) [@Stupoorcycle](https://forum.thesoftdao.com/u/Stupoorcycle)\ **Post date:** [October 7, 2022, 9:20pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/18 "2022-10-07T21:20:04Z")
We’re planning a few, absolutely 👍 ---
**Author:** ![Stupoorcycle](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/stupoorcycle/32/100_2.png) [@Stupoorcycle](https://forum.thesoftdao.com/u/Stupoorcycle)\ **Post date:** [October 7, 2022, 9:21pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/19 "2022-10-07T21:21:28Z")
Also just published, will be submitting Proposal for adoption next week: [Genesis Governance. Fix DAO governance by prioritizing… | by Chris Walker | Oct, 2022 | Tokensoft](https://blog.tokensoft.io/genesis-governance-f9c2d8b2dbb9) ---
**Author:** ![memeka](https://yyz2.discourse-cdn.com/flex032/user_avatar/forum.thesoftdao.com/memeka/32/257_2.png) [@memeka](https://forum.thesoftdao.com/u/memeka)\ **Post date:** [October 7, 2022, 9:22pm UTC](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427/20 "2022-10-07T21:22:10Z")
Great, I didn’t even think it was planned 🤷🏻‍♂️ [Next page](https://forum.thesoftdao.com/t/update-vote-a-soft-token/1427.md?page=2)