# Another amazing achievement and opportunity for Theca!

We are happy to announce that we are live on **Nomics**!
This demonstrates our increasing presence in the **crypto industry** and allows us to continue to meet our goals.

## What is Nomics?
The Nomics website provides real-time crypto market cap rankings, historical prices, charts, all-time highs, supply data & more for top cryptocurrencies

Find out more about **Theca project on Nomics**: [https://nomics.com/assets/theca-theca](https://nomics.com/assets/theca-theca)

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Theca is live on Nomics


## We are on CoinGecko!

This is an amazing achievement and opportunity for **Theca**, to be listed on one of the most popular crypto analysis websites! This demonstrates our increasing presence in the crypto industry and allows us to continue to meet our goals in order to ensure we are creating a token that represents the values of Theca project.

## So, what is CoinGecko?

**CoinGecko** is an essential website within the crypto community as it tracks prices, volumes, community growth and major events for each coin that is listed.
Being listed on CoinGecko means our project is strong and reliable.

## Upvote Theca now!

Theca is changing the literary industry. Be part of the change, upvote Theca!

You can **upvote** our listing using this [link](https://www.coingecko.com/en/coins/theca)


The official listing of Theca on CoinGecko

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Theca is Officially Listed on CoinGecko!

## Vote Theca and spread knowledge!

Theca has been **included** in the **Solana ecosystem**.

It means that the project is substantially proven as legitimate and reliable!

This is yet another station we have successfully docked, thanks to the community’s support and love.

👉 Make sure you **UPVOTE THECA** [here](https://solana.com/ecosystem/theca)

- Login with your twitter account
- UPVOTE THECA

**Let's spread knowledge!**

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Theca is a Solana's ecosystem project!

# Theca AirDrop Campaign is out!

Dear community,

We are thrilled to announce the **Theca AirDrop Campaign**!

— If you have any questions about the airdrop feel free to drop in our [Telegram Group](https://t.me/theca_org) and let us know.

## Summary

As part of our efforts to decentralize Theca and launch $THECA we will be airdropping about 10,000,000 $THECA tokens to new community members.

## When to participate?
This Airdrop will run from December 20th, 2021 until December 31st, 2021 11:59 PM.

## How to participate

### Step 1

Login introducing your **full name** and **email address** (your email address will be used exclusively for authentication, not for commercial purposes)

or 

Login with **Facebook** or **Twitter**

### Step 2

- **Join** [Telegram Channel](https://t.me/theca_org)
- **Follow** Theca Official [Twitter](https://twitter.com/Theca_org) 
- **Visit** [Theca Official Webpage](https://www.theca.org/)

Once you **complete the first 3 steps**, you will be able to unlock the next steps.

### Step 3 (Optional, but strongly recommended)

- **Like** [Facebook Page](https://www.facebook.com/theca.org) 
- **Follow** Theca [Official Instagram](https://www.instagram.com/theca_org) 
- **Subscribe** To [Youtube Channel](https://www.youtube.com/channel/UCeM-w0UJyHzVtCq25aFsXHw)
- **Join** Server [Discord](https://discord.com/invite/YfbVenPbvq)

### Step 4

Submit your SOLANA wallet address

**Please note**: in order to perform the AirDrop it is **essential** to have a **Solana address**, if you do not have one, choose one of the following wallets and get your solana wallet address: 

- [https://solflare.com/](https://solflare.com/)
- [https://phantom.app/](https://phantom.app/)
- [https://www.exodus.com/](https://www.exodus.com/)
- [https://trustwallet.com/](https://trustwallet.com/)
- [https://coin98.com/](https://coin98.com/)

Check out the [Solana Webpage](https://docs.solana.com/wallet-guide) to get more information about compatible wallets.

**– Don’t forget to submit your SOLANA wallet address**

## Lottery

We choose randomly from the players the winner of 100,000 $THECA.     
**Be the first one to own $THECA as the Airdrop reward!**

## Each user has the opportunity to earn more than 100.000 $THECA!

Once you logged in you will see the referral link you can share with your friends. The referrals who first invite as many people as possible will receive the following rewards.

- The top 3 referrals will receive 5,000 $THECA/player
- The top 10 referrals will receive 3,000 $THECA/player
- The top 20 referrals will receive 1,000 $THECA/player

**Good news**: all players will receive 5 $THECA just to join the campaign!
**Please note**: $THECA will be distributed starting from January 20th

## Who’s eligible?

Every Theca user that proceeds according to the instructions above.

If you have any questions or comments, feel free to drop in our [Telegram](https://t.me/theca_org) group or [Discord](https://discord.com/invite/YfbVenPbvq) and let us know!

👉[Get Started](https://sweepwidget.com/view/43885-am23udvs)👈

Find out all the information about Theca AirDrop Campaign!

About 10.000.000 THECA released at the Theca AirDrop Campaign!

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## Phase #1 done
According to the program, the first phase of our road map is complete!

Dear community,
We bid goodbye to 2021 in a rush of euphoria!

We are proud to announce that **Theca has successfully completed the first phase** towards the development of its ecosystem.
The fire of decentralization got us closer to our vision one step at a time.
So has been the case here at Theca.

Steps accomplished:

✅ August 2021
Idea and core team
The **idea** of spreading and protecting copyright paves the way for Theca, the first **blockchain library**. Theca core team is put up quickly and the structure of the project is defined.

✅ November 11th 2021
Theca token on Solana network
After months defining goals and elaborating technical market analyzes, the **THECA Token** is published on the Main net of Solana.

✅ December 15th 2021
Website and social network
It is time to make Theca known to the world, gathering support. The Theca project, the website and the **communities** of Telegram, Discord, Twitter and Instagram are made public. More than **100.000 users** joined Theca’s journey and we couldn’t be happier of the results archived.

✅ December 17th 2021
Liquidity pool
**Liquidity Pools** are created within the **Solana ecosystem** (**Jupiter**, **Raydium**, etc …) and **THECA can be exchanged via Swap**. Subsequently, the Theca swap will be made public directly on the website.

✅ December 20th 2021
Launchpad and AirDrop
The initiatives to promote the THECA token through the launchpad and **AirDrop** are published.
**10,000,000 THECAs are expected to be distributed to the participants**.
2022 will be a great year for the development of the Theca project, stay up to date to know more about **Theca’s Ecosystem**!

## Are you curious about the 2022 steps?
**Visit** our [Roadmap](/roadmap)

The first phase of Theca roadmap is completed!

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Theca Phase 1 is completed

## The success of Theca AirDrop

A community of over 80,000 people in support of the **Theca Project** participated with commitment and enthusiasm in Theca's first official AirDop!

We are now glad to announce the winner of 100.000 THECA: it is the Solana Address

8r8PA5UokyPnjqUESpkaBFyfwCmVVQwoBjPtnsVhtQS4
From Pakistan

🎉🎉Congratulations!🎉🎉

Thanks to all the participants and to our ever-growing community that supports us every day.

Many news are yet to come!
Stay up to date and follow us on our social channels.

The announcement of the Theca AirDrop Lottery winner 

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Theca AirDrop Lottery: the winner 

# New announcement!
We are pleased to announce that we are officially listed on CoinMarketCap. 
This is yet another station we have successfully docked, thanks to the community’s support and love.

## What is CoinMarketCap?

**CoinMarketCap is the world’s most-referenced price-tracking website for crypto assets** in the rapidly growing cryptocurrency space. 
Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.

Aside from being the most popular reference you can have for crypto prices and assets, **CoinMarketCap** also provides investors with the basic knowledge of the **crypto market** to help investors in their decision-making.

## A stong yet reliable project
**Getting listed in CoinMarketCap simply means that the project is substantially proven as legitimate and reliable** with documentary evidence backing it up, prior to being approved.

## Make sure you add THECA to your watchlist

Have all the information at your fingertips!

Get an overview on Theca chart and add THECA to your **watchlist** here:[https://coinmarketcap.com/currencies/theca/](https://coinmarketcap.com/currencies/theca/)


The official listing of Theca on CoinMarketCap

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Theca is Listed on CoinMarketCap

## Theca’s Phase #2

Hi everyone!
This year begins with a new phase for Theca.
Interest in the project is increasing dramatically and we are enthusiastic and focused more than ever on the next steps!

## 2022 goals

Here are the goals that Theca project has set for this year:

### January 2022
#### Private Sale
To feed the liquidity pool, a **private sale is set up**. It can only be attended by invitation. We are looking for new investors who believe in the project and in the cultural initiatives linked to Theca.

### February 2022
#### DAO
To keep decisions and actions transparent, Theca establishes its own **DAO**. The rules imposed by the code that constitutes the smart contract, are publicly verifiable by everyone. Decisions and actions are taken by the entire community, in total alignment with Theca’s values: **transparency** of financial transactions within the public register, the concept of **democracy**, **non-exclusion** of the individual, **privacy** and **anonymity**, **voluntary participation** and **collaboration**.

### March 2022
#### White Paper
The entire project developments and ideas in support of the Theca ecosystem are ordered, described and defined in our official technical document. The **White Paper **will be our instruction manual and will be published promptly with each release.

### Q1 2022
#### Listing Exchange
The Theca project is ready to be **listed on the major Exchanges**. A new economy is created based on the exchange of Theca with other crypto coins or stable coins. The first step of the Theca ecosystem is underway.

### Q1 2022
#### Theca Wallet
The official **Theca Wallet** is created for **Token** and **NFTs** **holding** and for the authentication and operation of the ecosystem. **Consultation**, **creation** and **sharing** of works. The wallet is a part of the project that brings the user closer to the new Web3.

### Q3 2022
#### Theca DApp
The **decentralized application** published in the Theca ecosystem allows everyone to take advantage of the archived content. It is possible to create new works and establish new collaborations between authors, publishers and users. A new way to **create**, **study** and **educate yourself**!

### Q1 2022
#### Archiving of works
The **processing phase** begins. Our system starts to archive and protect the works and the publications that are proposed by our team, community, partners and publishers.

### Q3 2022
#### Theca sharing economy
The economy within the **Theca DApp** occurs through the use of our **token**. A method for the **exchange between authors**, **publishers** and **users**, who will be able to receive the right commission and create new **inter-collaborative cultural initiatives**, without having to run into unnecessary intermediation costs and waits.

### Q4 2022
#### Theca Spread Program
In order to make the Theca project known, an **Ambassador program** is created and launched, in **collaboration** with **publishers**, such as **libraries**, **cultural associations** and **local initiatives**. Official Theca meetups will be organized, with the aim of feeding the ecosystem, presenting the **project to new authors** and supporting the various initiatives.

### Q4 2022
#### Global partnership
Launch of **partnerships** to promote the **Theca project**.

## Visit our website: [theca.org](https://www.theca.org/)

2022 will be a great year for the development of the Theca project, stay up to date to know more about Theca’s Ecosystem!

On our website, all the information about the project, the road map, the principles and **values** of Theca, our **mission**, the specifications on **Tokenomics** and the future download of the **Theca Wallet**.

Find out more about our goals by checking out our [roadmap](https://www.theca.org/it#roadmap)!



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Theca’s Phase 2 just started!

The Theca Project is designed to solve many problems.
The literary works are very precious for humanity and Theca wants to create an ecosystem in which authors can express freely their art, avoiding copyright issues and providing an intermediary free platform. 

## How can we do that?
With the **blockchain technology** and especially **Theca’s DApp’s peer-to-peer system**, it is possible to avoid the connection filters on navigation. Theca wants to reach people worldwide and has set ambitious goals on its roadmap phases. 

➡️For a clear overview of the **Theca Project** click [here](https://www.theca.org/en/roadmap).

## 5 of Theca’s main goals
Theca has many goals and it stands as a precursor of a revolutionary system. Thanks to this project **the access to knowledge is decentralized**, so there is no need for intermediaries. For these reasons Theca is **the future of the literary industry**. 
The ecosystem of Theca is articulated and organized and allows to:

### ✅ Protect copyright
Thanks to **smart contracts**, the author’s works are protected against unauthorized copies. The peculiar characteristics of this innovative system are **decentralization**, **transparency**, **security**, **immutability** and **consensus**. The properties of transparency and security make smart contracts reliable. They erase any likelihood of manipulation, error, and guarantee **confidence in execution**.

### ✅ Spread knowledge
Blockchain technologies and **DApps** allow to overcome barriers and filters that have limited the access to the web. Surely what makes the Blockchain a digital innovation is its transparency and decentralization, in addition to the reduced transaction cost (because it is a peer-to-peer network), to being a service available every day 24 hours a day and the possibility to have control over the network, with **no intermediaries**.

### ✅Eliminate intermediation
Theca facilitates direct interactions between the parties with **immediacy**, **speed** and **traceability**. This is thanks to the very nature of Blockchain, which gives the opportunity to obtain greater transparency, **trust and security between people**.

### ✅ Promote author’s works
The **sharing economy** has rethought the exchange of goods and services between people by redesigning digital society. The concrete benefits are not only for the individual but also for the whole community.
In this scenario theca shares the literary works, the works of thousands of authors, texts and NFTs, and “lives” thanks to its ecosystem that connects people and makes possible the development of DApps and digital platforms.
The sharing economy is provided with the **THECA token** present within the ecosystem, in order to help authors monetize their works and connect with their communities, using a smart platform to upload their contents. 

### ✅ Support cultural initiatives
**Theca’s Spread Program** and **Partnerships** will support the projects of cultural and social institutions, without unnecessary intermediation costs and bureaucratic waiting. 

>The best way to preserve knowledge is to keep it alive.

## Curious about Theca’s ecosystem?
Embrace our philosophy and **create the first blockchain library** with us!
Join our communities to stay up to date about Theca’s development and features. 

Theca eliminates copyright issues with a revolutionary ecosystem

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What problems does Theca solve?

## Sartre’s Nausea: Plot

Published in 1938, la nausée [nausea] is Jean-Paul Sartre's first novel. It consists of the diary of Antoine Roquentin, a young man of thirty who, after a series of adventurous travels, settles in a provincial town, Bouville, with the intention of completing a historical research on an eighteenth-century libertine, the Marquis of Rollebon. After three years in Bouville he begins to write a personal diary, the first dated piece of which dates back to Monday 29 January 1932.

The decision to publish these writings is not the author's: the notebooks were later found among his papers and published without any retouching. Roquentin lives in a hotel room near the station and spends his evenings at the "Meeting of the railway workers". For his research he spends hours in the municipal library, where he meets the self-taught, a strange scholar who reads all the books owned by the library in alphabetical order. In the flow of everyday life, disturbing signs infiltrate: he picks up a pebble to make it bounce on the water and inexplicably throws it; he feels in his own hands a new way of taking objects; he feels another man's hand as a "big white worm". 
_He does not feel "bourgeois" at ease in the world._

## Existential Nausea
He is convinced that he has contracted a disease. It is called "**The Nausea**". 
It consists in the inability to give an order to things: the perception of the subject is altered and the story proceeds by hallucinations. Until, in front of the root of a chestnut tree in a garden, the "contingency" of existence is revealed to him: Roquentin feels reduced to a passive object, he does not succeed in distinguishing himself from the magma of things and the awareness of living from the given in fact to live. Thus everything, including its own existence, becomes in his eyes "too much", that is, unjustifiable and senseless. Understanding that "everything is free" causes "Nausea": "the stomach turns and everything starts to float". The regular and reassuring life of the Bouville provincials (whose Sunday walk is given a fiercely ironic description) is nothing more than an attempt to hide the senselessness of existence. Before leaving Bouville, Roquentin enters for the last time the "Meeting of the railway workers", where, listening to jazz music, he suddenly sees the possibility of giving meaning to life through writing.

## Sartre's Nausea: Analysis
Sartre has transferred his philosophical thought into the form of the fictional novel and has inserted a note of suspense in the story, according to the model of the detective novel. The speculative nature of these diary notes requires the compression of the action in favor of the inner monologue. Speaking of the fictitious character of the "adventure" (the opposite of "Nausea") which presupposes the transformation of life into sequences linked to a connection of chance, it is the protagonist himself who explains the reasons for the inadequacy of his experiences with respect to the structure of the traditional novel; in this sense the NAUSEA is an example of non-conformism.



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Jean-Paul Sartre's Nausea: plot and analysis

## Use, reuse, sharing: key concepts of a circular economic model

The economic model of the sharing economy has spread and grown considerably in recent years. 
But what are the **advantages** of the sharing economy? 

The sharing economy is an economic model in which the sharing of physical goods, such as houses, cars, bicycles and much more, takes place between several people and becomes the real **driving force** of the whole system. **Use**, **reuse**, **sharing**: these are the three **key concepts** around which many entrepreneurial realities revolve that exploit technologies to create a **circular economy model**, which interconnects more and more professionals, consumers and citizens and also pays particular attention to safeguarding and **environmental protection**.

## Sharing economy, a growing sector
With the sharing economy, both businesses and consumers join forces, and make their skills and technologies available to create virtuous links, which are based on the use of **technological tools** in a rational and intelligent way. In this way, lifestyles are promoted that aim at saving and redistributing money, while at the same time promoting **socialization** and **environmental protection**.

## The advantages of the sharing economy
The sharing economy model turns out to be a winning one because it is based on **dynamism**: in fact, solutions are offered to final consumers that fully meet their needs. The sharing economy has profoundly changed the world market landscape, bringing some significant advantages. **The possibilities are endless**, that is why this economic model is finding more and more applications, such as **Blockchain** **DApps**.

## Environmental protection
A first positive factor of the circular economy concerns **the protection of the environment**: if, for example, more people move with the same car or use the same house to go on vacation, the impact on the environment will certainly be less. The sustainable mobility sector in the world of the sharing economy is in particular one of the most developed in terms of the growth of ways of life and technologies that are aimed at safeguarding the environment. 
As regards the **literary world**, for example, the consultation of texts, books and works through a sharing economy system allows for **lower energy consumption** than that of a physical library. This is sure to have a **positive impact on the environment**.

## Feedbacks for rapid technological innovation
Valuing the opinion of others is another advantageous consequence of the sharing economy. Having **feedback** from consumers on the lived experience helps both companies to **improve** their services and helps consumers to evaluate what could be the best solution according to their needs. The immediate exchange of feedback allows for **rapid growth** and **innovative development**. 
Effective sharing is attentive to technological innovations, and in this sense the sharing economy has led to a **rapid development** of increasingly **intelligent** and **sophisticated technological tools**.

## Theca and the sharing economy
The sharing economy is a constantly evolving economic model that has rethought the exchange of goods and services between people by redesigning social and consumption coordinates. As we said before, the sharing economy is finding more and more applications and **blockchain technology** is one of those. **Theca** is a **decentralized** project based on **blockchain** that allows a simple and effective use of digitally shared works. 
In this scenario Theca shares the literary works of thousands of authors, texts and NFTs, and "lives" thanks to its ecosystem that connects people and makes possible the development of DApps and digital platforms.
Using the sharing economy, **Theca offers concrete benefits not only for the individual author but also for the whole community**.


What is the sharing economy? Key concepts and development

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Sharing economy: advantages and developments

## Find out the latest Theca's ecosystem updates

Theca’s ecosystem is ever evolving and improving as it is aligned to its values of transparency. We want to show every step of our journey and share every goal we have achieved. **Blockchain technology** is setting the base for **changes in the literary industry**, and Theca is part of this change, or better said, **Theca is the change**. 
The new [Wiki](https://theca.gitbook.io/theca/) update regards especially Theca Tokenomics, as we defined distribution and circulation of THECA tokens.

## THECA token Distribution

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To ensure transparency and security, we specify that each distribution wallet has no more than 375 millions THECA.
THECA is a Token of the Solana blockchain and tokens are distributed over 6 main pools. These are **Community**, **Team & Development**, **Founders**, **Pre-Sale**, **Rewards & Airdrop** and **Reserve**. 

### Community (60% of Total Supply)
Theca is a **community-centric project**, that is why the biggest part of tokens’ allocation goes to the community.

The Community Treasury will have a gradual monthly release scheduled over a period of 4 years, starting on the Token Generation Event (TGE). Community distribution is unlocked, no cliff, 48 months vesting, total 6.000 Millions THECA. 

### Team & Development (10% of Total Supply)
Our Team allows us to **make our vision come true**. 
In particular the 10% of the distribution is split between, 4% of Total Supply, owned by the Team and the 6% of Total Supply for Development.

#### Team Funds
The Team Treasury will have a gradual monthly vesting release over a period of 45 months. Distribution is locked at TGE, 3 months cliff, total 400 Millions THECA.

#### Development Funds
The Development Treasury will have a gradual monthly vesting release scheduled over a period of 45 months. Distribution is locked at TGE, 3 months cliff,

### Founders (9% of Total Supply)
Founders distribution is locked at TGE, 6 months cliff. The Founders Treasury will have a gradual monthly vesting release.

### Pre-Sale (10% of Total Supply)
**Pre-Sale** tokens can be retrieved through Theca Private or Public events. Pre-Sale distribution is locked at TGE, 12 months cliff, total 1.000 Millions THECA. The Pre-Sale will have a gradual monthly vesting release

For users who participate in the Pre-Sale a **vesting contract** will be released. The Tokens will be locked for 12 months and will have a gradual monthly vesting release every month, over a period of 6 months.

### Rewards & Airdrop (6% of Total Supply)
**Theca’s Airdrop campaign** was successful and we are looking forward to replicating rewards initiatives. 
Tokens reserved for Rewards & Airdrop are distributed in the following percentages: 

#### AirDrop Funds (3% of Total Supply)
The AirDrop Funds Treasury begins at token distribution. Distribution is unlocked. No cliff, 48 months release, total 600 Millions THECA.

#### Reward Funds (3% of Total Supply)
The Reward Funds Treasury begins at token distribution. Distribution is unlocked. No cliff, 48 months release, total 600 Millions THECA

### Reserve (5% of Total Supply)
THECA Reserve tokens are meant to be used to integrate specific pools just **in case of need**. Reserve distribution is locked at TGE, 24 months cliff, total 500 Millions THECA. The Reserve Treasury is reserved to a Multi-sign Board.
_Please note_: At the end of the distribution term (48 months from TGE), the remaining tokens will be burnt.

## THECA token Circulation
As far as the **Circulation**, THECA tokens will be released over a 4**-year period divided into trimesters**.
The below chart shows how the different pools grow over this period.

![presentazione-theca-ita_tokenomics2 (1).jpg](https://thecabke-storage.s3.eu-central-1.amazonaws.com/presentazione_theca_ita_tokenomics2_1_ad1286e18e.jpg)
![presentazione-theca-ita_tokenomics3.jpg](https://thecabke-storage.s3.eu-central-1.amazonaws.com/presentazione_theca_ita_tokenomics3_20cf1d396d.jpg)


## Lite Paper v.0.9.1
**Lite paper** specifies distribution and circulation as mentioned above. This document is useful to get a quick overview on the project and why not, to be shared with your friends! You can get a full and deep description about the whole ecosystem, in order to introduce you to the first-ever blockchain library. 

## Do not miss out on anything!
Join us on our social media channels, become part of **Theca’s community** and **start to share knowledge**! Theca is an active community of book lovers, authors and publishers who share the same passion and goals: create a new decentralized ecosystem which will change the literary industry!


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Theca Wiki and Lite Paper Update


## What is a DAO?
A DAO is a governance model often used for DApps, projects and crypto investment funds.
DAO stands for **Decentralized Autonomous Organization**, automated via code and open to anyone (as long as some basic requirements are met). 
**Decentralized** in nature and based on the automatic execution of **smart contracts**, the DAO has become very popular in the blockchain space. As **autonomous**, a DAO is created and managed by a community, which collectively manages its funds and projects. Activity and executive power are obtained and managed through codified rules using smart contracts. Both DAO financial transactions and the program rules are stored in a **blockchain**-type database.

## Theca DAO
Theca DAO has the purpose to provide a digital and **secure ledger**, which keeps track of financial interactions, fights against forgery by using a trusted "**timestamp**" and stores all information in a decentralized way. **Transparency**, **traceability** and **democracy** are the main features of Theca DAO.

As a decentralized organization, Theca DAO uses a set of rules and interoperable smart contracts that is maintained by the Theca DAO and is deployed on the [Solana Blockchain](https://solana.com/).

Theca DAO is a **community-run**, **community-governed** decentralized autonomous organization. Changes are made through proposals and voted on both by the Council or by the holders of a minimun amount of THECA token, according to each specific proposal.   
Theca facilitates financial interactions, uses a trusted "timestamp" and decentralizes all information and authors' works. In this **community-led organization**, any decisions are made through a governed vote including what, how, and when Theca DAO proposals are made. 

## Theca Council Members and the Proposals
In order to interact within the DAO and make changes, Theca DAO has a well-defined **voting mechanism**. **Proposals** are presented by **Theca Council Members** (maximum 9 members). If the proposal is supported by at least **two** other Council Members it will pass to the vote of the entire Council, or it will be voted by all the holders who have a **minimum amount of THECA** defined within the rules of the **DAO program**. 

The actions that can be voted on will be:
- Proposals for changes
- Updates
- Use of resources such as wallets and assets
- Treasury revenue allocations and distribution
- Protocol and app fees
- Proposals for the operation of the Dapp Theca
- New ways of voting
- Owning THECA token

To demonstrate the right to vote in the Theca DAO, it is necessary **to own THECA Token**. 
Anyone who holds THECA token has a **voting right proportional to the number of tokens they own**. Theca Council Members can also propose changes to the functioning of the DAO itself, and vote for new voting mechanisms.

## Theca DAO Voting System
The proposals can be voted in two different ways. 
They can be voted **only by the board** or **by the theca holders** with a minimum amount of theca. This is defined during the creation of the proposal.
The governance mechanism is designed to be **flexible** and **upgradeable** over time. 
It is possible to vote **Against** or **In-Favor** of the published **Theca Improvement Proposals** (**TIP**). 
Some examples of Theca Improvement Proposals (**TIP**) voted on are:

- Treasury revenue allocations and distribution
- Protocol and app fees (entry, exit, repayment, deposits, etc.)
- Price oracle changes (where pricing comes from)
- Risk parameters (i.e. liquidity ratio, debt value)
- Incentivized rewards for THECA tokens
- Upgrades to the foundational protocols (like supporting a new blockchain, pool, protocol, community implementation partner, etc.) 
- New ways of voting
- Operation of the Theca Dapp

## Theca community and funds management
The key to creating a **successful DAO** is a **good project** and an **active community**. The more people join Theca Project and participate in the governance of the Theca DAO, the stronger the decentralization becomes. 
**The authority is spread among multiple stakeholders**, this means a new proposal cannot be censored and the votes cannot be technically manipulated.
Theca DAO organizes the community and allows it to create an **efficient organization** with a technology that guarantees **integrity** and **democracy**. 
In fact, the management of theca funds is also based on the principle of democracy. Treasury is handled via a **multi-signature** (multisig) wallet, which can only be used if the majority of all key participants agree. 


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Theca DAO: how it works, characteristics and voting system

## More that 80.000 valid participants

Dear community,

We are glad to share the **official referral winner list of the Theca AirDrop**!!!
The AirDrop had more than **80.000 valid participants**!

Since the participants did a great job with the referral program, we are happy to share with the community this amazing result!!
We are always looking for people who believe in Theca values and your commitment is the proof that you believe in the project!

## The offcial referral winner list

Here the complete list with winners Twitter accounts and **numbers of users referral**:

- Giang01939852 with 21892 users referral
- PhmTunLc2 with 17213 users referral
- mrdhosyahputra with 14104 users referral
- DoanHuyen8 with 4213 users referral
- shopkyconline with 3598 users referral
- puncerr with 2666 users referral
- masayuuputri with 2500 users referral
- xucolin2 with 1936 users referral
- CoffinArima with 1929 users referral
- hihiduyok1234 with 1673 users referral
- NoahFel51204112 with 1648 users referral
- AarzooCh with 1477 users referral
- hatghn4 with 984 users referral
- Leba171 with 926 users referral
- stacksofgreen with 720 users referral
- Anakwedok20 with 557 users referral
- Spplatfrom with 531 users referral
- buiquangluc1996 with 503 users referral
- kerimsaruhan with 214 users referral
- TriPratama with 195 users referral

🎉Congrats to the winners!!!!

Thank you so much for your participation, it’s been insane!

**Please note**:
Distribution starting from January 20th

The referral winner list of Theca AirDrop is out!

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Theca AirDrop: the Official Referral Winner List

## Theca’s new website just released!

Here what are the updates about:

## ✅ Theca DAO
As written on Theca's Wiki:


>“Theca DAO is a decentralized autonomous organization with a single purpose: To provide a digital and secure ledger, which keeps track of financial interactions, fights against forgery using a trusted “timestamp” and stores all information in a decentralized way. Transparency, traceability and democracy are the main features of Theca DAO.”

Theca DAO is a community-run, community-governed decentralized autonomous organization. All the changes are made through proposals and voted on by holders of the THECA governance token. With a solid proposal system any decisions are made through a governed vote including what, how, and when Theca DAO proposals are made.

Learn more about Theca DAO and how it works [here](https://www.theca.org/en/dao).

## ✅ Tokenomics
This new website release underlines new specifics on THECA Tokenomics.
THECA Token is deployed on the Solana Blockchain and its distribution is simplified in a clear chart where 60% of the Tokens will go to the Community, 10% to Team & Dev, 10% for Pre sale, 6% for Rewards & AirDrop, 9% to the Founders, 5% as Reserve.
Circulation is at 48 months and it is described in the specific column chart, which indicates a clear breakdown of how THECA tokens will be distributed.

Find out more about [distribution](https://theca.gitbook.io/theca/tokenomics/theca-token/distribution) and THECA token [circulation](https://theca.gitbook.io/theca/tokenomics/theca-token/circulation) and start holding THECA right away!


## ✅ Lite Paper 0.9.1
The Theca’s Lite Paper is regularly released as a quick overview on Theca Project. It is a useful resource to better describe Theca’s goals and values, a shareable document which will help you to introduce your friends to Thecas’s ecosystem.
Find out the Lite Paper [here](https://www.theca.org/doc/lite-paper_v2_en.pdf).

## ✅ New translations available
Find out new languages on the website!

## ✅ Blog
Theca aims to spread knowledge. 
That is why a blog section is a must in order to share more Theca’s news with the world.
The [blog](https://www.theca.org/en/blog) is regularly updated with news about the ecosystem, but also with AirDrop communications, events, literary analysis and new authors’ insights. A leap into literature, culture and blockchain technology.

## Join us!
Embrace Theca's philosophy and join our communities to stay up to date!



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