Menese Protocol is preparing to hand control of key parts of its multichain platform to a decentralised autonomous organisation, with its proposed Network Nervous System (NNS) parameters now published publicly ahead of a vote.
The Menese Protocol SNS repository sets out the proposed structure of the DAO, including its governance token distribution, treasury allocations, decentralisation swap and the canisters that would come under community control if the NNS proposal passes.
The project describes Menese as a multichain operating system built around ICP’s chain-key cryptography. Its infrastructure is designed to execute transactions across multiple networks without relying on traditional bridges, external guardians or corporate custody.
According to the project’s published material, Menese currently supports 18 networks, including Bitcoin, Ethereum, Arbitrum, Optimism, Base, Polygon, Monad, Solana, Sui, Aptos, NEAR, TON, TRON, Cardano, XRP, Litecoin, CloakCoin and ICP. It also lists integrations with platforms including THORChain and Hyperliquid, alongside access to tokenised equities and other real-world assets.
The proposed DAO would oversee areas including exchange listings, debit card issuance and future protocol development. The project says the treasury would be used to fund exchange listings and market making, while the community would have a role in deciding future chains, business integrations and SDK partnerships.
Four existing Menese canisters are proposed to come under DAO control: the backend, frontend, ICP-SOL swap and SDK gateway. Menese has also published source code for the four components through its external reviewers repository, along with a pinned Docker builder and a verification script intended to allow the deployed modules to be checked against their published source.
The proposed governance token, MENES, would have a fixed supply of 100,000,000 tokens with no inflation.
Under the published allocation, 80 per cent, or 80 million MENES, would go to the DAO treasury. A further 10 million MENES would be allocated to the team through genesis neurons, while another 10 million would be offered through the decentralisation swap.
The distribution includes several earmarked portions within the treasury. These include 10 million MENES for Mercatura Forum, identified as the project’s pre-seed investor, 8 million for the team’s redemption of existing holdings, 27.5 million for treasury and liquidity, 10 million for exchange listing and market making, 9 million for a Tjati Council reserve, 7 million for staking emissions, 5 million for community purposes and 3.5 million for existing public holders.
The project says the team’s genesis neurons would be locked for four years. They would have an 18-month dissolve delay that cannot begin until a 30-month vesting period has ended. The neurons would retain voting rights from the beginning but could not be sold during the 48-month lock-up.
Menese also plans to maintain a route for holders of its existing token to move into the new governance system. The project currently has a live token known as menes_ledger, which was distributed through an earlier public sale and is associated with an on-chain staking programme.
Under the proposed arrangement, a redemption canister would exchange the existing token for MENES on a one-for-one basis using a treasury reserve. There would be no deadline for redemption, according to the published terms. Redeemed tokens would be burned, while an equivalent amount would be held back from the treasury to ensure the total supply remains within the stated 100 million MENES cap.
The decentralisation swap would run for 21 days once activated. The published parameters set a minimum of 50 participants and a minimum raise of 100,000 ICP, with the maximum raise capped at 500,000 ICP.
Individual contributions would range from 5 ICP to 60,000 ICP. The Neurons’ Fund would not participate, meaning the raise would rely on direct participants rather than matched NNS funding.
Participants would receive a basket of neurons with dissolution periods extending over roughly a year. This structure means voting power from the swap would not immediately become liquid.
The timing of the swap has not been assigned a fixed calendar date in the published parameters. Instead, Menese says it will open at 12:00 UTC on the date determined when the relevant NNS proposal executes.
The project is presenting the publication of the SNS parameters as part of its effort to give the community visibility into the proposed governance structure before the NNS vote. If approved, the published parameters would establish the initial conditions of the SNS, with subsequent changes subject to DAO governance.
Menese says the proposed structure is intended to give the community direct control over areas that have traditionally remained with project teams, particularly exchange access, payment products and future development.
The proposal remains subject to the NNS process, meaning the planned governance structure and decentralisation arrangements ultimately depend on the outcome of the vote.
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