📔Governance (Coming Soon)
Dango Token's governance is driven by its community of users. NFT holders can propose and vote on changes to the project, ensuring a truly democratic decision-making process.
Dango Token places a strong emphasis on decentralized governance, ensuring that the community of NFT holders has a direct and meaningful say in the development and evolution of the project. Our governance model is designed to be inclusive, transparent, and equitable.
Democratic Decision-Making
One of the key features of Dango Token's governance system is its democratic decision-making process. All token holders have the right to propose changes, improvements, and updates to the network. These proposals can range from technical upgrades to changes in network parameters, such as transaction fees or block size limits.
Voting Mechanism
To ensure fairness and transparency in decision-making, Dango Token employs a secure and transparent voting mechanism. Each NFT in a holder's possession represents one vote. This means that the more NFT-s an individual holds, the more significant their influence in the governance process. However, this design is intentional, as it aligns with the principle of economic stake corresponding to decision-making power.
Proposal Process
The proposal process is open to all token holders, promoting an environment where ideas and improvements can come from anyone within the community. The process typically involves the following steps:
Proposal Submission: Any NFT holder can submit a proposal on Discord. Proposals should be well-documented and include a clear explanation of the proposed change and its potential benefits.
Discussion Period: Once a proposal is submitted, there is a designated discussion period during which the community can provide feedback, ask questions, and voice concerns. This period ensures that proposals are thoroughly vetted and understood by the community.
Voting Period: After the discussion period, the proposal enters a voting phase. All token holders can cast their votes in favor of or against the proposal. The proposal is accepted if it receives a predetermined majority of positive votes.
Implementation: If a proposal is accepted, the development team or designated parties work to implement the proposed changes. This process is carried out transparently, and progress is regularly communicated to the community.
Transparency and Accountability
Transparency is a fundamental principle of Dango Token's governance. All proposals, votes, and decisions are recorded on the blockchain and made accessible to the public. This transparency holds the network accountable and allows for scrutiny of the decision-making process.
In conclusion, Dango Token's governance framework is designed to empower its community, giving every NFT holder a voice in shaping the future of the project. This commitment to decentralization and inclusivity ensures that Dango Token remains true to its core principles of equality and fairness in the world of digital finance.
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