🤳🏼┃Governance & DAO

Community members are able to use their xIGN balance, acting as a governance token, to vote for official proposals, more xIGN representing more voting power. The process doesn't require any transaction and is absolutely gasless. A vote will systematically happen for any funds movement from the Treasury, and will progressively be established for deciding the general protocol direction as its mechanisms and issues become understood enough by the majority of users.

Voting process

When a proposal is approved by the community through this process, a DAO consisting on team members and advisors will implement the necessary contracts and/or transactions and execute the final decision.

The final result of the vote will always have to go through the DAO validation in order to prevent bugs or ill-intended actors to push for malicious changes.

Last updated