A community-owned, decentralized, multi-metaverse platform demands a sophisticated governance framework that enables it to evolve gracefully in the best interests of its stakeholders. This governance mechanism draws inspiration from the robust governance model of the Substrate framework.
Network Wide Governance
This structure has been designed to ensure the enduring sustainability of the entire network and ecosystem. Stakeholders are empowered to harness the governance framework to steer the future, encompassing critical aspects such as feature implementation, protocol adjustments, and resolution of pivotal technical matters.
In general, anyone can create a proposal, however, the most popular proposal will be promoted as a referendum for public attention and voting.
Proposing is an essential process to deliver important matters efficiently and effectively to the public audience.
The most seconded proposal in that period will become a referendum for public voting. Bit.Country will actively promote a public referendum in its best effort to bring the attention to everyone for voting.
Any token holder can create a proposal through Democracy.
The members are elected through the candidate voting process by the token holders. The general council is interested in matters like ecosystem development, protocol implementation & adjustment, forkless upgrades, and so on.
The technical members are appointed by the general council, this team is responsible for urgent bug fixes and roll-out. Any technical-related emergencies will be fast-tracked through the technical committee. This will ensure the network stays secure and healthy for the ecosystem.