🗳️ Governance

Governance on Chainbased empowers the community to have a direct impact on the platform's evolution.

Governance Mechanisms

• Proposal Submission

  Any $BASD token holder can submit a proposal for changes or improvements to the platform. Proposals can cover a wide range of topics, including feature additions, fee adjustments, or policy changes.

• Discussion Period

  Proposals are open for discussion within the community, allowing stakeholders to debate and refine ideas before voting.

• Voting Process

  Voting is conducted transparently on-chain, with each token holder's vote weighted according to their staked $BASD tokens. Quadratic voting mechanisms may be implemented to prevent centralization of power.

• Implementation

  Once a proposal passes the voting threshold, it moves into the implementation phase, where the development team works on integrating the changes.

Benefits of Decentralized Governance

• Community Ownership

  Ensures that the platform aligns with the interests of its users rather than a centralized entity.

• Transparency

  All governance activities are recorded on the blockchain, providing an immutable record of decisions and actions.

• Responsiveness

  The platform can adapt quickly to the changing needs of the ecosystem, driven by the collective input of its users.