Governance

Our governance mechanisms are designed to support the core principles of decentralization, transparency, and user empowerment.

By ensuring that all stakeholders have a voice in the decision-making process, and that user data and identities are managed in a fair and responsible manner, we aim to create a decentralised id system that is both reliable and trustworthy. At the heart of our governance mechanism is a DAO, which is responsible for making key decisions about the direction and operation of the decentralised id system.

Our DAO is composed of stakeholders who hold governance tokens or Decentralised id that entitle them to participate in decision-making processes. These stakeholders include developers, users, validators, and other community members who have a vested interest in the success of the decentralised id system. The governance process is transparent, with all proposals and decisions publicly visible on the blockchain.

Our platform's voting mechanism is designed to ensure that all stakeholders have an equal say in the decision-making process, with each token holder having one vote. This ensures that decisions are made in a fair and democratic manner, without any single stakeholder having undue influence. In addition to the DAO, we also have a set of community guidelines and best practices that govern the use of the our revenue sharing, including passing on benefits to the community in the form of real yield..

These guidelines are designed to promote ethical and responsible use of the system, and ensure that users are empowered to control their own data and identities while getting incentivised. The guidelines are enforced through a combination of technical mechanisms and community moderation, with users who violate the guidelines subject to penalties or removal from the system.