Governance Model Details

Transparency and Accountability: Community governance actions, including proposal submissions, voting outcomes, and the like, are recorded on the blockchain. This transparency ensures accountability and allows the community to audit governance activities in real-time.
Quorum Requirements: To ensure that decisions reflect the community's will, a minimum quorum of votes is required for proposals to pass. This prevents a small subset of token holders from disproportionately influencing major decisions.
Incentivized Participation: Active participation in governance is encouraged through rewards. Token holders who engage in voting or delegate their votes to active representatives receive additional $SPARQ tokens as incentives.

Last updated 3 months ago

Transparency and Accountability: Community governance actions, including proposal submissions, voting outcomes, and the like, are recorded on the blockchain. This transparency ensures accountability and allows the community to audit governance activities in real-time.
Quorum Requirements: To ensure that decisions reflect the community's will, a minimum quorum of votes is required for proposals to pass. This prevents a small subset of token holders from disproportionately influencing major decisions.
Incentivized Participation: Active participation in governance is encouraged through rewards. Token holders who engage in voting or delegate their votes to active representatives receive additional $SPARQ tokens as incentives.

Last updated 3 months ago