Governance Mechanism

By introducing the FFT token as the governance token, Funft DAO will achieve community participation and decentralized governance. We believe that this open and transparent governance mechanism will ensure the long-term development of the platform and safeguard the interests of community members.

Governance Voting

Users holding FFT tokens will have the right to participate in governance voting on the platform. They can propose various matters such as platform upgrades, fee structures, new features, and community initiatives, and exercise their voting power in governance voting. Each FFT token holder's voting power will be proportional to the number of tokens they hold, ensuring fairness and democracy in the governance process.

Proposal and Discussion

Users holding FFT tokens can submit governance proposals and engage in discussions within the Funft DAO community. This open discussion process will foster communication and collaboration among community members, ensuring transparency and broad participation in decision-making. Through collective efforts, we will be able to form better decisions and governance solutions that are conducive to the overall development of the platform.

Governance Parameter Adjustments

FFT token holders can also vote on governance parameters of the platform, such as fee allocation, reward mechanisms, and the use of community funds. The adjustments of these parameters will be decided through community voting, ensuring that the platform's operations align with the expectations and needs of the community.

Rewards and Incentives

By participating in the governance process of the platform, FFT token holders will have the opportunity to receive corresponding rewards and incentives. These rewards can be additional FFT tokens, dividends from platform revenue, or other forms of incentives, to encourage more users to actively engage in the governance of the platform.