Governance Rights and Voting
KISS Finance is committed to establishing an open and transparent governance mechanism to ensure full participation and representation of community voices.
Here are the designs for our governance rights and voting:
Governance Token Allocation: We allocate a certain percentage of KISS tokens to community members as governance tokens. Users holding these tokens have the right to participate in platform governance and voting.
Governance Proposals: Any community member can submit governance proposals, including protocol updates, feature improvements, and parameter adjustments. Token holders can vote on these proposals, with voting weight determined by the number of tokens they hold.
Voting Weight: The voting weight of governance token holders is proportional to the number of tokens they hold. Users with more tokens have greater voting power, ensuring fairness and democracy in decision-making.
Voting Mechanism: We use smart contract technology to implement the voting mechanism, ensuring transparency and security in the voting process. Each governance proposal has a specific voting period, after which governance actions are executed based on the voting results.
Community Participation: We encourage community members to actively participate in governance matters, submit constructive governance proposals, and engage in the voting process. We will establish a comprehensive community governance platform to provide convenient participation channels and transparent governance procedures for community members.
Through these governance rights and voting designs, KISS Finance aims to achieve community self-governance and democratic decision-making, ensuring that community members' interests are fully protected and respected. We will continue to optimize and innovate our governance mechanisms to promote community involvement and co-governance, achieving better governance outcomes and community development.
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