9.3 Governance Model

Our metaverse ecosystem operates under a decentralized governance model, where decision-making authority is distributed among token holders. Through democratic processes such as voting and proposal submission, users can participate in shaping the future direction of our platform. This inclusive governance model fosters community engagement, transparency, and accountability, ensuring that the interests of all stakeholders are represented and considered

Token Holder Governance Points

The governance system within the Metaverse ecosystem is based on the accumulation of governance points by holders of START Tokens. These points are earned over time, taking into account both the duration and quantity of tokens held, as well as the level of activity and participation within the ecosystem. Governance points serve as a measure of a holder's commitment and contribution to the community.

Long-Term Holder Incentive

To reward long-term commitment and encourage sustained engagement, significantly more governance points distributed to holders who have maintained their stake for a period of more than 12 months. The longer the tokens are stake in the contract, the higher the profit and voting weight will be. This will make users who have staked for a long time more inclined not to withdraw their staked tokens, but to enjoy higher returns. The number of governance points received are also proportional to participation in our ecosystem (providing liquidity, contributing suggestions/proposals, staking, etc), providing holders with voting power to influence proposed changes and decisions within the community.

Inclusivity and Transparency

Decentralized governance lies at the heart of the Metaverse ecosystem, ensuring inclusivity and transparency in decision-making processes. Community members have the opportunity to propose and vote on protocol changes, with all proposals open for discussion and scrutiny. Voting rights are distributed based on governance points, allowing for a democratic and representative governance structure.

Whale Prevention Mechanism

To safeguard against the disproportionate influence of large token holders (whales), the governance system employs a mechanism that balances governance points with factors such as the length of token holding and the level of activity. This prevents whales from acquiring tokens solely for the purpose of manipulating governance decisions and quickly selling them, thereby promoting a more equitable distribution of power among community members.

Internal Team Vetting

Proposals put forward for community vote undergo thorough vetting by an internal team to ensure alignment with the overarching goals and values of the ecosystem. This vetting process serves as an additional layer of scrutiny, helping to maintain the integrity and stability of the governance framework.