Ethernity Chain's DAO and Governance
This module explores how the Ethernity DAO works, the voting process, and how ERN token holders influence platform development and governance decisions.
DAO Structure & Membership
Ethernity Chain operates through a Decentralized Autonomous Organization (DAO), which allows communities to co-govern the platform. This decentralized approach gives token holders the right to vote on decisions that affect the development of the platform. The Ethernity DAO is designed to decentralize power over the entire community, ensuring that users actively contribute to decision-making on governance, upgrades, and future projects.
To participate in Ethernity DAO, users need to meet certain criteria, such as holding at least 10 ERN tokens, locking the ERN tokens in fixed staking, or owning certified NFTs on the platform. These conditions ensure active interaction between DAO members and the platform, whether through token holding, staking participation, or NFT trading.
Participants can vote on proposals involving new features, system changes, or collaborations with external projects. The operation of DAO is transparent, and all votes are recorded on the chain, with equal voting weight for each participant. Proposals can be made by the community or the team, with DAO as the final decision-maker for important platform updates.
Voting Process
The voting process of Ethernity DAO is simple and clear. 24 hours before each vote, a snapshot of eligible wallets is taken to determine eligible users. Users can vote on proposals through their connected wallets, and once a vote is submitted, it cannot be changed. Each proposal has a specific voting period, and the results are displayed in real time to ensure transparency.
Once the decision is made, the platform will implement the approved proposal or change. Through this system, the Ethernity community can directly influence the development of the platform, ensuring that the platform evolves according to the collective interests of the users.
Governance Tokens and Voting Rights
The governance process is driven by the ERN token, and holders have voting rights. The more ERN tokens a user holds, the greater their influence on decision-making. ERN is not only a transaction token in the Ethernity ecosystem, but also a core tool for governance. By staking, providing liquidity, or holding NFTs, users can accumulate ERN tokens and determine the future direction of the platform.
The DAO model keeps Ethernity community-driven, with decisions made by users who are most concerned about platform development. Linking governance rights to ERN tokens ensures that those who actively participate and hold for the long-term can guide Ethernity's growth.
Practice of decentralized governance
The decentralization feature of Ethernity DAO helps mitigate central control of the platform. While the Ethernity team provides technical and development support, decisions regarding project direction, updates, or partnerships are determined by the DAO. This decentralized decision-making process allows the platform to expand based on the interests and values of the community.
For example, when launching new NFT collections, adjusting staking pools, or changing liquidity rewards, DAO allows the community to propose these changes. Community members can discuss and debate on platforms like Discord, and then proposals can be formalized and submitted for voting. This process provides the community with a transparent and effective way to express opinions and propose improvements.
The role of the community in governance
The Ethernity community is a key to the success of DAO. Many proposals come from the community, which actively discusses the upcoming changes and platform ideas. Through community channels like Discord, users interact with each other and the development team, creating an open feedback and creative environment. This community-driven model promotes collaboration, ensuring that the platform continues to evolve based on user suggestions.
The governance system also promotes fairness, and all ERN holders can influence the future of the platform. Whether users hold ERN tokens through staking, trading, or purchasing NFTs, they can have a voice in the platform's development. This inclusive structure strengthens Ethernity's commitment to decentralization.
Highlights
- Ethernity Chain's DAO enables the community to govern the platform through voting, ensuring that decisions are made with user participation.
- To participate in governance, users must hold at least 10 ERN tokens, stake ERN tokens in a fixed staking pool, or own specific NFTs, and vote through eligible wallets.
- Each vote will be recorded on the chain to ensure transparency. The voting process is simple, and a snapshot of eligible wallets will be taken before the proposal.
- ERN token is the core of governance, and holders get voting rights based on their holdings to influence decisions such as platform updates and partner relationships.
- The community plays an active role in proposing and voting, working together in a decentralized and transparent manner to shape the future of the platform.
Урок 1:Introduction to Ethernity Chain
Урок 2:Ethernity Chain architecture and Layer 2 features
Урок 3:Ethernity Chain ecosystem
Урок 4:ERN Token - Functionality and Tokenomics
Урок 5:AI and Digital Rights Management (DRM) in Ethernity Chain
Урок 6:Authenticated NFTs (aNFTs) on Ethernity Chain and their features
Урок 7:DeFi products on Ethernity Chain
Урок 8:Ethernity Chain's DAO and Governance
Урок 9:The Future and Roadmap of Ethernity Chain
Ethernity Chain's DAO and Governance
This module explores how the Ethernity DAO works, the voting process, and how ERN token holders influence platform development and governance decisions.
DAO Structure & Membership
Ethernity Chain operates through a Decentralized Autonomous Organization (DAO), which allows communities to co-govern the platform. This decentralized approach gives token holders the right to vote on decisions that affect the development of the platform. The Ethernity DAO is designed to decentralize power over the entire community, ensuring that users actively contribute to decision-making on governance, upgrades, and future projects.
To participate in Ethernity DAO, users need to meet certain criteria, such as holding at least 10 ERN tokens, locking the ERN tokens in fixed staking, or owning certified NFTs on the platform. These conditions ensure active interaction between DAO members and the platform, whether through token holding, staking participation, or NFT trading.
Participants can vote on proposals involving new features, system changes, or collaborations with external projects. The operation of DAO is transparent, and all votes are recorded on the chain, with equal voting weight for each participant. Proposals can be made by the community or the team, with DAO as the final decision-maker for important platform updates.
Voting Process
The voting process of Ethernity DAO is simple and clear. 24 hours before each vote, a snapshot of eligible wallets is taken to determine eligible users. Users can vote on proposals through their connected wallets, and once a vote is submitted, it cannot be changed. Each proposal has a specific voting period, and the results are displayed in real time to ensure transparency.
Once the decision is made, the platform will implement the approved proposal or change. Through this system, the Ethernity community can directly influence the development of the platform, ensuring that the platform evolves according to the collective interests of the users.
Governance Tokens and Voting Rights
The governance process is driven by the ERN token, and holders have voting rights. The more ERN tokens a user holds, the greater their influence on decision-making. ERN is not only a transaction token in the Ethernity ecosystem, but also a core tool for governance. By staking, providing liquidity, or holding NFTs, users can accumulate ERN tokens and determine the future direction of the platform.
The DAO model keeps Ethernity community-driven, with decisions made by users who are most concerned about platform development. Linking governance rights to ERN tokens ensures that those who actively participate and hold for the long-term can guide Ethernity's growth.
Practice of decentralized governance
The decentralization feature of Ethernity DAO helps mitigate central control of the platform. While the Ethernity team provides technical and development support, decisions regarding project direction, updates, or partnerships are determined by the DAO. This decentralized decision-making process allows the platform to expand based on the interests and values of the community.
For example, when launching new NFT collections, adjusting staking pools, or changing liquidity rewards, DAO allows the community to propose these changes. Community members can discuss and debate on platforms like Discord, and then proposals can be formalized and submitted for voting. This process provides the community with a transparent and effective way to express opinions and propose improvements.
The role of the community in governance
The Ethernity community is a key to the success of DAO. Many proposals come from the community, which actively discusses the upcoming changes and platform ideas. Through community channels like Discord, users interact with each other and the development team, creating an open feedback and creative environment. This community-driven model promotes collaboration, ensuring that the platform continues to evolve based on user suggestions.
The governance system also promotes fairness, and all ERN holders can influence the future of the platform. Whether users hold ERN tokens through staking, trading, or purchasing NFTs, they can have a voice in the platform's development. This inclusive structure strengthens Ethernity's commitment to decentralization.
Highlights
- Ethernity Chain's DAO enables the community to govern the platform through voting, ensuring that decisions are made with user participation.
- To participate in governance, users must hold at least 10 ERN tokens, stake ERN tokens in a fixed staking pool, or own specific NFTs, and vote through eligible wallets.
- Each vote will be recorded on the chain to ensure transparency. The voting process is simple, and a snapshot of eligible wallets will be taken before the proposal.
- ERN token is the core of governance, and holders get voting rights based on their holdings to influence decisions such as platform updates and partner relationships.
- The community plays an active role in proposing and voting, working together in a decentralized and transparent manner to shape the future of the platform.