Rewards Governance — Steps to Decentralize Reward Sources
TouchCon Governance is a plan for the TOC token to become a governance token.
(TouchCon Governance is a plan for TOC Token to become a Governance Token)
“TouchCon governance is a step towards decentralization of reward sources”
In TouchCon multi-governance, DApps and developers integrate future digital assets as the standard for global rewards. Our team will create a reward source protocol to implement decentralization and autonomy.
We are proud to introduce a new scheme that will replace the admin of the Rewards Source Protocol with community governance.
[Multi-Reward Governance Token]
Participation starts with TOC, a multi-reward governance token.
A TOC, which is also a standard ERC-20 asset, allows owners to delegate voting rights on issues (addresses) of their choosing.
Anyone participating in this is the owner’s wallet, other users, applications or RAP partners.
Alternatively, anyone can be delegated and participate in the rewards governance remotely without having to own the TOC.
We believe that the TOC will set the standard for how governance tokens work,
Our team will further write new standards to accelerate the decentralization of the entire ecosystem.
It will continue uninterrupted until the TouchCon decentralization protocol is completed.
[Non-centralized community decision]
We have an initial design as follows so that users can easily participate in shaping the direction of multi-reward. Here, suggestions from users and suggestions from the development team are each handled in the same way.
1. Anyone who has delegated 1% of TOC to an address can propose governance measures.
This includes everything from supporting and adding new assets, changing assets, changing the reward pool payout rate, and more.
2. The following are voting for the specific agenda presented by the project. Voting is
-Selective voting for alliance partners in the same industry and industry
-T-Staking Optional Vote on Interest Allocation
-Vote on Rewardcon encoding target and quantity
-Selective voting for new digital assets to support airdrop
-Vote on distribution of business proceeds
3. All proposals have a 7-day voting period, and any address with voting rights can vote for or against the proposal. It will be announced once a majority and at least 500,000 votes have been cast on the proposal and can be implemented in at least 3 days.
[Change proposal status flowchart]
If you don’t like the governance framework, you can also vote for it and replace it with the new model.
[Multi-reward governance test]
TouchCon is currently at the starting point of the first governance.
The team promises to expand further by researching new models and designs for decentralization.
Further details on all these plans will be released from time to time in the future. Please stay tuned.
TouchCon Project Team