The utility token with coldstaking feature can also be used for an electoral process of choosing a representative. This good governance process would show the tokenholders deliberate commitment to a transparent decision-making and the strong desire to implement such decisions.
Good governance means having a process of decision-making that are:
a. participatory,
b. consensus oriented,
c. accountable,
d. transparent,
e. responsive,
f. equitable and inclusive, and
g. effective and efficient.
