On-chain Blockchain Governance

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.