Description:
![image](https://private-user-images.githubusercontent.com/96304523/324237557-6a537575-6276-475e-87be-51bedb63128e.png?jwt=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.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.8TOSzyParQTihABHe8ATMUbxXwKe4uQLDgF10_9wBU0)
Overview:
Governance tokens empower token holders to participate in the decision-making process for protocol upgrades, parameter adjustments, and fund allocations. Introducing a governance token for SimpleBitcoin will enable decentralized governance and community-driven development, fostering a vibrant and inclusive ecosystem.
Proposed Changes:
Design Governance Token: Define the structure, distribution mechanism, and utility of the governance token, including voting rights, governance proposals, and tokenomics.
Smart Contract Implementation: Develop the smart contract for the governance token, including functionalities such as token minting, voting, delegation, and governance proposal submission.
Integration with SimpleBitcoin: Integrate the governance token contract with the SimpleBitcoin ecosystem, allowing token holders to participate in governance decisions and protocol upgrades.
Community Engagement: Launch community initiatives to educate users about the governance token, encourage participation in governance activities, and solicit feedback for protocol improvements.
Additional Considerations:
Establish transparent and equitable governance processes to ensure fair representation and decision-making within the community.
Consider implementing mechanisms for on-chain voting and delegation to enhance governance efficiency and participation.
Labels:
- governance
- tokenomics
- community