🏛️Governance & Staking
A decentralised governance model ensures transparency and fair decision making for network related matters.
Governance voting rights are obtained by Device & NFT ownership and by staking tokens.
In order to ensure voters have a long term commitment and to counter potential risks found in one token - one vote systems, voting rights are allocated based on a staking model that gives an edge to those who are locked in for a longer duration.
Voting power is calculated by multiplying the number of staked tokens by the relevant multiplier, which verifies the number of days remaining in the staking contract and not the number of days initially staked. Staking contracts may be renewed prior to voting to ensure maximum voting power.
Voting power multipliers
| Staking Period | Multiplier |
|---|---|
45 days | 1x |
90 days | 3x |
180 days | 8x |
360 days | 20x |
Last updated