SMILE
  • ☺️Smile Paper
  • Introduction
    • Overview of SocialFi on Cardano
    • Mission Statement & Vision Statement
    • Core Values
  • Token and NFTs
    • SMILE Token
    • SMILE Token Staking and Leveling System
    • GENEsis NFTs
  • Platform Features
    • Platform Features and Functionality
  • Governance
    • Governance and Consensus Mechanism
  • Security
    • Security and Privacy
  • Roadmap
    • Roadmap and Milestones
  • Community
    • Community and Ecosystem
  • Conclusion
    • Conclusion
Powered by GitBook
On this page
  1. Governance

Governance and Consensus Mechanism

Decentralized Decision-Making

  • Users can submit proposals for platform upgrades and changes

  • Community members can vote on proposed changes

  • Consensus is reached through a secure, decentralized mechanism on the Cardano blockchain

  • Users who participate in the voting process will receive an extra percentage of SMILE tokens during the corresponding epoch

Governance Power of GENEsis NFTs

  • GENEsis NFT holders have a stronger governance power

  • GENEsis NFT holders will be allowed to partake in which proposals to be submitted during every epoch of the amount of proposal exceeds a fixed number

Inclusive Community Participation

  • The governance model empowers the SMILE community to actively participate in decision-making

  • This ensures a democratic and inclusive approach to platform development

  • Community consensus is the driving force behind platform upgrades and changes

Secure Blockchain-Based Consensus

  • The decentralized consensus mechanism is implemented on the Cardano blockchain

  • This provides a secure and transparent framework for community-driven governance

The SMILE platform's governance model aims to foster a thriving, self-governing community where users have a direct influence on the platform's evolution and direction. The integration of the Cardano blockchain ensures the integrity and transparency of the decision-making process.

PreviousPlatform Features and FunctionalityNextSecurity and Privacy

Last updated 11 months ago