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.