Governance
Coinfair adopts decentralized governance (DAO), enabling all platform token holders to participate in shaping the platform’s future. Governance weight is determined by two key factors:
Token Holdings: The number of tokens a user holds directly influences their voting power.
Contributions to the DRS: User activities, such as community growth and rebate earnings, are factored into their governance weight.
The governance scope includes:
Setting standards for rebate level upgrades, effective after the token launch.
Defining reward criteria and incentives for users based on contributions, reviewed monthly, quarterly, and annually.
Decision-making on core matters like product updates and platform iterations.
All governance decisions are made through weighted community voting, with results transparently recorded on-chain to ensure fairness and trust.
Last updated