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Avive will adopt a decentralized governance model that allows token holders to have a say in the direction of the network. This could be achieved through a DAO (decentralized autonomous organization) that is controlled by the token holders. The DAO could have the power to make important decisions such as changes to the protocol, network upgrades, and allocation of funds.
The DAO will use a voting mechanism that allows token holders to vote on proposals. The voting will be done through a smart contract that ensures transparency, accuracy, and security. The proposals could be submitted by anyone, including token holders, developers, and community members.
To prevent token holders from voting based solely on short-term gains, the DAO will implement a token locking mechanism. This will require token holders to lock up their tokens for a certain period before they can vote. The longer the lock-up period, the more voting power the token holder would have.
To incentivize participation in the governance process, Avive will reward token holders who participate in voting and decision-making. This can be done by allocating a portion of the network's fees or block rewards to those who participate in the governance process.
To ensure transparency in the governance process, all proposals and votes can be made publicly available on the blockchain. This will allow token holders to see the reasoning behind proposals and the results of votes.To ensure transparency in the governance process, all proposals and votes can be made publicly available on the blockchain. This will allow token holders to see the reasoning behind proposals and the results of votes.