Governance and Voting

  • Governance model:

    • Voting Rights: Token holders are granted voting rights proportional to their token holdings. This means that each Asset has its own Self-Regulating Organization (SRO) which acts as a Home Owner’s Association (HOA) and can democratically govern their respective properties. AssetHOAs are different from AUMDAO.

    • Decision-Making Process: Key decisions, such as property acquisitions, sales, or platform upgrades, are put to a vote.

    • Proposals: Token holders can propose new initiatives or changes to the platform. Proposals cost 2000 $AUM.

    • Tiered Voting Rights: $AUM holders can only propose a vote after the minimum threshold of 2 months (60 days) has passed to avoid large-scale manipulation.

    • Transparency and Accountability: The governance process is transparent, with proposals, discussions, and voting records publicly accessible, and on-chain.

    • Community Engagement: This model encourages active participation and engagement from the investor community, aligning the platform's direction with the interests of its users.

  • Token-based voting in platforms like MetaWealth ensures transparent and democratic decision-making in several ways:

    • One Token, One Vote: Each token typically represents one vote, giving all token holders a proportional say in decisions.

    • Decentralization: Voting power is distributed among many token holders, preventing centralized control.

    • Transparency: Blockchain technology records votes immutably, ensuring transparency and auditability of the voting process.

    • Inclusivity: By allowing all token holders to vote, the system includes a diverse range of opinions and perspectives, promoting democratic decision-making.

    This system ensures that decisions reflect the collective will of the community, aligning with the ethos of decentralization and democracy inherent in blockchain technology.

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