Governance Model
Phase 1 (Solana): Core Team Governance During the SPL token phase, the core team makes operational decisions to ensure rapid development and successful mainnet launch.
Phase 2 (Mainnet): Progressive Decentralization Upon mainnet launch, governance transitions to token holders:
Governance Rights:
Protocol parameter changes (block size, fees, emission rates)
Treasury fund allocation decisions
Validator reward adjustments
Smart contract upgrades and deployments
Strategic partnership approvals
Ecosystem fund distribution
Voting Mechanism:
1 BTCM = 1 vote
Proposal threshold: 100,000 BTCM to submit proposals
Voting period: 7 days
Quorum requirement: 10% of circulating supply must participate
Implementation timelock: 48 hours after approval for security
Proposal Categories:
Technical Proposals:
Protocol upgrades
Consensus mechanism adjustments
Fee structure changes
Performance optimizations
Economic Proposals:
Validator reward modifications
Emission schedule adjustments
Treasury spending
Grant allocations
Governance Proposals:
Voting mechanism changes
Quorum adjustments
Proposal threshold modifications
Emergency powers definition
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