Decentralized Autonomous Organizations (DAO’s) have become the gold standard for projects seeking to create self-sufficient apps and services in the blockchain industry.
The InCon team supports the philosophy of decentralization, so the InCon project is managed through a DAO. DAO management is coordinated through GT and LP tokens, which provide voting rights.
GT token (InCon) holders can vote on the company’s financial, marketing, human resources and sales decisions. The majority owners of InCon will always be the project team.
LP token (InCon) holders can discuss improvement ideas, suggest changes, and vote on proposals to develop social network functionality.
Decisions are made through a vote by token holders when a quorum is reached. Once a quorum is reached, the solution with the most votes wins. Proposals are not accepted without reaching the quorum threshold. Since each token represents one vote, users who own more tokens have more influence over the development of the project.
To vote, InCon token holders will need to stack their InCon token. Only InCon tokens can be used for voting.
