DeFine launches Decentralized Governance
Following our previous announcement regarding removing the upgradeability of the token contract, DeFine contributors are excited to announce that DeFine is launching the platform governance feature.
How Decentralized Governance Works on DeFine
The launch of decentralized governance is a major milestone for DeFine and important for DeFine DAO and the utility of the $DFA token. On the DeFine governance page, $DFA holders can actively participate in the decision-making of the major operations and changes to the platform. Proposals can be submitted while staking $DFA, and holders of the token can sign to vote on the proposals.
DeFine governance is fully decentralized by token holders and completely open to all proposals. It is also essential to managing the treasury of the DAO. The transition of the DAO will be done in a phased approach, in order to establish a robust and solid governance system.
Decentralization is essential to DeFine and will continue on our endeavor to build a true community-driven platform. As DeFine DAO grows, the utility of $DFA will continue to grow together.
DeFine is the NFT social platform for all creators including artists, musicians, influencers, gamers, and athletes. The platform facilitates all social interaction, engagement and communication for creators and their fanbase with digital assets like NFTs and social/fan tokens.
Official Website: https://www.define.one/
Telegram KR: https://t.me/DeFinePlatform_kr