Fantom Mainnet Governance Proposal

Michael Kong (FANTOM Foundation)
Fantom Foundation
Published in
2 min readAug 13, 2019

By Alex Kampa, George Samman, Quan Nguyen

The Fantom team has been quietly working on a governance structure for mainnet. After studying other existing governance proposals, we believe we have a structure that achieves the following aims:

  1. Decentralisation: The platform should ultimately be run by the public: community, developers, token holders, and anyone who is a stakeholder.
  2. Security: Checks-and-balances should be in place to ensure that changes to governance and the underlying platform are robust, secure, and with the consent of stakeholders.
  3. Participation: Stakeholders can participate by being a tokenholder, running a validator node, or being a member of the moderating or technical committees.
  4. Efficiency: Changes that are consented to should be implemented efficiently. Rejected proposals should come at a cost, to ensure that only proposals which are likely to be implemented are considered. Hence, each proposal to change the network will require an FTM deposit.

Full details of the proposal are available here: https://github.com/Fantom-foundation/FIPs/blob/master/FIPS/fip-4.pdf.

Comments from anyone are welcomed, and can be made here: https://github.com/Fantom-foundation/FIPs/issues/2

Contributors

Alex Kampa. CEO Sikoba Research: http://research.sikoba.com

George Samman. Sammantics: http://sammantics.com/

Quan Nguyen. Core Developer at Fantom Foundation: https://fantom.foundation/

Official Links for Fantom:

Official Email Address: contact@fantom.foundation

Official Website Link: https://www.fantom.foundation

Official Telegram Discussion Group (English): https://t.me/fantom_english

Official Telegram Announcements Channel: https://t.me/fantomfoundation

Official Subreddit: https://www.reddit.com/r/FantomFoundation/

Official Twitter: https://twitter.com/FantomFDN

Official Medium: https://medium.com/fantomfoundation

Official Github: https://github.com/Fantom-foundation

Official YouTube Channel: https://www.youtube.com/c/fantomfoundation

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