Introduction to LikeCoin governance

LikeCoin community governance is based on the “Liquid Democracy” principle. It is still evolving.

Current Status (up till 21 JUL 2021)

The validators of the Republic of Liker Land have passed 10 out of 12 proposals since the first proposal on 18 Feb 2020, almost one and a half years ago. Most of the proposed action has been implemented immediately after the proposal was passed. Text proposal such as the 4th proposal needs time for technical development and will be implemented in the upcoming FoTan LikeCoin chain upgrade. The operation and development of the governance policy have been kept moving on the right track based on democratic principles. The evolvement of the ecosystem is just at the very beginning though.

Read the details of the 1st to 12th proposals here.

A new proposal will be put on the table for the upcoming FoTan chain upgrade to get the consensus of stakeholders too. Let’s take a look at the proposal and voting procedure in this article.