SOLUTIONS

Governance

The promise of true decentralization in blockchain can only be fulfilled if we can democratize the way DeFi applications work. For this purpose, the concept of governance comes in handy. Many great DeFi projects are making crucial decisions about protocol changes, hiring developers, and even changing governance frameworks protocols with the help of on-chain and off-chain governance solutions.

Governance Models

Off-chain governance

Off-chain governance usually works in a way that project stakeholders propose the direction of the product/protocol through conventional ways, for example, communities, mailing lists, broadcasts, etc. The power to implement these changes is concentrated with the project key stakeholders, core developers, and miners.
Group 864
Group 865

On-chain governance

On-chain governance typically involves governance tokens. The governance token holders can vote proposal changes directly on the blockchain. The voting power is directly proportional to the number of tokens each holder holds. Mostly, the proposals and their implementations are coded into smart contracts, and once certain voting criteria are met.
Group 864 (1)

Off-chain governance

Off-chain governance usually works in a way that project stakeholders propose the direction of the product/protocol through conventional ways, for example, communities, mailing lists, broadcasts, etc. The power to implement these changes is concentrated with the project key stakeholders, core developers, and miners.
Group 865 (1)

On-chain governance

On-chain governance typically involves governance tokens. The governance token holders can vote proposal changes directly on the blockchain. The voting power is directly proportional to the number of tokens each holder holds. Mostly, the proposals and their implementations are coded into smart contracts, and once certain voting criteria are met.

How Xord can help in your Project’s
Governance

Xord believes in true decentralization through blockchain. And governance protocols have helped fulfill this promise of decentralization. We would always encourage this to all the projects building up in the decentralized world. From project’s finances management to high-level project decisions, Xord can help you in implementing a governance solution that works for you in the long term.
governance token

Governance Models

Governance tokens are very similar to conventional stocks of a company. They are used to govern a blockchain project. Governance rights are given to the owners by either holding the tokens as collateral or staking them into a governance protocol. This gives the people the authority to make changes proposals or to vote on them. Usually, the governance protocols have a separate decentralized application for managing the proposals and voting on them

Decentralized Autonomous Organizations (DAOs)

DAOs are an efficient and safe way to work with like-minded people and companies around the decentralized world, especially in projects where large funds are involved. With DAOs, you can not only carry out the managerial decisions but automate them. Different DAOs have a different set of rules for their operation, and the DAO members can govern the decisions by proposals and voting to ensure everyone in the organization has a voice. This is a great implementation of truly decentralized governance in the blockchain.
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Key Features of DAO

transparency

Fully Transparent

global

Global

community

Community Building

decentralized

Decentralized

democracy (1)

Democratized

Proof of Work

Group 336

Numio

Numio app is a non-custodial dApp providing users ease of transactions and all the intricacies are dealt backstage.
Read more about it here.
Decentralized

Dapp

Group 337

CryptoDelivery

CryptoFarm is a Canadian company that was founded in 2018. The aim behind its establishment is putting some significant energy problems of the world to an end.
Decentralized

Dapp

Clients & Partners

Total Value Created

$34,727,626+
Phnx (1)
Numio (1)
DYT (1)
Dafi (1)
BZ (1)
BeeSocial (1)
Protokol (1)

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