Moving beyond coin voting governance

Coin Voting allows token holders to participate in decision-making, but most token holders are not well-known (a result of attracting high-APY token holders). Decentralizing governance was delayed rather than building community. Despite the desire for decentralization (for regulatory, idealistic, or scaleable reasons), new alternatives have emerged... See more

Most (if not all) governance mechanisms in crypto today revolve around some sort of implementation of the one-token-one-vote concept, akin to token-weighted direct democracy or shareholder democracy.

It reduces plutocracy, whale attacks, and voter apathy. Furthermore, it accounts for skin-in-the-game, direct signaling and is relatively permissionless. By using tools like Conviction Voting, holders can increase their voting power. Due to a lack of top-down strategy setting, convergence is a challenge for many DAOs. As a final note, the above sys... See more