Governance. Why is it important in crypto projects?

What is Governance?

By the way, the platform users will be able to vote themselves, without waiting until the Administrator himself will post any questions, but to create their own vote will need a certain number of tokens set by the platform admins themselves, creating a vote does not give a 100% chance that the choice will be 100% implemented in the system, but only shows the Administrators what exactly what users want their platform.

So, I think that almost every sensible project should implement a governance system in its platform, because it will not only make the work of administrators easier, but also make the community think about the future, which they will be able to do.

Governance in Covalent

Governance will be done by voting for amendments to various system changes or parameters, and to successfully vote you will need to have $CQT tokens, this is important, because without them you can not participate, and the more $CQT tokens you have, the higher your vote will be valued, so everything is in your hands, a special forum was created for voting, which will only be improved in the future, being a $CQT token holder will not only play an important role in the future of Covalent, but with it you can fully use Covalent API, and send tokens to the staking through the validator in the Covalent network.

On the forum you can register right now, in addition to management, you can also talk to people about development and other useful features that you will need to know.

Twitter: @Covalent_HQ



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Agafon Dombrov

I inform my subscribers about the best novelties in the crypto industry!