LiveSphere
  • Introduction
  • Core Concepts
    • The Foundation of LiveSphere
    • Features
    • Tokenomics
    • Governance
  • Security and clarification
    • Security
    • Future Roadmap
    • FAQs
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  • How Governance Works
  • What Can Be Decided?
  • Why Participate?
  • Long-Term Vision
  1. Core Concepts

Governance

LiveSphere empowers its community through decentralized governance, allowing LS Token holders to shape the platform's future.

How Governance Works

  1. Proposal Submission:

    • Token holders propose changes, such as platform improvements, staking adjustments, or broadcaster approval.

  2. Voting:

    • Staked LS Tokens give users voting power, ensuring decisions reflect the community's investment in the ecosystem.

  3. Implementation:

    • Approved proposals are executed via smart contracts or platform updates.

What Can Be Decided?

  • Approving or banning broadcasters.

  • Adjusting staking rewards or transaction fees.

  • Prioritizing future features like NFT minting or marketplaces.

Why Participate?

  • Democracy: Every staked token represents a voice.

  • Transparency: Decisions and votes are recorded on-chain.

  • Incentives: Active participants may receive additional staking rewards.

Long-Term Vision

As LiveSphere evolves, governance will expand to include sub-communities and advanced voting systems, ensuring fair representation for broadcasters and viewers alike.

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Last updated 4 months ago