NULS 2.0 Community Governance Tool Release
By Inkarias - 2019-11-01
Since its arrival on the crypto market, the NULS project has positioned itself as a global, open-source, decentralized community project and has always taken community-based operations as a critical core blockchain component to succeed in that field. Now that the NULS 2.0 main net is online and completely stable, the NULS core team and technical community has officially launched the community governance tool on the main net at 15:30 November 1 (GMT+8). The community-oriented governance tool is a decentralized product based on the NULS smart contract, which is designed to allow each NULS holder to exercise their voting rights and participate in the decision-making process of the NULS community development and growth , thus , participating in the future of the project.
The governance tool governance will be open, transparent, and community-based offering a great incentives to participate in the NULS project:
- Voting Rights: All NULS holders possess inherent voting rights. If the NULS holder is not willing to participate directly, he or she can also give their voting rights to an agent allowing the agent to vote on their behalf to ensure a maximum participation
- Board of Directors for the Community Council: The NULS Community Council is a member organization that executes the Foundation’s management regulations and is completely responsible for the advancement of NULS and the NULS community, and the dispensation of the Community Fund. The Board of Directors for the Council are elected by community members according to their corresponding responsibilities and potential experiences.
- Proposals Submissions: Any NULS holder can initiate a proposal. After the proposal has been reviewed by the Board of the Community Council, the proposal can be opened for public voting.