Quality Focused. Masternode & Staking.

What is Governance?

As a cryptocurrency matures critical decisions need to be made for administrative, tactical and strategic directions to be executed by specified parties within the community. Since cryptocurrencies have a foundational principle of striving to be decentralized, voting rights for decisions are normally limited to masternode owners. There is usually a cost associated with a proposal to the community and certain participants are responsible for performing said tasks for the network. Often times there is a fund for various departments to compensate others for services rendered. Strong governance functionality and organization is often a good sign for the longevity of a cryptocurrency as administrative overhead will be much lower than traditional centralized companies.