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19 April 2021

Should You Have a Voting System in Blockchain?

Should You Have a Voting System in Blockchain?

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From those in pre-colonial Africa to ancient Mesopotamia, many human societies have functioned with the idea that people being ruled should wield some sort of power. .

In the decentralized finance (DeFi) world, many projects have launched governance tokens to ensure as many stakeholders as possible share protocol control.

Token voting, largely broken down into mature and rookie models, has been cited as a legitimate step towards transparent and open on-chain governance, especially as a project aspires to be known as a ‘true’ DeFi application.

Projects like LiquidiFy, featuring a governance token to give community control over decision-making processes, continue a trend seen in the DeFi world to make governance a key part of reward models

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