Governance Model

DAO Governance

Wesion operates under a Decentralized Autonomous Organization (DAO) structure, allowing the community to play a central role in the platform’s direction. In this system, all WES token holders have voting rights proportional to their token holdings, enabling them to influence crucial decisions related to platform development, treasury management, and the introduction of new features. This decentralized governance model ensures that decisions are made by individuals who are invested in the platform’s success, fostering a sense of collective ownership.

Structure and Functioning: The DAO’s governance processes are executed through a blockchain-based framework that guarantees transparency, accountability, and democratized control. Users can submit proposals for changes, improvements, or new initiatives on the platform. Once a proposal reaches a minimum threshold of token support, it moves to the voting phase. This open and inclusive approach allows for diverse ideas to shape the platform's evolution.

Proposal Process: Token holders can submit various proposals, including the development of new features, changes to tokenomics, allocation of ecosystem funds, or forming new strategic partnerships. Proposals are subject to community discussion and require a defined level of support to proceed to a formal vote.

Voting Mechanisms: Voting in the Wesion DAO is carried out through secure blockchain-based smart contracts. The platform employs multiple voting mechanisms to suit different types of decisions:

• Single Token, Single Vote: Each WES token equals one vote, ensuring that those with a larger stake in the platform have proportionate influence over outcomes.

• Delegated Voting: Token holders who cannot participate in every decision can delegate their voting rights to other trusted community members, allowing for informed voting on their behalf.

• Quadratic Voting: For resource allocation or sensitive changes, Wesion may use quadratic voting, which reduces the influence of large token holders by increasing the cost of additional votes they cast.

Treasury Management

The DAO also oversees the platform's treasury, ensuring that funds are allocated effectively to support growth and community initiatives.

Treasury Funding: The treasury is funded through transaction fees, part of staking rewards, and other income generated on the platform. It serves as the financial backbone for ongoing operations, future development, and ecosystem growth.

Budget Allocation: DAO members can submit and vote on proposals for treasury spending. Potential allocations include platform improvements, community grants, marketing campaigns, and strategic investments. This democratic approach to treasury management aligns the platform's financial decisions with the collective interests of its community.

Community Involvement

Wesion's governance model emphasizes active community participation, making every user an integral part of the platform's ongoing development.

Forums and Discussions: Wesion offers built-in forums and communication channels where token holders can discuss proposals, share ideas, and collaborate on community initiatives. These discussions ensure that governance decisions are well-informed and grounded in diverse perspectives.

Transparency and Reporting: To maintain trust, all governance actions and treasury transactions are recorded on the blockchain and made publicly accessible. Regular reports keep the community informed about the outcomes of governance activities, treasury status, and upcoming proposals.