Governance

Through transparent and fair governance, ChainOpera empowers all stakeholders to contribute to its growth. Key governance elements include:

• Reputation-Based Contribution Tracking: Our reputation system tracks and validates all participant contributions, ensuring high-quality additions to the network while providing clear rewards and correction mechanisms.

• Collaborative Development: Our governance framework enables contributors to propose, vote on, and implement changes that drive sustainable and equitable growth.

• Ecosystem Co-Creation: Through active collaboration between developers, users, and stakeholders, ChainOpera's development stays aligned with community needs and creates lasting value.

DAO Governance

Participants can gain governance voting rights through staking and will also receive incentives for building a healthy ChainOpera system. The amount of governance tokens they obtain depends on the number of tokens staked, the duration of staking, and the number of decisions in which they participate. Following are some example of decisions that they can participate in:

1. Governance Proposals

• Governance Polls: Holders of ChainOpera governance tokens can introduce proposals. These proposals may involve changing protocol parameters, introducing new assets (e.g., accepting new collateral), or upgrading the protocol.

• The proposal is made public for community-wide discussion, usually beginning with preliminary exploration through forums or governance meetings.

2. Executive Vote

• Voting System: Once a proposal passes the initial phase, it moves on to the executive voting stage. ChainOpera governance token holders vote "for" or "against" the proposal based on the number of tokens they hold.

• Voting Weight: Voting power is proportional to the amount of ChainOpera governance tokens held. Consequently, users with more tokens hold greater voting influence.

3. Parameter Adjustments

The ChainOpera DAO relies on several key parameters, including but not limited to:

• Reputation System: Defines the weight of user contributions throughout the CO ecosystem, as well as resource allocation.

• Collateral for Personal Usage of Data: Resources required as collateral when calling user-specific data.

• Liquidation Penalty: Data users (data communities, model providers, application developers) or validators are required to stake a certain amount of tokens to guarantee proper usage and fair reward distribution. Failure to fulfill these responsibilities may lead to penalties or revocation of data access/validation privileges by the DAO.

• Bribery Mechanism: Ecosystem participants may use a bribery mechanism to expedite the passage of certain proposals or gain priority in resource usage.

ChainOpera governance token holders vote to adjust these parameters, ensuring the stability of the system and preserving its value.