🔸Transactionless Governance

For a more detailed explanation on our Transactionless Governance model, please see below under “Token Utility”. The governance model will be explained in this chapter as well, but less in detail, as

Even before our very beginning, it was clear to us at Nexbox that the community had a very special place in our hearts and in the way we engineer our project. Keeping an attitude that’s generally open for suggestions and discussion is one thing, but there is nothing more directly democratic than getting your community involved through open, public voting on certain matters that set the course and direction of your project’s development.

We elaborated a way that strives to balance each user’s power behind a vote, and the actual amount of tokens that users have when voting. You can have a detailed description of our governance model here.

Same as for our staking service, after building this tool for Nexbox and realizing that a lot of other projects are thinking the same way as Nexbox and want to implement such a service, it became clear that we need to offer this product as a service. As with our staking program, users don’t have to lock tokens anywhere to participate in governance voting.

Governance as a utility for a token is an attractive utility. It’s a way to give power back to the community and therefore a lot of different projects are eyeing to include such a service.

Projects will have the opportunity to choose between a variety of parameters, such as minimum holding period, balance, individual power, and anything in between.

Nexbox will produce a fully functional system for the projects which will be accessible through an easy straightforward dashboard in the end.

Business partners can rent that service & participate in these major advantages.