Big moves in decentralized governance on $ICP | @dfinity
- Nova social app transitions to full community ownership via DAO
- Users contribute to decentralization swap for voting rights
- Voting power scales with stake, simple and fair
- True community-controlled social media is here
Decentralized social apps are going mainstream, and $ICP is leading the way.
How does community ownership actually work?
Meet Nova: a social app that handed control to its users.
The process:
→ Set funding goals
→ Community contributes during decentralization swap
→ Contributors get DAO tokens = voting rights
→ Everyone votes on proposals together
Your voting power matches your stake. Simple. Fair. Community-owned.
9.48K
74
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.