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IGGalaxy
  • About IGGalaxy
    • 🚀Introduction to IGGalaxy
      • đŸ‘ī¸Vision
      • đŸ’ĨMission
      • đŸĒ™Ecosystem Tokens
        • đŸ•šī¸$IGG
        • 🔮$ORB
        • ⚡Galactic Founders Token (GFT)
  • đŸŽ¯Governance
    • ❔What is Governance?
    • đŸ’ĒThe rights we reserve
    • âœī¸Structure a governance proposal
    • 💁How to be eligible to participate?
      • 🎓Why a minimum requirement?
      • ❔Why the GFT for governance?
    • 🤔How do I participate?
    • đŸ—Ŗī¸Where will discussions take place?
      • How to verify ownership of eligible tokens?
  • 🎮Official Website
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  1. Governance
  2. How to be eligible to participate?

Why a minimum requirement?

By setting a minimum token requirement for governance participation, we can cultivate an active, knowledgeable, and committed community that takes a genuine interest in the ecosystem's sustainability.

Vested Interest

By requiring token holders to maintain a certain amount of ORB or holding at least 1 GFT, we ensure that participants in the governance process have a vested interest in the ecosystem success. This creates a sense of shared responsibility and encourages well-informed decision-making.

Informed Participants

Holders who have accumulated the minimum required tokens are more likely to be familiar with the platform's inner workings. As a result, they can contribute more effectively to governance discussions and decisions.

Encourages Long-term Commitment

Requiring a minimum token holding can incentivize token holders to remain engaged with the platform over time. This long-term commitment can contribute to the ecosystem stability and community growth.

Reduces Spam and Frivolous Proposals

A token threshold for governance participation can act as a deterrent against spam or frivolous proposals. By ensuring that only invested stakeholders can contribute, we can maintain a higher quality of discussion and decision-making.

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Last updated 2 years ago

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