This article was first published on Stories by NULS on Medium
NULS Election Exemplifies True Decentralized Blockchain Governance
“NULS’ recent community Ambassador election consisting of 16.5 million votes opens a new era of NULS community autonomy.” Reaper Ran, Community Management Director, Co-Founder
With governance becoming a controversial topic in the blockchain space, NULS is pleased to announce that our community has completed the successful election of NULS Ambassadors. This election truly demonstrates a democratic governance process at work in blockchain. Candidates in the election were represented from 9 countries/regions around the globe. NULS has reinforced its election practices with the release of a “Community Charter” and “Community Fund Management and Use Process”. This election is paving the way for the NULS community to be autonomous and self-governing.
Holding NULS is a Proof of Identity and Provides Rights
Those with a cursory understanding of blockchain may sometimes be confused when investing in blockchain projects, thinking they only hold a string of numbers and not truly knowing what they have. In fact, when you hold NULS, you immediately get various rights in the NULS ecosystem. You have the right to use NULS for transaction fees on the network, election voting rights, participation in the future planning and governance, voting on community development related issues, and voting on the use of community funds. You also have consensus rights including participating in consensus and sharing incentives, proof of your identity in the NULS community, and even holding NULS tokenized equivalents allows you to hold the corresponding value in the NULS ecosystem.
Community Autonomy is NOT the Result of Community Growth, but it IS the Process of the Community’s Growth
Voting rights hold the key to a project in terms of the direction, the development, the focus, the management of community funds, and determining the key roles of the community. A challenge in understanding autonomy ...
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Stories by NULS on Medium