Governance Model

Decentralized governance is a cornerstone of TERAFLITE’s philosophy. This governance framework ensures that power and decision-making are distributed among stakeholders, fostering transparency, inclusivity, and trust.

Key Components of the Governance Model:

1. Voting System:

   • All $TERA token holders can participate in governance by proposing and voting on critical issues. These include protocol upgrades, ecosystem funding initiatives, and feature developments. The voting process leverages on-chain mechanisms to ensure transparency and accountability.

2. Proposals:

   • Governance proposals can be initiated by any token holder who meets a minimum staking requirement. This ensures that proposals are meaningful and align with the broader interests of the community. Proposals undergo a preliminary review phase to assess feasibility and potential impact before proceeding to a vote.

3. Weighted Voting:

   • Voting power is proportional to the amount of $TERA staked. This ensures that those with a greater stake in the ecosystem have a proportionate influence, while still providing smaller stakeholders with a voice.

4. Execution of Decisions:

   • Once a proposal achieves the required quorum and is approved, it is executed via smart contracts to eliminate any possibility of manual interference or manipulation. This ensures that governance decisions are implemented securely and in a timely manner.

5. Transparency and Reporting:

   • All proposals, votes, and their outcomes are recorded on the blockchain and accessible to the public. Regular reports on governance activities and updates will be shared with the community to promote transparency.

Delegated Governance:

• To ensure active participation and efficiency, TERAFLITE supports a delegated governance model. Token holders can delegate their voting power to trusted representatives or governance committees, who vote on their behalf. This model encourages higher voter turnout and allows experts to guide decision-making in technical or specialized areas.

Sustainability and Evolution:

• The governance model is designed to adapt and scale as the TERAFLITE ecosystem grows. Community feedback will be continuously incorporated to refine the governance process, ensuring it remains robust and inclusive over time.

By empowering token holders to take an active role in shaping the ecosystem, TERAFLITE ensures that its blockchain remains decentralized, community-driven, and aligned with the collective interests of its users.