Governance
Last updated
Last updated
Unchain X Governance builds a framework for the growth of the entire UNX ecosystem through the Unchain X DAO, which utilizes a consensus that operates governance through voting. DAO will determine the main issues of the UNX protocol. Unchain X creates an ongoing demand for UNX to secure voting rights (UNX) through its governance structure and encourages more participation in UNX ecosystem. This will not only form a stable price support base for UNX, but also form a virtuous cycle structure for UNX with the activation of governance and DAO.
In the Unchain X galaxy, there are numerous UNX stars. Like other galaxies, the Unchain X galaxy's ecosystem circulates and grows according to the principles of cosmic expansion.
Star → Demise of star → Particles → Aggregation of particles → Formation of new stars
According to the principles of cosmic expansion, in the Unchain X galaxy, you can burn stars (UNX) to obtain X Particles (XPT) at a ratio of 1 UNX to 10 XPT. Using the X-Fusion system, you can exchange X Particles (XPT) for VP at a 1:1 ratio, which can be used to convert into X Guardians (VUNX) that have the authority to make major decisions in the Unchain X galaxy. Additionally, a certain amount of the daily distribution of UNX is allocated to the X-Fusion system, allowing users to acquire new stars (UNX). The distribution of new stars (UNX) is based on the proportion of usage in the X-Fusion system. (This system deducts the mining shares based on the proportion of UNX you have claimed compared to the total unclaimed UNX.)
Claimed UNX: 10, Total unclaimed UNX: 200
10/200 = 5% share deduction
In Unchain X, the Circular Ecosystem enables the acquisition of X Guardians (VUNX) to determine the main issues of the Unchain X galaxy, and any user who acquires X Guardians (VUNX) at the same time is referred to as X Guardians.
The X Guardians vote on key issues within the Unchain X, directly participating in the Unchain X ecosystem, and defending the Unchain X galaxy.
Unchain X governance is sequentially disclosed, separated by Lv.3, for stable ecosystem configuration.
In the governance Lv. 1 stage, to create a stable ecosystem, the X-Guardians get to vote on the agenda proposed by Unchain X. When there is a major issue, Unchain X registers the agenda, communicates with the X-Guardians through voting, and decides and puts the major issue into action.
From the governance Lv. 2nd stage, X-Guardians can register on the agenda. If it is deemed necessary to decide on a major issue, X-Guardians who meet the agenda registration conditions can register on the agenda at any time according to the governance policy. At this stage, all procedures related to governance are converted to on-chain data.
Remove the permissions of Unchain X within the Unchain X contract to completely remove features that can affect the protocol and achieve complete decentralization.
