Governance

OpenSwap Governance

The OpenSwap team realizes that with all new projects, a certain degree of focus and bootstrapping is required before full decentralization can take place, and hence why the core team will serve as 'Transparent Guardians' during the initial stages of the project to help build up the community and put the project on a sustainable path forwards.

Decentralized governance has been part of the design of OpenSwap since day one and upon launch, a Governance Portal will be available to transparently govern the protocol. Upon launch, the OpenSwap team will serve as ‘Transparent Guardians’ utilizing the Governance Portal to carry out all key decisions on the protocol. To enable this to work, a defined pre-mint of 20,000,000 OSWAP tokens will be minted and immediately locked into the Governance contract to enable the OpenSwap team to carry out governance. None of these tokens will be in circulation nor serve any other purpose than to ensure an adequate stake to provide protocol governance. These initial tokens will be locked for at least 1 year to ensure enough time for the community to mature and take over governance.

To interact with the OpenSwap governance portal, please explore the following link: https://www.openswap.xyz/#/governance

We encourage community members to partake in community discussions to help better shape OpenSwap's governance structure. Users may get in touch with core team members through joining the OpenSwap telegram group: https://t.me/openswapdex