🏛️Chainge DAO

Chainge is governed via a Decentralized Autonomous Organization (DAO). The Chainge DAO is designed to empower its community by allowing token stakers to participate directly in decision-making processes and remove any single points of failure or risk. The DAO decentralizes the decision-making process, moving closer to a democratic system as opposed to a top-down company hierarchy. This means that the development and operational decisions within Chainge will be transparent and reflect the community’s interests and inputs.

Governance within the Chainge DAO is done through vXCHNG tokens. Token holders can propose, vote and implement changes to the platform. This ensures active participation and engagement from the community and a healthy ecosystem where everyone has a say.

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Voting Power and Staking

Users can acquire voting power by staking XCHNG tokens, which grants them vXCHNG tokens. Staking can be done through the Chainge web dApp or mobile app. Staking periods range from 6 months to 4 years, depending on what the user selects.

The vXCHNG tokens are used for voting, and the staking ratio increases during the staking period. At the end of the staking period, you will get back the exact same amount of XCHNG tokens you staked.

Profit Sharing

Holding vXCHNG tokens gives users a share of 80% of the company’s profits. Profit is calculated quarterly as revenue minus expenses and is distributed in 5 currencies: USDT, USDC, ETH, wBTC, and XCHNG. The amount you get is dependent on company profit, staked amount, and staking duration. You must keep your tokens staked until profits are distributed to get your share.

Voting

Voting on proposals occurs on snapshot.org and requires vXCHNG tokens in advance. A proposal passes if it gets more than 50% “yes” votes. Users can only vote with the vXCHNG tokens they hold before a proposal is published. Note that proposals about new XCHNG tokens entering circulation require pre-approval from the DAO to maintain token circulation integrity.

Implementation and Transparency

Proposals that are approved will be implemented by the Chainge team, but the timeline for implementation can vary greatly depending on the task complexity and resources available. The Chainge mobile app and web dApp have a dedicated DAO module that shows live real-time data on voting power, revenue, trading volume, and total staked tokens, allowing transparency without compromising legal compliance.