Dear Binancians and Fantomians,

I always say, better late than never! We promised periodical updates on this forum back when we listed on Binance DEX, and here I am bearing gifts, let's get right into the weekly update!

Unleashing our new mainnet governance proposal

Earlier this week, we had the honor of releasing our new mainnet governance proposal, which we came to after studying many other governance proposals. We believe that we have been able to propose a structure that satisfies the following aims:

Decentralisation: The platform should ultimately be run by the public: community, developers, token holders, and anyone who is a stakeholder.

Security: Checks-and-balances should be in place to ensure that changes to governance and the underlying platform are robust, secure, and with the consent of stakeholders.

Participation: Stakeholders can participate by being a tokenholder, running a validator node, or being a member of the moderating or technical committees.

Efficiency: Changes that are consented to should be implemented efficiently. Rejected proposals should come at a cost, to ensure that only proposals which are likely to be implemented are considered. Hence, each proposal to change the network will require an FTM deposit.

Full details of the proposal are available here: https://github.com/Fantom-foundation/FIPs/blob/master/FIPS/fip-4.pdf.

Listing on Beaxy

We had the honor of listing on Beaxy this Monday, which allowed our community members to enjoy access to new order types and such. We also commemorated this event with a sweepstakes competition, go check out more about the listing here!

https://medium.com/fantomfoundation/fantom-lists-on-beaxy-the-all-in-one-cryptocurrency-exchange-9ff4b99ecd46

If you have any question, you are invited to contact us at contact@fantom.foundation!

Fantom Resources:

Website

Official Telegram group

Official Twitter