Financie Token
  • Financie Token - FNCT
  • Disclaimer
  • What is FiNANCiE
  • Challenges and Solutions of Creator Economy
    • Background
      • East India Company Changed the Way to Obtain Challenge Funds
      • From the “Company” to the “Individual”
      • The Relationship between “Fan” and “Creator”
    • Challenges of Creator Economy
      • Profits Are Concentrated on Huge Platforms and a Handful of Creators
      • No Mechanism for Giving Back to the Fans
    • Solution Offered by FiNANCiE
      • Features of FiNANCiE (Crowdfunding 2.0)
      • FiNANCiE and FNCT
  • About the Project
    • Why Blockchain is the Appropriate Technology
      • Proof of the Token’s Authenticity
      • A Safe Secondary Distribution
      • An Open Interchangeability with the Broader Economy
    • FiNANCiE Lightning and Past Achievements
    • Expansion of Blockchain Market and Use Case
      • The Expanding Blockchain Market
      • Expanding Use Case: Fan Tokens
    • Expanding the Token Economy Through FNCT
  • Project Overview
    • FiNANCiE(Crowdfunding 2.0)
      • Issuance of CT (Funding / Initial Sale)
      • Applications of CT
      • CT Marketplace (Secondary Distribution)
    • FNCT(Financie Token)
      • Participation in Governance
  • Technical Specifications
    • CT
    • FiNANCiE Lightning
      • IPFS Log Format
      • Anonymization and Zero-Knowledge Proof
      • Record of History Hash Value
    • FNCT
      • Implementation / Distribution Platform and Token Standards
      • Means of Distributing Community Rewards
    • Token Ecosystem of FNCT
      • FNCT Staking
      • Incentive Rewards
        • Validation Reward
        • Community Token Holding
      • Utility
        • Governance
        • Exchange with CT (Consumption)
        • Grade Benefits
        • Community Donation
      • Buyback & burn
      • Improvement Continues
  • FNCT Token Sale and Usage Plan
    • Token Sale (IEO) Overview
    • Distribution of FNCT Holders
      • Initial Distribution of FNCT
      • Uses of Procured Funds
      • Lock up for Team
      • Release of Allocation and Market Distribution Volume
  • Roadmap
  • Team
  • Community
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Participation in Governance

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Last updated 2 years ago

FNCT holders may participate in governance (voting activities) to develop the FNCT economy with their FNCT holdings and exercise their right to vote on decisions. This governance is managed by Ethereum, or a smart contract compliant with Ethereum (EVM), and all FNCT owners staking FNCT (see for details) can participate in the governance.

For voting resolutions, we are considering proposals for additional functions/improvements and budget execution for marketing and other related activities.

Examples of Voting Resolution2^22

  1. Resolution to determine principles and services for a new rewards program that uses the community budget by selecting from several proposals

  2. Pros and cons of welcoming potential marketing partners

  3. Selecting a proposal to improve the method of determining active community ranking in the community token holding (mentioned below)

The drafting of the voting resolution will be conducted on an irregular basis, and FNCT holders will be notified in advance via communications including the FiNANCiE website and SNS. The number of FNCT held determines the weight of one’s voting right regarding the agenda of the resolution.

With FNCT, FiNANCiE will gradually incorporate elements of a decentralized organization of FNCT holders. In the early stage, the FNCT economy will be driven by the project team. But as FNCT is distributed among the community, the central role of governance will shift to the community (as demonstrated in the release of allocation and market distribution volumes described below).

2^22There is no commitment to draft these agendas in the actual governance.

FNCT staking