Transition to Decentralized Governance

The $SPARQ ecosystem is committed to gradually decentralizing its governance. This transition is planned in multiple phases to ensure a smooth shift of authority from the centralized foundation to the broader community of token holders.

Phase 1: Centralized Decision-Making

  • Strategic Oversight: The BOD and/or BOA (tbd) make key strategic decisions, including major partnerships, funding allocations, and platform developments.

  • Operational Management: Day-to-day operations and tactical decisions are managed by the foundation to maintain consistency and efficiency.

Phase 2: Introduction of Community Proposals

Future of France Foundation will develop a community proposals process based on best practices that balances the need for community involvement, transparency, compliance, the health of the ecosystem, and resources for implementation.

Phase 3: Enhanced Community Involvement

  • Delegated Voting: To streamline decision-making, token holders can delegate their voting power to trusted representatives or experts within the community.

Last updated