Governance Mechanisms
Overview of Governance
Governance plays a critical role in shaping the future of the Rizenet blockchain by decentralizing decision-making and empowering the community. By integrating governance, we aim to create a collaborative platform where users, service providers, and stakeholders share a unified vision for institutional tokenization services.
Our vision is to position Rizenet as a leading hub for tokenization, fostering seamless collaboration and interoperability between participants. This interconnected approach not only benefits stakeholders but also amplifies the network effect, driving collective growth. Through a transparent and open governance model, we ensure that the voices of all participants are heard, and their needs are addressed. By harnessing the collective wisdom of the T-RIZE community, we aim to foster innovation, resilience, and decentralization in the ecosystem.
This inclusive governance framework empowers stakeholders to actively influence the evolution of the T-RIZE ecosystem, turning shared knowledge into a powerful driver of tokenization and decentralized growth.
Governance Use Cases and Limitations
The long-term goal of Rizenet’s governance is to decentralize and democratize tokenization technology, making it accessible to broader markets. This will be achieved by building an ecosystem of service providers leveraging Rizenet’s tokenization capabilities.
Examples of governance decisions include:
- Funding new projects to expand the Rizenet ecosystem.
- Supporting technological advancements to enhance the network's capabilities.
- Financing research and development for blockchain innovations and ecosystem growth.
- Incentivizing external projects to integrate with Rizenet.
- Distributing grants for community-driven projects that contribute to ecosystem development.
- Allocating liquidity farming rewards to stimulate network participation.
- Launching targeted marketing campaigns to drive user adoption.
- Conducting token swaps to align incentives with other networks and service providers.
For requests involving structural changes, it is essential to secure a legal opinion to ensure they do not unintentionally create a security token. Similarly, certain governance votes may require legal reviews to ensure regulatory compliance. The costs for these legal checks will be covered by the governance treasury.
T-RIZE Group’s Role in Governance
While governance mechanisms allow the Rizenet community to guide the network's future, the T-RIZE Group will maintain a distinct role. T-RIZE Group envisions itself as a key contributor to this open ecosystem, specializing in providing compliant tokenization services.
However, while the broader Rizenet ecosystem will be governed through decentralized mechanisms, the T-RIZE tokenization platform and its specific projects will remain centrally managed by the T-RIZE Group. The governance decisions described here apply to the broader ecosystem but not to the governance of T-RIZE's own services, which will continue to be directed by the T-RIZE Group to ensure regulatory compliance.
Examples of Positive Value Community Proposals for Rizenet Governance
Category | Proposal | Description |
---|---|---|
Ecosystem Growth | Listing $RIZE on Centralized Exchanges | Target high-volume exchanges to increase liquidity and visibility, aiming for listings on X major exchanges. |
Marketing Campaigns | Launch targeted campaigns across social media and crypto platforms to drive user adoption and engagement. | |
Expanding to New DEXs and Projects | Support new DEXs, projects, or blockchains to enhance liquidity and global reach. | |
Building Strategic Partnerships | Form key partnerships with technology providers to enhance ecosystem capabilities. | |
Community Engagement | Community Grants Program | Allocate $RIZE funds annually to community-driven projects that promote growth and innovation. |
Community Events | Host quarterly virtual events and an annual in-person event to strengthen connections. | |
Community Advisory Board | Form a 5-7 member elected board to provide feedback and guide development. | |
Loyalty Program | Reward users based on transaction volume and holding duration to promote long-term engagement. | |
Educational Resources | Develop an online hub with tutorials and webinars to reduce barriers for new users. | |
Development Incentives | Developer Fund | Allocate X $RIZE to fund dApp development over the next two years, prioritizing key dApp types. |
Bug Bounty Program | Reward critical vulnerability discoveries with $RIZE to ensure network security. | |
Onboarding Incentives for New Projects | Provide reduced fees and support for the first 50 projects integrating or tokenizing on Rizenet. |