Governance mechanism

Our governance mechanism is based on a decentralized autonomous organization (DAO) model, which enables our community to propose and vote on various proposals related to the project's development and direction. This allows for a transparent and democratic decision-making process, ensuring that the project remains aligned with the needs and wants of our community.

The DAO is governed by the BT token holders, who have the right to propose and vote on various proposals. Proposals can range from changes to the collateralization ratio, adjustments to fees, and new features or functionalities. Once a proposal is submitted, it undergoes a discussion period, where community members can provide feedback and suggestions. After the discussion period, a vote is held, and if the proposal receives a majority of the votes, it is implemented.

Our decentralized governance mechanism ensures that our project remains community-driven and transparent. By empowering our community to participate in the decision-making process, we can ensure that our stablecoin remains a secure and stable store of value in the decentralized finance space.