Governance

LikeCoin is on Decentralized Governance

Not only is LikeCoin token a reward to creators and Content Jockeys, it also serves doubly as the governing token for the decentralized autonomous organization (DAO), namely the Republic of Liker Land.

Likers participate in liquid democracy by delegating their LikeCoin tokens to validators they trust, and freely switch among them without a fixed term of office. Issues such as default Content Jockeys, inflation rate and protocol updates require passing a corresponding proposal by the Republic.

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