👨‍👩‍👧‍👦Governance & Community

Decentralized Governance

$ELF is committed to promoting decentralized governance, enabling token holders to actively participate in decision-making processes, propose changes, and contribute to the project's development. The ELF governance model is based on a system of proposals and voting, where token holders can submit proposals for improvements, changes, or new initiatives. These proposals are then voted on by the community, with the outcome determined by the majority consensus.

Community Engagement

A strong and engaged community is crucial to the success of the $ELF project. To foster a sense of belonging and encourage active participation, ELF will implement various community-building initiatives, such as:

• Regular community updates and AMAs (Ask Me Anything sessions)

• Creative contests and airdrops, rewarding users for their contribution to the project's meme culture

• Collaboration with other projects and initiatives within the Cosmos ecosystem

• Encouraging feedback, ideas, and suggestions from the community

Voting and Proposals

The voting process for $ELF governance proposals will be transparent and straightforward. Token holders will be able to vote on proposals by staking their $ELF tokens, with the weight of their vote proportional to the number of tokens staked. Once a proposal reaches a predetermined quorum and receives a majority approval, the proposed change or initiative will be implemented by the project team.