Kriptoks

The ARCx Governance Token is a crucial component of the ARCx protocol that serves as the governing mechanism for the ecosystem. Its primary function is to align incentives among various stakeholders, promoting sustainable growth and fair governance.

Currently, ARCx token holders can vote on expenditure from the treasury, enabling them to play a role in the development of the ecosystem. In the future, ARCx token holders will be able to vote to receive cash flows generated from the network and participate in native on-chain governance to upgrade the protocol itself.

The first step in on-chain governance of ARCx is the community forum, which serves as a hub for open discussions and collaborations. Here, stakeholders can propose new ideas and engage in productive debates that can lead to the creation of an ARCx Improvement Proposal (AIP). This proposal undergoes several stages, starting from a Work-in-progress (WIP) proposal to a final AIP version that can be voted upon by the community.

The ARCx DAO encourages everyone to create an account on the ARCx community forum and become actively involved in the governance process. By participating in discussions and proposing innovative ideas, stakeholders can contribute to the ecosystem's growth and help shape its future.

In addition to being a governance mechanism, the ARCx Governance Token has several other benefits for token holders. For instance, holders can earn rewards by staking their tokens or providing liquidity to the ecosystem. These rewards are essential in promoting continued growth and incentivizing users to hold and use the token.

ARCx Governance Token is a valuable asset that provides opportunities for token holders to participate in the governance of the ecosystem. With its focus on fairness and sustainability, the ARCx protocol is well-positioned for continued growth and success. By leveraging the power of community engagement and collaboration, the ARCx DAO is committed to achieving its goals and creating a vibrant and robust ecosystem for all stakeholders.