Community & Governance

Clonely aims to become fully decentralized over time. As the p matures, we see refined on and off-chain voting systems coupled with on-chain execution, proving that even the most significant blockchain projects can become decentralized. That is the future of organizational structures we believe in.

Many on and off-chain governance solutions are available for EVM-compatible chains like Aragon, DAOStack, Colony, Compound Governance, and others. Snapshot is one of the most popular and fully integrable. Clonely may use Snapshot for its community engagement in platform governance and connect with Gnosis Safe for immediate on-chain execution.

Gnosis Safe is a trusted and popular platform for managing digital assets on Ethereum.

The community pool is part of our plan to decentralize Clonely. Clonely could regularly provide funds to the community pool, which may be funded with a fraction of the fees collected on platform transactions described in the token buybacks chapter. The pool may be managed through a Gnosis Safe multisig account and direct on-chain execution of voting results from Snapshot.

The community pool aims to encourage the community to participate in Clonely's decentralization and help develop local social communities by funding projects with potential development benefits for the whole community.

At first, the Clonely community might have a certain degree of influence over the allocation of funds within the community pool and may gain additional power with time and Clonely token decentralization.

The usage of community funds may be subject to voting or other opinion-gathering mechanisms. It could also be used to burn tokens and fund proposed projects if it is beneficial for developing and adopting the Clonely platform. At first, Clonely could implement certain limits on the community's power. Those limits are outlined in the chapter on token burning.

If a token holder does not want to participate in the voting process, they may be able to delegate their voting rights to another user. Experts and leaders will arise within the community through their engagements and reputations. Such individuals could receive delegations from the general community.

Up to 10% of the community funds could be set aside to incentivize users to vote if needed. These funds may be distributed to every wallet that participated in the voting process, according to the tokens they spent to vote. It could be done automatically through an on-chain management service like Gnosis Safe.

The amount of tokens set aside for voters can be adjusted to maintain fairness and sustainability. The reward must be enough to incentivize participation without depleting the development funds treasury. It must be clear that voting is a right and obligation to help a greater cause.

If applicable, the same process applies to voting about token burning.

Governance is a significant part of the Clonely platform and a major token use case. It will help us build a great community, incentivize token holding and support a wider token adoption and decentralization.