Developing a Transparent and Open Governance System
Introduction
One major reason organizations and institutions are incorporating blockchain technology into their system and operations is that it creates a transparent and accountable platform. Blockchain technology is an innovative network that helps businesses, service providers, and agencies to eliminate the presence of centralized governance of processes within such establishment. This sole authority of an individual or group of persons leads to monopolistic decisions and policies directed at solely creating benefits for such individuals or groups to enrich and fund themselves, at the detriment of the public. As a decentralized finance (DeFi) platform, Dego is resolute to build a network that will focus on removing this monopoly within the financial systems, which is part of the reason for the financial crisis and the wealth gap between the rich and poor. Dego is firmly developing a platform that encourages a transparent system and paves way for an open governance system, where every individual gets involved with key issues within the system.
Dego’s Plan
The management and founders of this amazing project intend to abolish the centralized system of government, which encourages the partial allocation of funds and resources, and the enactment of policies that are against the favor of the public. The objective of Dego to develop a transparent system adopts a decentralized governance system and promotes the inclusion of members of the community to be involved in the making of policies and the governance of the system. A quick analysis of the Bitcoin community shows that the network is strong, fostering the strength of the network, and ensuring the growth and success since its introduction. This success of Bitcoin is because of the decentralized system. Everyone in the community gets involved in the development of the network and contributes individually for the progress of the community; hence, this makes the destruction or disintegration of the Bitcoin network almost impossible.
The Dego DAO community will receive full control of the processes and activities within the network, once the development team completes the project. The community can authorize proposals and stake the Dego token for voting exercises, which will be the system of making decisions and determining the trajectory of the network. Dego remains dedicated to building a transparent platform such that the developers do not possess any right to pre-mine tokens; rather, they have to mine like other members of the community.
As an open governance system, the model of Dego emphasizes on promoting a platform where the community have access to vital information, deliberate on issues and get an understanding of the system, engage in the creation of rules and guidelines in the system, and become included in the implementation of policies in the system.
A transparent and open governance system is key to promoting mutual growth and development; this is the belief system of the Dego network. Encouraging decentralization and a democratic platform are the most preferred system to operate a DeFi project. Dego network believes that the members of the community can form a strong platform that promotes oneness, accountability, and the ability to have a collective consensus on discourses and proposed plans.
USEFUL LINKS
Website: https://dego.finance/home
Telegram: https://t.me/dego_finance
Twitter: https://twitter.com/dego_finance
Medium: https://medium.com/@dego_finance
Discord: https://discord.com/invite/xJjSJrd
Github: https://github.com/dego-labs
AUTHOR'S INFO
Bitcointalk Username: Trickbeauty
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767532
Proof of Authentication: https://bitcointalk.org/index.php?topic=5272474.msg55260802#msg55260802