WaykiChain, Community Governance.
First of all a cordial greeting to all the academic and scientific community of Steem, in the present opportunity I come to talk about the choice and the StableCoins of the cryptocurrency called WaykiChain, which has one of the best protections as well as one of the most stable Coins in the market.
![](https://steemitimages.com/640x0/https://i.postimg.cc/XJShmYyf/1.jpg)
Public Domain Image taken at: PixaBay
Community Governance
In the WaykiChain platform, it is noted that in order to receive the stable rates and penalties, the Governor plays a vital role in the stablecoin system and maintain the stable operation of the system. WGRT is the governing currency of WUSD, and the incumbent user of WGRT is the Governor of the system. Supernodes will control the parameters of operations and can even change the rules of system operation.
Unlike other stablecoins in terms of smart contracts, WUSD is the underlying public stablecoin chain, which is an integral part of the WaykiChain ecosystem. To ensure the economic connection between the governors of WICC and WGRT, participants vote in WaykiChain's election supernodes will receive a reward from WGRT. This demonstrates that WaykiChain supernodes play an essential role in the stablecoin system. Any governor who complies with the rules of the system can submit a proposal. Whether or not such a proposal will be approved and implemented will be decided by voting.
![](https://steemitimages.com/640x0/https://i.postimg.cc/QCPcYHFs/2.jpg)
Public Domain Image taken at: PixaBay
Governance by vote
In addition, all WGRT holders may participate in the governance of the entire stablecoin system. Qualified proposals will be put to a vote, and all WGRT holders will be able to vote to determine whether such plans will be approved and implemented. The suggestions mainly concern the setting of system-wide parameters, such as the interest rate and penalties.
Submission of proposals
Any WGRT holder may submit proposals. A proposal can only become a qualified plan when the applicable WGRT lock-in requirement is met.
Qualified proposal - a proposal that corresponds to a minimum of 210,000 WGRT locked in the voting system voting system will be converted directly into a qualified proposal and voted on thereafter.
Voting Process
A suitable proposal will have a voting period of one week. During this period, WGRT holders will be able to vote on the plan, and one coin will represent one vote. Unitholders will have three options, namely "Accept", "Do not accept" and "Abstain".
Image Source
![](https://steemitimages.com/640x0/https://i.postimg.cc/Zq0Vr15R/Firma-Steem.jpg)