Oikos: Creating wealth through decentralized governance
In all operational sectors and industries, administration and governance is a core section. For cryptocurrencies, a means of establishing financial freedom remains the goal. Thus, governance and in-program administration falls on individuals. The system guides the governance with some organized protocols.
Over the years of cryptocurrency operations, several governance mechanism have been utilized. The pioneer scheme was the proof of work system that was used in bitcoin. Other recent protocols include the delegated proof of work, proof of stake, MasterNodes. Notably, all the protocols have their strengths and merits in the overall system performance.
Arriving at network governance in Oikos
To understand Oikos and its governance, it is imperative to establish the mission of the system. The primary aim of the Oikos project is the creation of wealth for all it investors. By virtue of creating wealth, investors are expected to forward their ideas and viable business plans through documented proposals. The procedure is called the Oikos improvement proposal (OIP) which entails protocol descriptions, wealth idea creations and TRON contract specifications.
The governance scheme/OIP stages
WIP: this stage of the OIP involves the sales pitch. It is the sole channel to sell your idea as an investors. Generally, the proposal is its developmental phase in this stage. That said, proposing contributors must provide valid wallet addresses and other vital information as regards resource and contacts.
Proposing stage: The proposal is expected to have all needed information. It is the stage where the documented plans are sent into the system for consideration and further analysis. It is important for the project to be compliant with the norm of the Oikos improvement proposal.
Approval or rejection stage: After a proposal is submitted into the system, it is subjected to a proper analysis of the involved parameters. Projects can be accepted or rejected based on its viability and availability of funds. All contributing parties of the Oikos network are carried along to ensure there is enough scrutiny before accepting or rejecting each proposals.
Implementation stage: it can be described as the action stage of the OIP. After valid scrutiny, an approved project is released into the main Oikos community. It is the final piece of the puzzle of the wealth creation and governance scheme of Oikos.
Oikos will achieved a fully decentralized marketplace of wealth creation through its governance system. Thus, signalling the end to the legal and operational structure that tend to dictate the ways individuals use their funds and treasuries and other activities like grant allocation.
Furthermore, the centralized nature of the financial market does not present equal opportunities. This makes is impossible for the poor individuals with proper ideas to earn a shot at creating wealth. However, with a system like the OIP, users can present business plans without being held back by their economic or social statuses.
Conclusion
With Oikos, everyone can become financially free. With a workable business idea, you can earn a thorough support for your contents. The governance scheme also ensures you are in total control of your funds. As a crypto enthusiast and investor, Oikos should be top of your investment bucket list.
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