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WalletConnect Network
@walletconnect
How does governance work on the WalletConnect Network? The Network is an enabler of decentralization, designed to support transparency and community involvement through an evolving governance structure powered by WalletConnect Token holders. 1️⃣ In the early stages, the WalletConnect Foundation stewards the Network's growth by supporting stakeholders through grants, protocol development, and partnerships. As the Network matures, governance responsibilities will gradually shift to the community. 2️⃣ Councils will play a key role in governance. Though not predefined by verticals, councils will oversee functions such as technology and infrastructure (Technical Council) or growth and partnerships (Partnerships Council). These councils will gain influence as the Network moves toward decentralization. (cont.)
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WalletConnect Network
@walletconnect
3️⃣ WCT tokenholders will have the power to vote on proposals and actively shape the Network’s future. The governance model is built to gradually shift more decision-making power to tokenholders as the ecosystem evolves. Governance will be implemented in phases: 1️⃣ The Foundation initially oversees key functions 2️⃣ Councils are established and gain responsibility 3️⃣ Full transition to a DAO, where tokenholders manage treasury and elect councils Learn more about how WCT governance works in the whitepaper ↓ https://whitepaper.walletconnect.network
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