BETChain is at the forefront of decentralization, empowered by a diverse network of validators dedicated to fostering an open and collaborative environment. In its initial phases, ecosystem development was steered by a collective of influential stakeholders and community leaders, laying the groundwork for a fair distribution of voting power. This strategic foundation ensures that BET tokens circulate widely, mitigating centralization and nurturing a community enriched with experience, commitment, and the expertise necessary to assume greater governance responsibilities.
As our community has matured and demonstrated readiness, we are thrilled to unveil a transformative shift towards decentralized ecosystem development through a meticulously crafted hybrid DAO model. This innovative framework is specifically tailored for the BETChain community, designed to address and overcome the challenges commonly faced by traditional DAOs.
Leveraging AI for Enhanced Proposal Quality
The BETChain ecosystem development fund, initially established with a substantial allocation of 10 billion BET tokens, will release 250 million tokens annually to support network initiatives. Moving forward, governance over this funding will transition increasingly to community consensus, representing a vital shift from centralized decision-making to a more democratic and decentralized process. Beginning in 2023, a portion of these funds will be dedicated to core protocol development, while the remainder will be allocated for community-supported projects. By 2024, the community will take full charge of the fund's annual allocation, distributing resources quarterly.
Acknowledging the transformative potential of AI in shaping technological landscapes, we have integrated advanced AI tools within our governance framework. This initiative aims to elevate the quality of proposals submitted within the BETChain ecosystem. By enhancing proposal creation processes, we increase their chances of approval and drive meaningful progress, ultimately boosting on-chain activities within BETChain.
