Governance

Here is an explanation of our governance model.

On-Chain Mechanism

Our project is committed to transparent and decentralized governance. To that end, we have implemented a hybrid on-chain/off-chain governance model that allows for both flexibility and accountability.

On the on-chain side, we utilize a decentralized autonomous organization (DAO) to make key decisions about the direction and development of the project. This DAO is made up of FITO token holders who can propose and vote on governance proposals using our native token.

Voting Mechanism

Every FITO token holder will have the same voting power as the others where every FTIO token is equal or 1 FITO = 1 Vote. Token holders can vote by connecting their wallet on the DAO site. This may present regulatory risks of being a security, but rest-assure that FITO is not a security and will not be presented and have the benefit of a security or stock ownership of FitOff.

Off-Chain Mechanism

Off the chain, we have a community council composed of experts in relevant fields and representative of the diverse interests of our community. This council serves as a resource for the DAO and helps to facilitate dialogue and discussion around governance proposals.

Overall, our governance model is designed to balance the need for quick decision-making with the importance of ensuring that all stakeholders have a say in the direction of the project. We believe that this approach will enable us to build a strong, sustainable, and fair crypto project that serves the needs of all of our community members.