Governance
To promote decentralized community governance for the network, ALT would allow holders to propose and vote on governance proposals to determine future direction of the game, features, upgrades, and/or parameters of ArchLoot, or provide feedback, with voting weight calculated in proportion to the tokens staked.
The right to vote is restricted solely to voting on features of ArchLoot; it does not entitle ALT holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors or similar bodies of these entities, or determine the development direction of these entities, nor does ALT constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership.
It is the community members which would maintain and drive development of ArchLoot, so ALT incentives would need to be distributed to promote enthusiasm for community governance, increase community activity, and compensate them for their time, expertise and effort. Only users who have participated in submission of proposals, commenting, reviewing and/or voting will be entitled to receive ALT token governance rewards. For the avoidance of doubt, the community does not have legal control over any matters relating to the Company (or any of its affiliates) or any of its assets, or any of its affiliated companies (including without limitation the selection of governing board of the relevant company, over corporate matters, development direction, specific projects, or deployment of that company's assets, which shall be the final responsibility of the governing board of the relevant company).
Last modified 4mo ago
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