📢Problems Statement

Challenge

Currently, governance in blockchain-based communities or DAOs is often based on token ownership, or relies on limited metrics such as simple participation counts, which leads to the following problems

1

Wealth and purchasable influence

People with large amounts of tokens wield undue influence, and can buy decision-making power with money, such as by lending tokens. This can lead to decisions being made by "whales" with short-term interests rather than the long-term interests of the community.

2

Vulnerable to Sybil attacks

Even one-person, one-vote systems are vulnerable to Sybil attacks that skew votes by creating multiple accounts, and centralized authentication is limited in Web3 environments.

3

Non-recognition of contributions

Simple voting structures do not reflect past contributions or expertise, which can lead to dilution of expertise and disincentivize skilled members from participating, as those who have contributed to the community have the same voting power as those who have not.

4

Subjectivity and opacity

Reputation points are awarded manually or evaluated by moderators, which can be subjective and opaque, opening the door to disputes