/1
I was listening to this new podcast and I was quite intrigued by the way how these guys explained to make some $$ through participation in the governance process.
ππ½π§΅
I was listening to this new podcast and I was quite intrigued by the way how these guys explained to make some $$ through participation in the governance process.
ππ½π§΅
/2
A major selling point of decentralization is giving governance power back to the users but weβre seeing that a lot of that isnβt happening nowadays. A lot of token holders only care about βnumba go upβ.
A major selling point of decentralization is giving governance power back to the users but weβre seeing that a lot of that isnβt happening nowadays. A lot of token holders only care about βnumba go upβ.
/3
To be up-to-date about a certain project that youβre following, check out the governance forum. Youβll see some updates, thoughts and proposals that the majority of holders donβt even knew would be possible. This can give you some insight and alpha.
To be up-to-date about a certain project that youβre following, check out the governance forum. Youβll see some updates, thoughts and proposals that the majority of holders donβt even knew would be possible. This can give you some insight and alpha.
/4
A governance token allows you to vote on proposals and allows you to steer a project in a certain direction. But this isnβt the only benefit, voting on proposals makes you eligible for potential future benefits such as #airdrops.
A governance token allows you to vote on proposals and allows you to steer a project in a certain direction. But this isnβt the only benefit, voting on proposals makes you eligible for potential future benefits such as #airdrops.
/5
Really loved how @dfcgod framed this: 'Buy your piece of the business and then help the business by writing proposals'. If you have a minor stake in the business, help the team out and grow their business.
Really loved how @dfcgod framed this: 'Buy your piece of the business and then help the business by writing proposals'. If you have a minor stake in the business, help the team out and grow their business.
/6
If the team grows their business, your stake in the project will grow with it as well and this is a win-win situation for both you as a token holder and the project. If you're seeing that the project is doing pretty well you might even wanna double down your stake?
If the team grows their business, your stake in the project will grow with it as well and this is a win-win situation for both you as a token holder and the project. If you're seeing that the project is doing pretty well you might even wanna double down your stake?
/7
Participate in the governance process by writing a proposal, it requires you to know the inner mechanics of a project and after writing the proposal youβll be receiving some valuable feedback.
Participate in the governance process by writing a proposal, it requires you to know the inner mechanics of a project and after writing the proposal youβll be receiving some valuable feedback.
/8
The result of a good proposal could put you into close contact with the team which, of course, has its own benefits such as access to (valuable) information and interesting contacts which will have a self-enhancing effect if done properly and multiple times.
The result of a good proposal could put you into close contact with the team which, of course, has its own benefits such as access to (valuable) information and interesting contacts which will have a self-enhancing effect if done properly and multiple times.
/9
Credits to the chads @dcfgod & @SmallCapScience for sharing their insights and experience on this one. I find their whole podcast interesting but especially this part of their podcast 'Marketcapping' is interesting and definitely looking forward to the next episodes!
Credits to the chads @dcfgod & @SmallCapScience for sharing their insights and experience on this one. I find their whole podcast interesting but especially this part of their podcast 'Marketcapping' is interesting and definitely looking forward to the next episodes!
/10
Found this thread interesting? Give this thread a:
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To stay up-to-date for #DeFi, crypto strategies & other #crypto related content.
Found this thread interesting? Give this thread a:
- Likeβ€οΈ
- RTπ£
- Follow @Awinish_M
To stay up-to-date for #DeFi, crypto strategies & other #crypto related content.
/11
Iβd really love it if you could help me by retweeting the first tweet so we can reach more people!
Iβd really love it if you could help me by retweeting the first tweet so we can reach more people!
https://twitter.com/Awinish_M/status/1555869757248880640?s=20&t=m2-yMyUL0N8sIZnG7T7G8g
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