Governance Overview
Token holders govern Fanbase through voting on protocol changes, treasury spending, and platform direction—true community ownership.
Your Platform. Your Rules.
$FAN token holders control Fanbase through decentralized governance. Vote on protocol changes, direct treasury spending, and shape the platform's future.
Governance Powers:
Protocol parameter changes
Treasury allocation ($150M)
Feature development priorities
Economic model adjustments
Real Power: This isn't governance theater. Token holders make binding decisions. Team implements community will. Platform serves holders, not executives.
What You Govern
Protocol Parameters
Economic Settings:
Fee rates for non-stakers
Staking reward adjustments
Emission curve modifications
Buyback/burn programs
Platform Rules:
Content moderation policies
Creator verification requirements
Payment processing rules
Multi-chain expansion decisions
Treasury Management
$150M Treasury Spending:
Marketing budget allocation
Partnership development
Developer grants
Operational expenses
Community initiatives
Large spends require community approval (e.g., >$100K threshold).
Feature Development
Roadmap Prioritization:
Which features built first
Resource allocation
Third-party integrations
Platform improvements
Community decides what matters.
Strategic Decisions
Major Changes:
Multi-chain expansion (add new blockchains)
Exchange listing approvals (CEX or DEX)
Major partnerships (strategic alliances)
Tokenomics adjustments (if needed)
Voting Mechanics
Voting Power: 1 Token = 1 Vote
Simple model:
Hold 10,000 $FAN = 10,000 votes
Hold 1,000,000 $FAN = 1,000,000 votes
No special classes or complex formulas. Straightforward ownership-based voting.
Who Can Vote:
Any $FAN holder (amount in wallet at snapshot)
Don't need to be staking (but staking recommended)
No minimum holding (1 token = 1 vote)
Proposal Process
Step 1: Submission (Day 1)
Community member submits proposal
Requires minimum $FAN holding (e.g., 100K tokens - anti-spam)
Includes description, rationale, execution plan
Step 2: Discussion (Days 2-8)
7-day discussion period
Community debates in forum
Amendments suggested
Sentiment gauged
Step 3: Voting (Days 9-16)
7-day voting window
Token holders vote Yes/No/Abstain
Real-time tally visible
Voting power = tokens held at snapshot
Step 4: Tally (Day 17)
Check quorum (10% of circulating must vote)
Check threshold (>50% yes votes required)
Result finalized
Step 5: Execution (Days 18+)
If passed: 48-hour timelock, then execute
If failed: Proposal archived, no action
Total timeline: ~18 days from submission to execution
Governance Parameters
Quorum
10% of circulating
Minimum participation required
Threshold
>50% yes votes
Simple majority
Voting Period
7 days
Time to cast votes
Discussion Period
7 days
Debate before voting
Timelock
48 hours
Safety delay before execution
Proposal Cost
100K $FAN held
Anti-spam mechanism
All parameters adjustable via governance itself.
Governance Examples
Example 1: Treasury Spending
Proposal: "Allocate $5M from treasury for creator acquisition marketing campaign"
Arguments For:
Drives platform growth
Attracts high-profile creators
Increases token demand
Arguments Against:
$5M too expensive
Organic growth better
Better uses for capital
Community votes. Majority decides.
Outcome: If >50% vote yes and >10% participate → $5M allocated. If no → Treasury preserved.
Example 2: Fee Adjustment
Proposal: "Reduce non-staker fee from 5% to 3%"
Arguments For:
More competitive with traditional platforms
Attracts users hesitant to stake
Increases transaction volume
Arguments Against:
Reduces platform revenue
Diminishes staking incentive
Race to bottom
Vote Result: Community decides platform economics.
Example 3: Multi-Chain Expansion
Proposal: "Deploy $FAN to Arbitrum network"
Arguments For:
Lower fees for users
Tap into Arbitrum ecosystem
More accessibility
Arguments Against:
Development distraction
Fragments liquidity
Focus better on Ethereum/Base
Community controls strategy.
Voting Rights Distribution
Community vs. Insiders:
Community: 600M tokens (60%)
Insiders: 400M tokens (40%)
Community has majority. Insiders can't unilaterally control.
What this means:
Insiders must convince community
Good proposals pass (aligned incentives)
Bad proposals blocked (community protection)
Power to the people.
Preventing Whale Manipulation
Concern: Single whale with 20% could dominate
Protections:
Need >50% to pass (no single entity has this Day 1)
Quorum requirement (10% must participate)
Timelock delay (community can react)
Multiple large holders balance each other
Future: Delegation
Small holders delegate votes to trusted members
Retain tokens, transfer voting rights
Increases participation
Revocable anytime
Off-Chain Voting (Gas-Free)
Snapshot Integration:
Vote off-chain (no gas fees)
Proves token holdings without on-chain transaction
Results published on-chain for transparency
Makes voting accessible to small holders
How it works:
Proposal created on Snapshot
You sign vote with wallet (free)
Snapshot verifies you hold tokens
Vote recorded off-chain
Result tallied and published
No gas fees = more participation.
Governance Activation Timeline
Phase 1: Foundation (Months 1-3)
Governance contracts deployed
Initial parameters set
Test proposals (non-binding)
Community practice voting
Phase 2: Soft Launch (Months 4-6)
Governance goes live (binding votes)
Start with low-risk proposals
Build community experience
Refine processes
Phase 3: Full Power (Month 7+)
All governance active
Treasury spending votes
Protocol changes
Strategic decisions
Gradual rollout ensures stability.
Treasury Oversight
$150M Treasury (15% of supply)
Governance Role:
Small Spends (<$100K):
Team executes (operational flexibility)
Monthly reports published
Community monitors
Large Spends (>$100K):
Requires governance proposal
Community votes yes/no
If approved: Team executes
If rejected: Funds stay in treasury
Emergency Spends:
Multisig can act quickly (security issues)
Community notified immediately
Retroactive vote (community can override)
Transparency:
All treasury movements on-chain
Monthly spending reports
Wallet addresses public
Auditable by anyone
Your Governance Responsibilities
As Token Holder:
1. Stay Informed
Read proposals carefully
Participate in discussions
Understand implications
Vote on every proposal
2. Vote Your Interests
Support good proposals
Reject bad proposals
Think long-term (not just short-term price)
Protect community
3. Hold Team Accountable
Monitor treasury spending
Verify execution of passed proposals
Raise concerns publicly
Use governance to correct course
Governance requires active participation.
Governance Best Practices
For Voters
Do:
✅ Research proposals thoroughly
✅ Participate in discussions
✅ Vote on every proposal
✅ Think long-term
✅ Verify execution
Don't:
❌ Vote blindly (DYOR)
❌ Skip governance (your voice matters)
❌ Only focus on price (governance ≠ trading)
❌ Trust team blindly (verify decisions)
For Proposal Authors
Create Good Proposals:
Clear objective (what you want)
Strong rationale (why it matters)
Execution plan (how it works)
Risk analysis (what could go wrong)
Cost breakdown (if spending required)
Engage Community:
Pre-proposal discussion (gauge sentiment)
Respond to feedback (improve proposal)
Build consensus (convince skeptics)
Good proposals pass. Bad proposals fail. That's how it should work.
Governance Protections
Against Team Abuse:
Community can block bad team proposals
Treasury spending requires approval
Protocol changes need votes
Multisig removable via governance
Against Whale Manipulation:
Need >50% to pass (no single whale)
Quorum requirement (can't pass with 3% turnout)
Timelock delay (48 hours to react)
Community can organize against whales
Against Spam:
Proposal cost (100K $FAN required)
Discussion period filters bad ideas
Community downvotes waste of time
Balanced system protects all parties.
The Governance Advantage
Why Fanbase Governance Wins:
vs. Traditional Platforms:
Traditional: Company decides unilaterally
Fanbase: Community votes
vs. Other Crypto Projects:
Others: Governance theater (founders control majority)
Fanbase: Real power (60% community allocation)
vs. No Governance:
Others: Trust team forever
Fanbase: Verify and vote
Bottom Line: Governance isn't a feature—it's the foundation of community ownership. You don't just hold $FAN. You control Fanbase. Vote on changes. Direct the treasury. Shape the future.
This is what decentralization actually means.
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