While most cryptocurrency projects are satisfied with having token holders, some allow holders to participate in how they conduct business. ETHi believes that every token holder has great ideas, and we want to hear from you through our Governance options.
Let’s check how governance works and how you can be an active part of the ETHi project.
What is Governance in Crypto?
Governance, in the crypto world, refers to the ability of token holders to participate in the project’s decision-making process. This includes making proposals and voting on them, influencing how the crypto project pushes forward. The governance feature of a crypto project gives it a distinct edge over traditional companies, where only a select few can make decisions based on their position.
To participate in governance, crypto projects usually offer governance tokens as part of joining their project. While similar to utility tokens, governance tokens have the specific function of submitting and voting on proposals.
How ETHi’s Governance Works
ETHi lets you participate in developing the project by creating and voting on proposals. Holding ETHi tokens means you have the power to make suggestions on how we conduct the ‘Decentralized Common Sense’ philosophy.
To access ETHi’s Governance option, simply go to the ‘Governance’ option on your Ijara DAO app and fund the wallet with your ETHi tokens. Each ETHi token is equal to a G-ETHi token, which will be used to submit and vote on proposals.
Submit Proposals
Creating a proposal for everyone to vote on via the Ijara DAO app is quick and easy! Just tap on ‘Create Proposal’, enter all the necessary information, and submit the proposal. Once submitted, it will appear under ‘Active Proposals’.
You can also add some documents to your proposal to give more insight and encourage peers to vote.
Vote on Proposals
Check ‘Active Proposals’ to see which ones you can vote for. Tapping on a proposal will show the details, giving you more information before making a decision.
Each G-ETHi token is considered as one vote for the proposal – and you can vote on any proposal as many times as you want.
Once it gets a certain number of votes, it’s approved and will be implemented as part of the project.
Revolutionizing Homeownership with ETHi Governance
ETHi was born out of the passion to provide those shunned by traditional mortgages with the opportunity to own a home through Decentralized Common Sense. Through ETHi’s Governance option, we encourage token holders to be actively involved in the project by making policies that will better the project.
Be part of the revolution – Download the Ijara DAO app today and buy ETHi Tokens!
