Governance

Overview

ILLUVIA employs sophisticated decentralized governance and operates in an autonomous decentralized manner through the use of tokens.

It is designed as community-driven on-chain governance. Specifically, ILLUVIA uses an indirect democratic approach that combines decision-making by a referendum and a council. The council is independent of the token holders and composed of members elected and delegated by the community. This governance mechanism keeps the legitimacy of decision-making while maintaining decentralization.

Principle

ILLUVIAโ€™ governance is designed with the following three principles.

1. Simplicityโ€‹

Complex governance mechanisms lead to a lower turnout of voters and make it less robust. Therefore, the design should be simple to make it easy for token holders to participate in governance.

2. Legitimacyโ€‹

It is difficult to confirm the legitimacy of a decision without incorporating an evaluation by experts or knowledgeable people in the decision-making process. ILLUVIA creates legitimacy in decision-making by indirect democracy.

3. Efficiencyโ€‹

The decision-making process takes time. Even if it takes time, most decisions should be carefully made by voting. However, some decisions need to be resolved quickly, such as when a critical bug is found on the network. Therefore, it is necessary to design an efficient system that can respond flexibly without significantly compromising decentralization.

Decision-making Bodiesโ€‹

1. ILLUVIA Token Holdersโ€‹

Any holders of ILLUVIA tokens can participate in decentralized governance. There are two ways to participate: proposal and voting.

2. Councilโ€‹

The council is composed of members elected and delegated by the community. It is mainly responsible for submitting council proposals and approving public and technical proposals. The maximum number of council members is twenty-one, and their term of service is two years.

3. Technical Committeeโ€‹

The committee comprises members who developed ILLUVIA. The people who excel at certain technologies are selected by the council. In case of emergencies, the committee is responsible for fixing bugs following the technical proposal. Same as the council, the committee members can be added or removed by a majority council vote.

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