title: "Governance" order: 6

Governance Mechanism

$CD token holders play a crucial role in the decision-making process of the Cadastry network through its governance mechanism.

Governance Responsibilities

Token holders can participate in:

Approving and managing verification and certification bodies
Managing current and future document standards
Adjusting reward levels and fee structures
Voting on network upgrades and policies

Voting Power

Voting power is proportional to the number of $CD tokens held or staked. This ensures that those with the most stake in the network's success have a corresponding say in its direction.

Importance of Community Governance

Community governance fosters a sense of ownership and engagement among token holders, aligning the interests of the network's users with its long-term development and success.

Governance Process

Proposal Submission

Any token holder can submit governance proposals
Proposals must meet minimum requirements for consideration
Clear documentation of proposed changes is required

Voting Mechanism

Token holders can vote on active proposals
Voting period lasts for a predetermined time
Votes are weighted based on token holdings and stake

Implementation

Approved proposals are implemented according to specified timelines
Changes are executed through smart contracts where applicable
Network participants are notified of upcoming changes