Governance

Last modified Aug 1, 2022
Governance
 

In addition to being a platform to securely exchange information, carry out transactions, and explore the DApp world, Ready is also an ecosystem that empowers users. They can have a say in the direction of the product development and other decisions made in the ecosystem.

One main purpose of RYT creation is for Ready users to express their opinions and choices by making proposals and voting on proposals. A particular deposit of RYT is required for making a proposal, and the amount of RYT a user holds can represent the voting power of that user. It should be noted that these processes do not cost RYT.

Parameters of a proposal can affect its length and execution. A more critical proposal needs more voting time and a higher vote differential; normally, it also takes longer to be implemented.