Voting Rights Management

Governance in Echobay is primarily conducted through token-based voting, where ECH token holders can propose, debate, and vote on various aspects of the platform. This includes decisions on new features, changes to the token economy, and strategic partnerships. The number of tokens held correlates with the voting power, ensuring that those who are invested in the platform have a significant say in its direction.

Holders who stake 1 ECH token in the DAO staking pool for 1 year will empower 1 voting right. Voting right will decrease linearly as time goes. Holders can choose the staking period as they want from 1 day to 365 days.