In the early stages of a company (when it is small), the company's development path strongly depends on the ability of the "boss". The boss's decision-making and leadership style will play a crucial role.
However, as the company's business gradually stabilizes and expands, the boss's influence will gradually weaken.
This is also true in Web3, so we can see many projects setting up DAOs (decentralized autonomous organizations) and handing over governance and planning to the community.
Aethir has also taken this step - decentralized governance!
Aethir is a decentralized cloud computing infrastructure project, whose tracks include but are not limited to #DePIN , #AI and #云计算 . Under the current token model planning, Aethir also involves DeFi. These wide coverage areas make Aethir's prospects broader.
The common operating mode of decentralized governance is that governance members adopt and launch proposals, and community members vote based on their token holdings to ultimately decide the direction of the project. The result of the election is the result of everyone voting with funds, but this method may favor large holders. However, Aethir's governance model addresses this problem through innovative design.
When introducing Aethir some time ago, Happy mentioned the flywheel effect of internal and external dual circulation brought about by the veATH token governance model.
The inner loop means that when voting, if the big players want to choose a result that is favorable to them, they must participate in the lock-up and pledge. Even if the final result is biased towards the big players, the big players will not be able to sell because the tokens are locked. If the big players find that a certain choice is not favorable to them, they will also lock the tokens to participate in the vote, thereby locking more tokens. The ideal situation is that an extremely attractive and controversial governance plan will cause everyone to buy tokens from the market to lock up and vote, causing the token price to soar!
In terms of external circulation, Aethir's future development strategy is to "cooperate vertically and horizontally", that is, to continuously increase cooperation with external projects, making $ATH a common asset of other projects, thereby expanding its influence and scope of application. Through this strategy, Aethir will achieve broader ecosystem cooperation and enhance the overall value of the project.
So, is Aethir's announced "decentralized governance" just a simple upgrade of veATH? The answer is no. Aethir's governance is customized according to its characteristics and serves the needs and interests of the community.
According to official information, decentralized governance will be steadily promoted and divided into four stages: "development", "community education", "testing" and "formal". Among them, the "community education" stage is particularly important. Aethir plans to conduct educational courses and seminars to cultivate community members' understanding and participation in governance. In this way, Aethir will enhance the sense of participation and responsibility of community members and ensure the actual effect of decentralized governance.
The Governance Committee is the first layer of screening for decentralized governance solutions, and is composed of three parties: "computing power providers", "node validators" and "ATH stakers". These three parties are the core of Aethir and none of them can be missing. The jointly formed structure avoids the bias of interests to one side and realizes the separation of powers. (Computing power providers are the core of decentralized cloud computing business, node validators ensure the security and performance of the network, and stakers are shareholders)
Ultimately, it is the $veATH holders who vote and play an important role in decentralized governance. In this way, Aethir can ensure that the direction of the project is in line with the collective will and long-term interests of the community.
The above three parties represent the community, the core of Aethir's business operations and the majority of coin holders. In decentralized governance, they will use their own interests to plan Aethir's development path, and their interests are the interests of Aethir.
In the Aethir event a few days ago, one of the topics was about the community, and the welfare section of the event also prepared rich rewards for community partners. This further reflects Aethir’s emphasis on and support for the community.
It can be foreseen that when decentralized governance advances to the testing phase, Aethir will have an active and sticky community, and community culture has always been the charm of Crypto!
