Governance

EarnPark has followed the Lean Startup approach, prioritizing product development based on continuous user feedback and iterative testing. This method reduces launch costs and accelerates development, ensuring solutions are well-aligned with user needs.

As the platform transitions to a web3 model, EarnPark focuses on rewarding contributions and amplifying the community's voice. Traditional financial systems often limit user influence, but EarnPark aims to decentralize decision-making by enabling PARK token holders to participate directly in governance.

The PARK token grants holders voting rights on key platform decisions, with voting power proportional to the number of tokens held. To ensure fairness, quadratic voting will be used, allowing smaller stakeholders to have a meaningful impact. As the cost of additional votes increases quadratically, the system discourages disproportionate influence by larger holders, promoting a more balanced governance process.

Further details on the governance system and voting mechanisms will be provided later. These aspects remain To Be Defined (TBD).