🗳️Governance

Fishnet is a Decentralized Autonomous Organization

The FNET token serves a dual purpose within the Fishnet ecosystem. Not only is it the native currency required for hosting data and using the Fishnet API, but it also acts as a governance token. FNET token holders have the ability to participate in the decision-making process of the Fishnet network.

Proposals

Fishnet's governance model is designed to be decentralized and community-driven. Anyone holding at least 1 Million FNET tokens can propose changes or improvements to the Fishnet network, and these proposals are voted on by the community using the SPL Governance (or "Realms") program on Solana. FNET holders can either vote directly on proposals or delegate their voting power to trusted representatives.

This governance model ensures that the Fishnet network is responsive to the needs of its users and remains adaptable to changing market conditions. It also incentivizes token holders to participate in the growth and development of the network, as their voting power and stake in the ecosystem are directly tied to the value of their FNET holdings.

Fishnet's governance model is open and transparent, and the decision-making process is publicly auditable. This ensures that the network is accountable to its users and that decisions are made in the best interest of the entire community. As the Fishnet network grows and evolves, the governance model will continue to be refined and improved based on the feedback and input of the community.