📔Governance

The governance rights of zkDX are vested in zkDX DAO, empowering the community and ecosystem to participate in decision-making through the voting power of $esZKDX holders. $esZKDX holders have the ability to initiate proposals and vote on various matters that impact zkDX, including fee adjustments, revenue distribution, ecosystem collaborations, and more. This ensures decentralized governance and active involvement of $esZKDX holders in shaping the future of zkDX.

As a protocol built entirely on decentralized principles, community participation is crucial for the development of zkDX. Similar to many decentralized projects, governance rights in zkDX belong to the community, playing a vital role in decision-making and determining the project's direction. In the early stages, zkDX will adopt a decision-making mechanism resembling representative democracy. The community will select individuals with relevant expertise as community representatives, forming a committee with relatively higher decision-making power. The zkDX team will also be members of this committee. This approach, compared to pure community voting, facilitates decision-making that aligns with the long-term development of zkDX. As the project evolves, zkDX will flexibly adjust the decision-making mechanism, aiming for broad representation while ensuring professionalism and the project's long-term interests.

Furthermore, zkDX has a community-based mechanism for discovery, decision-making, and execution of forward-looking ideas and technologies. In zkDX's Tokenomics, a dedicated portion incentivizes the community to provide innovative ideas and suggestions. These ideas undergo community discussion and voting, and the team implements them. Even if these ideas are not ultimately adopted, the proposers still receive incentives. This mechanism fully stimulates community creativity and engagement, benefiting both the community and the zkDX protocol itself.