Waggle
Search…
πŸ›
Governance

About

In our governance system, we seek to empower the Waggle community by allowing the community to vote for the projects they want to be featured on Waggle Market. The Waggle community will evaluate the projects based on our Waggle rubrics (see below).
The first phase of the Governance will be a mix between a centralized solution and blockchain voting. There will be a centralized application, where users can sign with their wallet and cast a vote. Votes are aggregated in the database of the application.
We will slowly convert this to fully decentralized application with on-chain voting. By releasing a semi-decentralized solution first, we will capture community engagement at launch. The vote-weight of a user is based on the amount of WAG tokens the user has at the time of casting the vote.

WAGGLE RUBRICS

Community can evaluate projects based on the 9 metrics on our Waggle Rubrics 1. Team:
  • Background and crypto experience of founders.
  • Number of full time staffs
2. Technical Breakthrough: How revolutionary and practical is the idea i.e. is there a product-market fit?
3. Market Making: Who are the market makers? On CEX, DEX or both?
4. Community:
  • Community Strength (Discord, Telegram, Twitter)
  • Regional Exposure (eg.APAC, Oceania, EU, etc.)
5. Tokenomics: Are the tokenomics designed to be value creating and retaining for the protocol?
6. Investors & Advisors: What are the profiles of the investors? Are the backers known to be value-adding?
7. Project Information:
  • Token Utility - are there strong incentives to utilise the tokens?
  • Project Roadmap - are they realistic and progressive?
  • Partnerships (With other projects, VCs, Exchanges)
8. Seller’s Credibility:
  • Reputation in the space - any poor records or red flags?
  • Are the distributed tokens connected to their address?
9. Total Score
The 9 metrics on our Waggle Rubrics
Last modified 3mo ago
Copy link