Governance

The Gensyn Ecosystem will be governed by the following entities after the token generation event (TGE).

Gensyn Limited will oversee the technical development of the protocol.

The Gensyn Foundation will steward the protocol into the future and will coordinate its development.

The Gensyn Foundation will be governed by an elected council. Governance decision making will be based on on-chain proposals and voting. The initial members of the council will consist of core members of Gensyn Limited and the early community.

As time progresses, initiatives are planned to decentralize the council.

The Gensyn Foundation will oversee a treasury used to develop the protocol by funding the protocol's development and ecosystem initiatives. The treasury will primarily be funded via task fees.

Token holders will be able to participate in Gensyn's governance process.