💠Governance and Voting Rights

The governance model of the Copycat DAO platform is designed to give both token holders and community members a say in the decision-making process. There are two types of voting mechanisms:

  • CCD token holder voting: This is done through the use of snapshot voting. CCD token holders can vote on matters such as taxation, distribution of tokens, and other platform-related issues.

  • Merit-based voting: This type of voting is conducted through the Copycat platform and is based on the expertise and knowledge of community members. Members with high merit scores are eligible to vote on matters such as selecting the right master trader and strategies for copy trading initiatives.

Both voting mechanisms are essential in ensuring that the DAO operates in a transparent and decentralized manner, where the opinions of all community members are heard and taken into account.

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