Our Web3 strategy is to become a provider of decentralized governance infrastructure. We will build custom implementations and integrations of Ethelo for Web3 organizations that provide both the technology and human systems needed for high-value group decisions, prioritizing our strength; financial decisions including budgeting and granting where the quality of decision-making is particularly important. In furtherance of this goal, we will further gamify the Ethelo platform and create a token economy that incentivizes the best decision participation and thus the best decisions.
The eDemocracy ecosystem is powered economically by digital tokens called Thelo, designated by the Greek character θ. Thelo are used to instrument and reward good participation in group decision processes. It is also used to fund the services and technology needed for good group decisions and the operations of eDemocracy DAO.
We will also issue an investment share called a Klismos which means “chair”. These will be registered securities with dividend and other economic rights. They will each come with a unique NFT artwork of a chair corresponding to the share which makes it easy to transfer.
The proposed token economy is designed to optimize the potential of Ethelo’s revolutionary group decision technology by creating systems to support the best kind of decisions and in particular decision participation. Decision-making is highly collaborative and incentive-oriented; people share influence, ideas, comments and they are rewarded with recognition, tokens and roles. The token economy is about creating environments of deliberation and decision making which are highly collaborative and successful.
Our token economy will be geared towards the provision of group decision and governance technology and social incentive frameworks for productive participation and effective decision making. We will provide services and expertise around incentivizing and harnessing participation that increases the value of the decision processes and outcomes.
The eDemocracy Token Economy will instrument and capture the value from producing decision processes that result in smart, fair outcomes and consensus.
The value of good decisions is captured in the delta between having a problem and having a solution. Decisions can go very well, or very poorly. However, a clear, effective, fair decision with broad support and buy-in from the group is generally a recipe for success - or at least, the optimal possible outcome. Therefore, the value of a good decision well made is generally the value of success. Included in that value are the social fibers of fairness and consensus, legitimacy, unity and community alignment. This includes the legitimacy and social license needed to execute on those decisions and normalize adherence.
In our proposed token economy, the fundamental unit of value is the benefit that comes from making smart, fair, broadly supported decisions in an inclusive and participatory manner.