5.4 Governance Token Design and Community Incentive Plan
Within the governance framework of RealAsset Chain (RAC), the RAC Token functions not only as the platform’s core value carrier but also as the foundational tool for community-led decentralized governance. Through a carefully designed governance token mechanism and a multi-tiered incentive system, RAC aims to establish an open, transparent, and efficient decision-making structure—truly embodying a community-driven development model.
Governance Token Role and Capabilities
As a governance token, RAC empowers holders with the following rights and responsibilities:
Proposal and Voting Rights Token holders can submit and vote on key governance proposals, including protocol upgrades, new asset onboarding, parameter changes, and fund allocations.
Ecosystem Resource Allocation Community votes determine how ecosystem funds, liquidity incentives, and incubation grants for partner projects are distributed.
Strategic Direction Setting Governance covers major decisions such as introducing new modules, modifying governance architecture, and determining the pace of cross-chain integrations.
All voting is conducted via an on-chain governance system, ensuring transparency, immutability, and auditability of proposals and results.
Governance Weighting Mechanism
To incentivize long-term engagement and mitigate the risk of governance centralization, RAC adopts a weighted voting model:
Holding Duration Multiplier: Long-term holders gain higher governance power (e.g., via a veRAC model).
Stake-Locked Voting: Token holders must lock tokens for a minimum period prior to voting to prevent short-term vote manipulation.
Activity-Based Rewards: Active voters earn governance points, which can be exchanged for additional incentives or privileges in future DAO programs.
Community Incentive Framework
To foster community participation, consensus-building, and self-governance, RAC has launched a multi-pronged community incentive program:
Content Incentives Users who produce quality content—such as articles, technical tutorials, or explainer videos—are rewarded with RAC tokens or unique NFT badges.
Developer Rewards Contributors to tools, contracts, dashboards, and other ecosystem components receive token grants based on project scope and impact.
Governance Participation Incentives RAC hosts periodic "Governance Participation Leaderboards", rewarding users based on voting activity, proposal success rates, and decision-making quality.
Task and Contribution Bonuses Completing official campaigns (e.g., social tasks, growth hacking missions, or event promotion) earns users airdrop points and community reputation scores.
Node-Based Operational Rewards The RAC DAO introduces “Community Governance Nodes”, nominated and elected by token holders. These nodes take on responsibilities in ecosystem operations and governance facilitation, receiving regular RAC token stipends in return.
RAC DAO Operational Model
The RAC DAO consists of four major components: governance contract, proposal mechanism, voting module, and execution logic. Its governance workflow operates as follows:
Community members submit proposals
Upon meeting the minimum threshold, the proposal enters a public review and voting period
If passed, an execution contract automatically implements the relevant on-chain action (e.g., fund transfers, contract parameter changes)
Additionally, RAC DAO features a Proposal Screening Committee and Compliance Interface to ensure all proposals are well-structured, relevant, and within platform risk tolerance.
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