VI. Governance Structure and Risk Management
In the governance architecture of RealAsset Chain (RAC), the RAC Token functions not only as the core economic vehicle of the platform but also as the foundation of community autonomy. Through a thoughtfully designed governance token system and multi-layered incentive framework, RAC seeks to establish an open, transparent, and efficient decentralized governance model, enabling community-driven development.
Governance Token Roles
The RAC Token grants holders the following powers:
Proposal and Voting Rights: Token holders can initiate proposals on protocol upgrades, asset listings, parameter adjustments, and fund allocations.
Ecosystem Resource Allocation: All community grants, liquidity incentives, and incubation initiatives are governed via token-holder votes.
Strategic Direction: Token holders guide the long-term trajectory of the protocol, including module expansion, governance reforms, and cross-chain integration plans.
Voting takes place via a fully on-chain governance system, ensuring transparency, immutability, and auditability.
Governance Weighting System
To promote long-term commitment and reduce governance centralization risk, RAC implements a weighted governance model:
Holding Duration Weighting: Long-term token holders receive increased voting power (e.g., through a veRAC model).
Stake-Locked Governance: Tokens must be locked for a minimum period before voting, deterring short-term manipulation.
Participation Incentives: Active voters earn governance points, redeemable for future rewards.
Community Incentive Programs
To support co-creation, consensus, and self-governance, RAC offers a diverse community incentive system:
Content Creation: Users publishing articles, tutorials, or videos can earn RAC tokens or NFT badges.
Developer Contributions: Builders of tools, contracts, dashboards, and dApps are rewarded based on project complexity and impact.
Governance Participation Rewards: A leaderboard rewards top participants based on vote activity, quality, and proposal success rate.
Task & Contribution Rewards: Completing social, growth, and outreach missions yields airdrop points and community reputation scores.
Governance Node Rewards: Community-nominated "Governance Nodes" assume operational responsibility and receive periodic RAC token distributions.
DAO Operational Model
The RAC DAO consists of four core components: governance contract, proposal system, voting module, and execution engine:
Community members submit proposals.
If the proposal meets minimum thresholds (e.g., token stake, reputation level), it enters a public notice phase (3–7 days).
During the voting phase (typically 5–10 days), token holders vote via on-chain signatures.
Upon meeting quorum and majority thresholds, the execution contract enforces proposal actions (e.g., fund disbursement, contract parameter changes).
Two governance bodies support this process:
Proposal Review Committee: Evaluates technical feasibility.
Compliance Board: Conducts legal and policy assessments.
DAO Evolution Mechanism
RAC DAO is designed to evolve with the community. Governance parameters can be updated via proposal, including:
Voting thresholds and durations
Token staking requirements for proposal submission
Contract upgrades and subDAO creation
Sub-governance groups for vertical-specific domains (e.g., RWA governance cells)
RAC also supports experimental governance tracks, enabling pilot proposals to test new models before wider adoption—supporting progressive decentralization.
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