LCX is happy to announce the launch of Tiamonds Governance. Before flipping the pages to the main announcement, let’s backtrack a few details to get more clarity.
Founded in 2018, LCX is a secure and regulated trading platform. It is committed to the growth of the blockchain industry and the upliftment of the financial market through tokenization. Over the past three years, LCX has collaborated with dozens of quality blockchain projects to facilitate compliant crypto services and products, focusing on tokenization. To further its mission, LCX is announcing the launch of a tokenized diamonds platform- Tiamonds – to showcase tokenized assets’ opportunities, educate consumers about tokenization through gamification, and create a community-driven token economy.
LCX added some diamonds in its journey towards tokenization and named it Tiamonds. Tiamonds are tokenized diamonds and were launched on 22.02.2022.
To promote tokenization, the Tiamonds platform tokenizes real-world diamonds using non-fungible Ethereum blockchain tokens. Tiamonds are part of LCX’s plan to bring tokenization to millions of people around the world. The Tia Token, a deflationary cryptocurrency, and the tokenized diamonds known as Tiamonds are the two main components of the Tiamonds project.
The diamonds attached to each Tiamonds are secured and stored in Liechtenstein at an excellent security vault outside the banking system with protection levels of 10 and 6 eyes.They are fully insured by Lloyd’s London.
The Tiamonds project also features an NFT marketplace for tokenized diamonds. The marketplace combines non-fungible token (NFT) technology with real-world diamonds. Recently, it was upgraded by adding a variety of new features for buyers, plus the owners can now sell their Tiamonds in this marketplace easily.
Governance pertains to decision-making processes that involve the formulation and execution of decision frameworks. Governance is generally defined as a set of rules and policies that govern the conduct of all participants in a network. Our governance token will allow users to make decisions on our future tokenization and Tiamond releases. The Tiamonds governance platform gives users a stake in the future of the network. Tiamonds makes a truly decentralized democracy possible by letting everyone in the community be heard.
Community-led governance to guide the Tiamond project into the future.
Governance will allow voting on key decisions related to the Tiamonds project.
The TIA Token is enabling a community-first approach and a vibrant, diverse, and dedicated governance system, which will actively guide the Tiamonds project towards the future.
Tiamonds is embracing a community-driven governance framework. Governance contribution and voting will focus on aspects for future tokenization and Tiamond releases to expand and develop the broader LCX ecosystem.
The governance system will allow the submission of votes on critical decisions that govern the Tiamonds project.
Tiamonds website is the DAO hub, providing an interface to educate DAO members on the governance process and provide easy access to the channels below in order to streamline the DAO’s operation and enhance its utility.
Discourse is the first stop for all proposals. A TIP (Tiamonds Improvement Proposal) idea is submitted as a post in Discourse and must receive confirmation from a moderator that it complies with DAO-approved guidelines before it appears to the community. TIA Token holders must go through a wallet authentication process to post ideas or give feedback on ideas via comments.
Snapshot is used for voting. Proposal drafts that have passed their respective approval processes become available for voting on Snapshot. TIA Token holders must go through a wallet authentication process to vote.
Tiamonds DAO is launching its community-led governance via a formal proposal process based on the one implemented and proven out over time by Ethereum’s EIP system.
A TIP (Tiamonds Improvement Proposal) can fall under three main categories: Core, Process, or Informational.
LCX wants the community to vote and get heard. Governance is conducted to give the power of voting and decision making regarding Tiamonds and TIA Token. LCX enables the community to help shape the future of a protocol, because they are the ones who have made the biggest contribution to the success of Tiamonds. The more tokens a member has, the more power they have in the community-based voting system.
The future of Tiamonds Governance is the community. They will decide the future of Tiamonds and the utility of $TIA Tokens. The process is completely decentralized and the community will have the voting rights and the power to decide the future. The quantity of $TIA available in the account of the community member will determine the value of his/her votes. The more TIA you hold, the more valuable your vote will be.
LCX AG is a company founded in 2018 and registered in Liechtenstein No. FL-0002.580.678-2. LCX AG is regulated by the Financial Market Authority of Liechtenstein under the registration No. 288159 as a trusted technology service provider.
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