The Neo Council has voted to lower the registration price for Council candidacy from 1,000 GAS to 750 GAS, effective Thursday, Nov. 19. The resolution – signed by COZ, Nash, Flamingo, Everstake, Neo SPCC, NEXT, Neo Recordsdata This present day, Neo World Model, InfStones, and AxLabs – forms piece of a broader governance initiative geared in direction of increasing accessibility, competition, and accountability at some point of the Neo Council.
The payment reduction follows a resolution made on the Centre Point meetup held in Singapore in September, and shows an early step in a broader effort to advertise inclusivity within Neo’s governance framework. While modest, the update indicators a gesture of correct faith in direction of aspiring Council contributors, helping lower the barrier to entry whenever you furthermore mght can neutral peek candidacy.
Knocking down of GAS rewards
Efforts are also underway to flatten GAS rewards so voters are now not penalized for backing candidates out of doors the ranked positions. This present day, NEO token holders attain now not gather GAS rewards for votes solid out of doors the head 21, a building that discourages toughen for beginners and entrenches incumbents.
At Centre Point, Council participants agreed in precept to transfer in direction of a flattened model, with the Core Model crew to pick out the most get, most technically sound implementation direction.
The new roll-out concept involves:
- Proof-of-node: require any candidate eligible for a high-7 consensus seat to bustle an brisk node, decreasing the likelihood of consensus disruption by underprepared participants.
- Flatten at some point of the Council: equalise GAS rewards at some point of sitting Council participants so voters can pick freely without sacrificing returns.
- Lengthen past the head 21: develop knocking down so votes for any registered candidate elevate equal reward potential.
The targets are to let token holders vote their preference without losing rewards, amplify competition among Council participants, and compose a credible direction for new entrants in accordance with service quality and community engagement.
Governance platform in trend
A brand new governance platform is also in trend to formalize proposal submission, Council voting, and community participation. The MVP, led by the Flamingo crew, is on hand for making an are trying out and suggestions by strategy of the #council-and-core channel in the official Neo Discord. The preliminary release specializes in Council member node-claiming, yarn registration, and proposal submission with threaded discussion.
Longer term, the platform is designed to relieve as a clear, inclusive hub for governance. Council participants will fabricate visibility into token-holder sentiment thru discussion mumble and, over time, token-weighted preference indicators. Token holders will be ready to occupy in suggestions Council participation by strategy of mumble logs and voting histories, helping them create extra urged choices. By decreasing the friction to propose, discuss, and evaluate choices, the initiative is geared in direction of enhancing transparency and strengthening decentralized participation at some point of the ecosystem.
A follow-up Neo Council call is scheduled for Tuesday, Nov. 25, to continue discussions on Centre Point deliverables and other governance issues. The session will be recorded and made publicly on hand.
