International Stable Currency Whitepaper
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  • Introduction
    • 🌎What is ISC?
    • 👑Why ISC Matters
      • State of Fiat Currencies
      • State of Stablecoins
        • What is a Stablecoin?
        • Improvements on Fiat
        • Drawbacks of Existing Stablecoins
    • ⭐What Sets ISC Apart?
  • How ISC Works
    • 💰The ISC Reserves
      • Key Entities
      • Key Concepts
      • Basic Mechanics
      • Advanced Mechanics
      • Oversight
    • 📥DAO Model and International Governance Token ($INTL)
      • Community Oversight
      • Governance Mechanics
      • $INTL Tokenomics
      • Burning $INTL: Aligning the Economic Incentives of $ISC and $INTL
    • 🖥️Technological Foundation
    • ❗Disclaimer
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  1. How ISC Works
  2. DAO Model and International Governance Token ($INTL)

Governance Mechanics

i. Creating Proposals

The Council has the authority to raise proposals on the Realms platform.

ii. Veto Mechanism

In our governance model, all proposals submitted by the Council are passed by default, but each proposal is open to review and potential veto by the DAO. This mechanism ensures that while the Council initiates proposals, the final say is democratically held by the DAO, maintaining a balance between the expertise of the Council and the collective interests of the community.

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Last updated 7 months ago

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