Flex Commons Governance using FLEXE
Flex is a community-owned platform that rapidly boosts dApp user growth, ensuring the value generated directly benefits the Flex community.
The FLEXE token is a pivotal element in the governance structure of the Flex ecosystem, facilitating a decentralized and community-driven approach to managing the Flex Commons for ecosystem IP. In this context, FLEXE will be used primarily by the contributors and consumers of IP.
The IP Commons features a decentralized reputation and governance system for curating and maintaining the quality and integrity of the code registry. Developers can earn reputation scores and governance rights by contributing and reviewing code assets, and by participating in the platform's decision-making processes. Developers can mint new code NFTs by staking FLEXE tokens, the number of which will be determined by an on-chain vote. This staking requirement helps prevent spam and ensures that only high-quality submissions are added to the registry.
The reputation scores are calculated based on various metrics, such as the quality, popularity, and usage of the developer's code contributions, as well as their activity and behavior on the platform. Higher reputation scores unlock additional privileges and rewards, such as featured listings, higher royalty rates, and weighted voting power.
where: Q is the quality score, 𝑈 is the usage metric, and 𝑇 is the total contributions (count).
The IP Commons also employs dispute resolution and arbitration mechanisms to handle code ownership, licensing, and quality disputes. Developers can stake FLEXE tokens to challenge or defend code NFTs, with the disputes being resolved by a decentralized panel of expert judges (holographic consensus model), who are incentivized to provide fair and accurate rulings based on predefined guidelines and evidence.
Last updated