Governance & Web 3.0

Oshinstar governance system

Oshinstar has a governance system, so as holders of the token you will be able to vote on the decisions of the community and be part of the path that this project takes in the future.

OshinCoin token holders have the greatest influence on governance and therefore direct the future direction of the entire ecosystem.

To send proposals, a minimum number of tokens in staking will be necessary. While all token holders can vote based on how many tokens they own.

Web 3.0

Although everything has been somewhat complicated so far, several technologies have been developed that allow interaction with smart contracts in a simple, natural way and directly from the browser. These technologies are called Web 3.0.

The web applications that interact with Solana are called Decentralized Application (DAPP) and it is precisely in this category that Oshinstar falls.

In fact, it is both a smart contract ecosystem and a DAPP that allows the creation and management of the so-called DFO (Decentralized Flexible Organizations).

A decentralized flexible organization is itself a set of contracts that can be published through the DAPP and linked to the contracts.

This set of contracts provides a generic and fully extensible representation of an organization. Linked to the concept of DFO, is the concept of governance: that is, when a DFO is published, a special token will be published with it, called a governance token.

This token allows the approval of proposals, which are special contracts that change the status of the DFO.

The creation of the proposals can be done by anyone (optionally, anyone who owns a small part of the governance token), but their approval is subject to a voting system in which the voting power is proportional to the number of tokens of governance it owns.

In this context, governance tokens are also called voting tokens.

This framework is extremely flexible and allows the construction of collateral contracts built around the DFO that implement specific functionality.

These collateral contracts are subordinate to the DFO, which means that a vote is required to change one's behavior or to be activated.