Levex Community Council

As Levex embarks on its progression to becoming a fully decentralized DAO, a five-seat representative council will be created to encourage active participation within the community. This group will be known as the "Levex Community Council."

As Levex transitions to a DAO model, it will be necessary to create a transitional council that will provide much-needed support and advice to make a seamless transition for the hand-off. Having launched the LVX token, it is now possible for token holders to be elected to and represented by the new council.

Governance is crucial to get right, yet, it is very complex to implement. We intend to build from this model and progressively move forward to become even more decentralized. By enabling LVX token holders to elect the Community Council, the Levex community can express their views and facilitate discussion quickly and directly while streamlining the proposal process and making decision-making more transparent.

The Levexteam believes in creating a solid foundation before progressing towards a more decentralized model and DAO. This will allow the core team to fulfill community proposals while transitioning complete control to the community.

Structure and Responsibility

A five-seat representative council will advise Levex that Levex token holders elect. Five representatives will come from different backgrounds in product and tokenomics design, decentralized technology development, marketing, business development, and crypto trading.

The council will make decisions for ambassador selection, the small-size token allocation for global localization events, join townhall and moderate daily discussions, and create proposals for product and technical enhancements, tokenomics, and governance model changes. The Levex Community Council sits for four epochs, after which a new Council is elected.

The council has an advisory role on the product roadmap, and Core Team maintains its decisive view on the roadmap for the next 12 months.

Community vote over the direction of tokenomics and governance model of the Levex Protocol, which strives for well-governed and transparent changes to the protocol.

The Levex team will administer the allocation and emission of LVX and technical upgrades until DAO is fully launched at a later date.