Why You Need a Wallet and Tokens to Vote on Governance

Understanding Governance in CGS‍

The Community Grocery Store (CGS) platform operates through a Decentralized Autonomous Organization (DAO) where community members help shape the platform's future. Governance decisions, including platform upgrades, fee adjustments, and feature implementations, are voted on by token holders.

To participate in governance, users need a digital wallet and CGS tokens. Below, we explain why both are essential.

1. What is a Wallet?

A wallet is a secure digital tool that allows users to store, send, and receive tokens. It acts as a personal vault for managing digital assets and interacting with blockchain-based applications, like CGS.

What is a wallet?

‍Why do I need a wallet for governance?
Your wallet is your identity on the blockchain. It verifies your ownership of CGS tokens and allows you to sign transactions securely when voting on governance proposals. Without a wallet, there is no way to prove participation or receive governance rewards.

2. What are CGS Tokens?

CGS tokens are digital assets used within the platform for transactions, governance, and rewards. They enable users to trade goods and vote on important decisions affecting the CGS ecosystem.

What is a token?

Why do I need tokens to vote?
‍Governance in CGS is based on a token-weighted voting system, meaning that your voting power is proportional to the number of CGS tokens you hold. The more tokens you have, the greater influence you have in shaping the platform.

3. Why Do You Need Both a Wallet and Tokens to Vote?

To vote on governance proposals, you must:

1. Have a wallet connected to the CGS platform.
2. Hold CGS tokens in your wallet to participate in voting.
3. Sign the transaction using your wallet to confirm your vote on the blockchain.

Key Benefits of Using a Wallet and Tokens for Governance:

• Security: Your vote is securely signed and recorded on the blockchain.
• Transparency: The decentralized voting system ensures fairness and accountability.
• Rewards: Users who vote on proposals receive governance rewards, distributed based on participation.

How to Get Started:

1. Set Up a Wallet: Choose a supported digital currency wallet and connect it to CGS.
2. Obtain CGS Tokens: Access tokens through the CGS app or designated exchanges.
3. Vote on Proposals: Participate in governance and shape the future of CGS.