Governance Principle

The design objective of the X-Chain community governance structure is mainly focused on the sustainability of the X-Chain platform, the effectiveness of the strategy formulation, the management effectiveness, the risk control and the efficient operation of the platform economy. Although there are arguments advocating that the blockchain is a de-centralized or a distributed self-governance community system, we believe that the absolute de-centralized in the initial stage of the project may bring the absolute “fairness” but is more likely to be further “inefficient”. Therefore, the core idea of the X-Chain team is to absorb the concept of in the management structure of central governance, including the highest decision-making authority strategic Committee and major issues of the centralized procedure to improve the efficiency of the whole operation of the community, until the blockchain becomes self-sustainable. X-Chain team strategizes an organic evolution of the project, and hence, the more the blockchain matures organically, and becomes self-sustainable, the governance will be gradually transferred until it will become an exclusive attribute of to the X-Chain community.