💎 Meritocratic Governance

Challenges of Existing Voting Models

DeXe has identified significant weaknesses in the current methodologies after a meticulous examination of various voting systems. The linear voting model, which parallels the standard direct democratic system, fails to recognize the expertise or knowledge levels of the participants. In this model, each vote is equal, regardless of the voter's competence and trust. It's a scenario where the vote of a random person holds the same weight as that of a Nobel laureate, provided they have an equal number of tokens. Moreover, linear voting does not safeguard against the risk of plutocracy, where power becomes concentrated in the hands of a few individuals with substantial resources.

Conceptual Objectives

Recognizing the strengths and weaknesses of existing models, DeXe has intentionally chosen a path of piecewise linear and nonlinear functions and has established the following criteria for the mathematical model of vote tallying and reward distribution.

Combatting Plutocracy and Monopoly

The more tokens that are concentrated in one's hands, the less effective the voting power calculation should be – this helps prevent the accumulation of too much influence by any single party. As the number of tokens in a balance increases, the function for calculating voting power will deliberately slow down its growth.

Meritocracy

The chosen mathematical model must account for the presence of experts and specialists whose determination is regulated by the DAO itself and whose voting efficiency is greater than that of an average token holder. Moreover, the distribution of voting efficiency among different experts can also vary.