Breadchain Crowdstaking Protocol

Description

"One of the major problems with our economy today is that the needs of working people are subordinated to the pursuit of profit. Within blockchain-based governance mechanisms, standard token voting practices rely on the neoliberal notion of “voting with your dollar.” Like the capitalist market, this means wealthy investors can simply purchase large amounts of tokens on the market in order to hoard voting power. This system allows these capitalist robber barons, or “whales” to greatly influence the outcome of proposals submitted on “decentralized” applications. In other words, financial power becomes directly correlated with political power.

At Breadchain, we believe that this standard governance system does not reflect the core values of our project. Our approach instead seeks to keep financial influence out of governance. In this blog post we will illustrate our method of leveraging the technical standards pioneered by the Ethereum blockchain, specifically as utilized on the Polygon network, to build what we call the Breadchain Crowdstaking Protocol."

(https://breadchain.mirror.xyz/nwQx4CqPAcwZ5zSNB2_K25N1quOF1NGcKaYcS3S33CA)