Governance

EnrgiX is fundamentally a global decentralized energy ecosystem. Our vision transcends political, cultural, and economic boundaries, aiming to build a globally collaborative community addressing humanity's existential challenges. As a community-driven organization, we believe every participant is simultaneously a network builder, stakeholder, employee, and user – united as stakeholders in a zero-carbon future. Within the EnrgiX network, we collectively contribute to the evolution of energy networks and industry transformation.

Decision-making authority resides with holders of ENX, our governance token. While token holders maintain ultimate network control, the sensitive nature of the energy sector and potential regulatory requirements necessitate basic verification for green energy providers participating in platform governance. This unique challenge demands a sophisticated governance structure to manage non-chain components within the DePIN framework. We strive to achieve an optimal balance between business compliance and decentralization principles.

The EnrgiX DAO serves as the governance cornerstone. DAO members exercise voting rights through ENX tokens to shape the network's future. Ecosystem modifications are decided through vote-escrowed tokens (Ve Token) - a mechanism pioneered by Curve and validated through successful implementation by major protocols like Balancer. This system weights voting power based on both token quantity and staking duration. Additionally, to prevent vote consolidation and collusion, we implement quadratic voting, where voting power increases at a diminishing rate relative to token holdings.