Notice on the establishment of the DeepBrain Chain CouncilAs DBC has already launched on the mainnet and has been running smoothly, the foundation will take the decentralized on-chain governance, based on Polkadot Governance module, as its next priority. After in-depth discussion, the foundation decide to establish DBC council, which will run separately from the foundation and aim to improve DBC’s development.
DBC council is an on-chain entity consisting of 13 members. All theses members are elected by voting. This governance system will run for test within 2021. During the test period, the council will be elected every 14 days, and since 2022 it will be elected quarterly. According to polkadot governance system, the council can decide the priority of the proposals, and has access to the Treasury.
Accourding to DBC whitepaper, the foundation will unlock 1.5 billion DBCs within 6 years.
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https://deepbrainchainglobal.medium.com/notice-on-the-establishment-of-the-deepbrain-chain-council-715e059d9958