Blockchain is a technology that provides the premise and prerequisites for re-evaluating governance by transferring all power to local communities. This is achieved through various consensus mechanisms available today.

However, while many Decentralized Autonomous Organizations (DAOs) emphasize that their governance is near-perfect, the decision-making power is often in the hands of those with the most original tokens.

It happens that most DAOs end up with a governance structure similar to banks or corporations, even if they can actually strengthen communities to a certain level. The blockchain project aims to find the ideal setting for decentralized governance. TheGreatReset.Finance has separated financial resources from the management of its ecosystem so that everyone has an equal opportunity to influence the direction of the project.

As the team noted, “DAOs are run in the same way as corporations, with large investors buying a majority stake/control tokens and effectively controlling the corporation/DAO.”

While TheGreatReset.Finance, a new name for what is also known as X DAO, introduces a token for farming; It differs from the control token in that it is distributed in a new way using a decentralized labor market.

ecological system
TheGreatReset.Finance is a community-driven ecosystem that includes decentralized applications (DApps), including CyberSwap and The Agency, as well as a non-fungible token (NFT) market (called the Zion Market). The project also includes a decentralized exchange (DEX), which is an automated market maker (AMM).

What makes TheGreatReset unique is the specific management approach it takes. Specifically, the ecosystem runs on three different codes.

The GreatReset Token (TGR) is a de facto governance token that gives its holders the right to vote. The token represents the owner’s reputation in the ecosystem, which ultimately determines his voting power.

You can earn TGR through what is known as an Initial Job Offer (ITO) or through an agency DApp. Both of these distributions are decentralized. In this format, the more effort the user puts in, the more weight he will have when voting. However, they must continue to perform tasks and sound, because the same tokens will degrade faster if they are not used. As tokens mature over time, the more effort you put in, the more voting weight they will have.

Hertz is a propagating token that has many uses, such as lowering fees or granting certain privileges when accessing DApps. The token will eventually become deflationary through several mechanisms.

The X-token is designed as a global currency, the consensus of which is evenly distributed among all participants in the TheGreatReset.Finance ecosystem. Anyone with a smartphone will be able to run a consensus node and send transactions for free. The token will be used as a store of value or for payments and transfers.

2021 has been a busy year for the company as it introduced the DAO concept, DEX, to the Zion market and circulated agricultural tokens. 2022 is expected to be an interesting year as the DApp Agency ecosystem will be launched allowing users to receive governance tokens. In addition, the community is waiting for the release of TGR Prequel comics, card games and movies.

Source: CoinTelegraph