Existing on-chain governance:
- The early builders own the SBT(on Ethereum), representing the chain’s identity and governance rights.
- However, community members cannot identify their identities on the chain.
- After the new onboarding system starts, every community member (including all builders) has a MemberFirstBadge.
- Separation of identity and governance rights on the chain.
- Develop a new member SBT(on polygon). All members with MemberFirstBadge will get it, and the function is the same as builder SBT.
- Develop a new governance NFT(on polygon). Members who previously held SBT will be airdropped to govern NFT (ERC721Votes).
- Weaken the builder’s identity and change it to a member with governance rights.