Users holding CentorX coins decides who oversees maintaining the CentorX

network, through the election of a CentorX Governance Council.

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Key groups in Governance.

Role of the CentorX token Holders.

CentorX holders are the stakeholders of the CentorX ecosystem.  Each CentorX token represents one vote in the election of the CentorX Governance Council, who is responsible for making decisions for the CentorX blockchain.  CentorX holders should vote in candidates that they feel will represent their needs and are capable of maintaining the health of the CentorX network.

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Any CentorX wallet address can register as a candidate to be elected to the CentorX Council.

A GAS fee is required to register candidacy.  As candidates may be elected to the role of consensus node, it is recommended that all candidates set up a reliable node and are capable of maintenance.  Comprehensive knowledge of the CentorX blockchain is required to fulfill the responsibilities as a Council member.

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The top 21 candidates are voted in as members of the CentorX Governance Council.

The Council is responsible for maintaining the health and liveliness of the CentorX network.  Responsibilities include adjusting blockchain parameters, such as systems fees, and electing oracle nodes.  To learn more click on the gavel icon above.

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