CurioDAO is a project built on the Ethereum network as well as Polkadot that is open-sourced. This project is efficiently handled by persons all around the globe who are in possession of CGT, which is the governance token. By process of scientific authority, which includes administrative selection and governance survey, the holders of CGT handle the Creator Protocol and economic risks posed to the Curio Stablecoin in order to maintain its solidity, clarity, and efficiency. The voting weight of CGT is synonymous with the number of GCT a person puts into the voting contract. This means that the higher tokens are put into the contract, the higher the power of said voter to make decisions. The Creator Protocol, which was developed on Polkadot as well as ETH blockchain, allows users to develop a new coin. New segments of this Protocol include the Curio Chainlink Oracles, Stablecoin, Voting, and the Creator Security Vaults. CurioDAO controls the Protocol by determining the major limitations across the selecting power of those in possession of CGT.

CGT TOKEN

The CGT token, which is also referred to as the governance token of the Protocol of the Creator, enables the possessors to possess it to cast votes on alterations to be made on the Creator Protocol. It is noteworthy that anyone can bring up a proposal for a CGT vote even without possessing a CGT. The process of Governance creation usually encompasses proposals and executive voting. The proposal selection is carried out to initiate a preliminary agreement of the group’s opinion before Executive voting begins. This guarantees that decisions related to governance are considered, and an agreement is reached before the actual process of voting. The voting process is usually helps to confirm (or cancel) adjustments to the position of the system. Technically, different kinds of votes are handled by smart contracts. A Proposal contract is a type of smart contract that is integrated with a governance action or more but can only be used once. When it is finished, it quickly enacts the changes being voted on into the variables affecting the internal governance of the Protocol. Once used, the Proposal Contract becomes void.