🕷️Decentralization

Vitalik Buterin's paper, "A Flexible Design for Funding Public Goods," proposes a new model for financing public goods using decentralized blockchain technology. In this model, individuals who value a public good can contribute funds through smart contracts. These funds are then used to incentivize the production of the public good, aligning the interests of contributors with the success of the project.

Everyworld has been designed to implement some of the core ideas behind Buterin’s paper while seeking to create a self-sustaining, decentralized, social ecosystem. As the community of users participating in this system evolves, it is important to provide those users with transparency and autonomy while continually improving on the protocol’s innovation and adaptability.

Over time, the goal of Everyworld is to become a decentralized organization with rules and processes that are determined by the community of engaged parties. This community may be provided with, or establish, governance rights to help develop and sustain Everyworld. These voting rights may consist of:

• Evolving the Everyworld features and functionality

• Curating organizational partners

• Defining payouts

• Treasury appropriations

• Determining content selection

• Implementing new features and evolving the protocol

• Ensuring transparency and “public good”

This initial version of Everyworld is designed as a proof of concept to demonstrate the transformative power of blockchains.

A decentralized governance plan begins with the launch of the $EVERY token. $EVERY holders will be responsible for submitting and voting on various types of governance proposals including those listed above. It is expected that $EVERY holders may either vote directly, or delegate their voting power to an eligible third party.