Governance

Teleport token holders wield significant influence over the project’s trajectory through their voting rights. They are empowered to govern various aspects of the ecosystem, including but not limited to, whitelisting, feature rollouts, parameter adjustments, and airdrop initiatives. To streamline the decision-making process and enhance coordination between developers and the community, we’ve adopted an on-chain governance model. Votes will be conducted on a blockchain selected by the protocol, with each voting window lasting 14 days. Voting power is determined by the number of staked Teleport tokens.

It’s crucial to note the limitations on these voting rights. While Teleport holders can vote on matters directly related to the NFT Bridges ecosystem—such as system upgrades, fee modifications, and the integration of additional blockchains—their governance power has boundaries. Specifically, these rights:

• Do not extend to the operational or managerial decisions of the parent company or its affiliates.

• Do not grant an equity stake in any associated entities.

• Do not constitute participation in any collective investment schemes.

• Are not indicative of a joint venture or partnership with the project.

• This delineation ensures that governance is focused solely on enhancing the protocol, without blurring the lines between token utility and corporate control.