# Project Governance

## 4.1 Project Governance

The governance framework of Eternal Moon is designed to allow both financial and non-financial contributors to actively participate in the platform's growth. This model aims to convert intangible social value into tangible social capital through decentralized governance mechanisms.

#### The governance system operates through three primary entities:

1. Strategic Council – Oversees high-level decision-making.
2. Operations Committee – Manages platform functionalities and infrastructure.
3. Community Assembly – Represents and voices community interests.

#### Roles and Governance Assets

| Governance Entity    | Primary Functions                                          |
| -------------------- | ---------------------------------------------------------- |
| Strategic Council    | Establishes platform policies and oversees governance      |
| Operations Committee | Determines technical functionalities and platform upgrades |
| Community Assembly   | Collects and integrates community feedback                 |

#### Governance Assets & Voting Power

* $ETM (Utility & Governance Token) – Used for governance decisions and staking.
* Operations NFT (ONFT) – Grants access to operational decision-making.
* Community Participation Token (CPT) – Represents community engagement and voting rights.

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### 4.1.1 Strategic Council

The Strategic Council serves as the primary decision-making body responsible for setting key project policies and governing platform operations. $ETM token holders participate in governance through a voting mechanism based on token holdings.

#### **Key Authorities:**

* Formulating platform governance policies.
* Adjusting reward structures in the Liquidity Pool.
* Defining roles and responsibilities of the Operations Committee and Community Assembly.
* Allocating project funds and setting investment policies.
* Approving new features and ecosystem expansion initiatives.

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### 4.1.2 Dual Governance System

The dual governance system ensures a balanced decision-making structure by incorporating both operational and community-driven governance models. It consists of:

### **4.1.2.1 Operations Committee**

The Operations Committee is responsible for managing the platform’s technical and infrastructural development. Holders of Operations NFTs (ONFTs) are eligible to participate in governance processes.

#### **ONFT Issuance Model:**

* Distributed to content creators and project operators contributing to the platform.
* Issued as both transferable and non-transferable NFTs, depending on governance criteria.

#### **Key Responsibilities:**

* Defining content and feature development direction.
* Adjusting NFT and token distribution models.
* Voting on the addition of utilities and services within the platform.

***

### **4.1.2.2 Community Assembly**

The Community Assembly serves as a governance entity for general users, enabling them to actively influence platform decisions. Governance participation is facilitated through Community Participation Tokens (CPTs).

* CPTs are non-transferable tokens (NTTs) awarded to users who actively contribute to the community.

**Key Responsibilities:**

* Participating in governance votes on platform policies.
* Proposing and influencing new features based on community feedback.
* Ensuring content quality control and promoting community engagement.

***

### 4.1.3 Platform Treasury

All revenue generated within the ecosystem is accumulated in the Platform Treasury to ensure long-term sustainability.

#### **Revenue Streams:**

* Fees from NFT and digital content sales.
* Profits from music albums and merchandise sales.
* Transaction fees incurred within the platform.
* Advertising and brand collaboration programs.

#### **Fund Utilization:**

* Distributed as rewards to $ETM holders based on governance decisions.
* Invested in new projects and technology development.
* Used for token burning and buyback mechanisms to stabilize the token economy.
