Self Governing Community | Sustainable Jobs
By: Talha Tariq
Tags: Blockchain, Blockchain Technology, Cryptocurrency, Blockchain Startup, Cache

After its launch, Cache is progressing with full potential and its community is growing day by day. New valuable peoples are becoming a part of Cache's motive. Cache demonstrated its strength as a privacy-based decentralized finance aka DeFi (Cache technologies are well covered in this article → Cache — Privacy-Focused Blockchain). Soon the Cache is going to list on a suitable exchange, but now the issue arises about the team and pre-mine of the project. Like in other projects.

Let get deep into the issue. There can be two types of projects :

Project with Owners: It means that the project team has full authority over the chain and pre-mine etc. They can do anything for their benefit that's why issues cause like stealing pre-mine and dumping to exchange.

It means that the project team has full authority over the chain and pre-mine etc. They can do anything for their benefit that's why issues cause like stealing pre-mine and dumping to exchange. Project with Community Governance: It means that the project team has little authority over the chain and acts as community representatives for the project. This governing structure was build for solving issues of project with owners but it has its own drawbacks like lack of funds, infrastructure, direction etc.

Still, with all these issues, some projects with promising team success but has huge risk for investors and community. As mentioned in the previous article that the Cache is different in technologies and algorithms from other projects, it is just not different in blockchain infrastructure but also different in governance infrastructure. You reasonably would be asking how? The Cache merged the benefits of both above types and came up with the idea of a Self Governing Community system or Smart Community Governance.

Self Governing Community System

The team is simply employees of the Cache community and anyone can contribute to it. The community controls the team and every single action is taken by the team is discussed with the community at the discord server and approved by them before execution. The whole process is entirely transparent like the code of Cache. It's not just an exhibition to peoples but practically the team works on community decisions like the team changes the total supply of 500 Million Cxche to 300 Million Cxche on the argument of community. This is not only one example, many decisions are taken on community argument which is well covered in this article →The Direction of Cache Privacy-Focused Decentralised Finance for All.

You would be thinking that the whole process seems like an ordinary Community Governance project, the same issues of lack of resources, direction, resources, etc. But here the difference, the Cxche has pre-mine to pay wages to team or contributors. The wages and marketing etc funds are taken from the pre-mine of Cache. The pre-mine is essential for the growth of Cache.

Now you know that the project is stable and transparent because pre-mine is used by the team with community permission for the growth of the project. But now many peoples will be insecure that the team can steal the pre-mine or dump on exchange. So don’t be insecure this is how the Cache team uses the pre-mine.

How Pre-mine is used?

The Cache team designed a structure to minimize the risk for community-related pre-mine. The pre-mine is 5% of the total supply means 15 Million Cxche. The pre-mine is divided into Foundation Funds and Community Governance Fund at a 60/40 ratio. What are these funds and for what purpose they will be used?

Foundation Funds: Foundation Fund is 3% of the total pre-mine mean 9 Million Cxche. Half of the foundation fund (4.5 Million) will be locked in the Cxche banking system for a year repeatedly. The team will have 4.5 Million Cxche in liquid form to use in marketing and fees etc.

Foundation Fund is 3% of the total pre-mine mean 9 Million Cxche. Half of the foundation fund (4.5 Million) will be locked in the Cxche banking system for a year repeatedly. The team will have 4.5 Million Cxche in liquid form to use in marketing and fees etc. Community Funds: Community Fund is remaining 2% of the total pre-mine means 6 Million Cxche. The Community Fund will be used when the Foundation Fund gets finished till then all the Community Fund is locked. It will be used by the community to run the project. The team can transfer the foundation funds anytime to community funds for an earlier start of Community Governance.

How the method minimize the risk? The half from the Foundation and all the Community Governance Fund is locked in the banking system of the Cache blockchain. So team only have liquidized 1.5% of the pre-mine. It is very hard to dump the exchange or do other types of fraud.

The team will also use the pre-mine to create sustainable jobs. Let see how?

Stable Jobs

The Cache team has designed a model to create sustainable jobs that benefit the project and the employees. The Cache want to give chance to talented person no matter where they are from to work. Any person can contribute to the Cache in any required field. They can give value to the Cache community and earn from themselves too. The wages of team and contributors will be given from the pre-mine and that will stabilize the Cache blockchain.

The team and contributors are not allowed to sell their Cache until the market gets stable.

Apply Now!

I hope now you understand how the Cache Sustainable Jobs system work. If you are a talented person who wants to give value to the Cache community and get a salary in return. Apply Now In Cache Discord Server and for more information visit Cache Website.