Governance for Project Listing

Staking for governance can also be utilized in terms of liquidity provider’s voting for token projects, which is a key feature of TaalSwap IDO. By staking TAL, the user is eligible for voting for or against a project. If a project is voted down, the TAL staked by a voter is immediately restored. If a project is approved by voting, the user, as a voter, acquires a priority over project toke sale, and is qualified to purchase a portion of selling tokens according to his/her TAL staking ratio. The voters can also be rewarded the project tokens whose amount is set by the project at the time of IDO application. The listed project is liable for a 2% platform fee of the token sales. With his/her governance contribution, the user will also be rewarded a portion of 2% of the raised funds after the token sale success according to his/her TAL staking ratio. To sum up, the user will get benefit from governance contribution as follows:

• Prioritized over project token sale: If the user has a 5% of voting stake, he/she will have the right to purchase a 5% of the 'prioritized' project tokens whose amount is set and reserved by the project.

• Rewarded project tokens: A listed project is responsible for a 2% platform fee of the token sales. A portion of this fee is given to voters according to their TAL staking ratio.