Governance

Integral to achieving this mission is a decentralized governance protocol, whereby artists, node operators, and fans are individually and collectively enfranchised in decision making about protocol changes and upgrades.

In the spirit of creating a community-owned and operated streaming protocol, these key actors should be empowered to shape, mend and modify underlying parameters of the SoundProtocol including but not limited to:

• Feature Integrations

• Royalty Rates

• Token Distribution

• Fee Pool Allocation

• Staking Rewards

Everything in SoundProtocol is governable, and all SOP tokens staked in the protocol automatically receives governance weight on a 1 token, 1 vote basis.

SoundProtocol politicians differ in the sense that node operators are unique from artists and curators, both of which are aligned in the growth of the protocol. Governance will look to present both technical and nontechnical proposals, giving all users the ability to properly voice their beliefs without needing to run a node or have a deep technical understanding of the SoundProtocol tech stack.

For node operators, SOP governance acts as a key tool to empower decentralized content storage, providing a direct mechanism for rewards to be earned and amended in line with the costs, value and consensus of other providers on the network.

By creating a framework for users to adjust the direction of the protocol in line with their shared beliefs, SOP will curate governance to the most value-added actors, possibly tying in incentives to those who are most active.

In doing so, core SoundProtocol politicians will play an active role in both future token issuance, node operator incentives, and creative mechanisms for artists to better engage their community.