Governance and Voting:

Token holders will have voting rights on community decisions or development initiatives in the future depending on the land, planets or galaxies they hold.

NFT Integrations:

Non-fungible tokens (NFTs) with utility will arrive soon and will be physical and not digital. Depending on the NFT you will acquire you will receive a physical thick premium metal card with a USB-C port to access to their specific utility allowing for unique, scarce, and tradable virtual assets within the VR world and the real world.

Security 7.1 Audits:

Conduct regular security audits of smart contracts associated with our cryptocurrency is one of our goals. Engage third-party audit firms to identify and rectify vulnerabilities as well.

Security & Communication:

Encrypt communications between users will be available depending on the zone, world or room they are in. On that matter we know that a lot of you will want the possibility to interact outside The Borealis within the same ecosystem. That is why we also prepare a Borealis Messenger App. We have a lot of other ideas for the future, and we will simply ask you directly via our socials to vote or suggest what you are waiting for in the future.

Decentralised Identity Management:

Implement decentralised identity solutions to enhance user privacy and security is also an option. Allowing users to control their identity and access permissions securely with whoever they want.

Secure Development Practices:

Follow secure coding practices during the development of the virtual world platform, cryptocurrency protocols, and associated applications.

Audit Trails:

We will implement comprehensive audit trails to monitor and trace activities within The Borealis to ensure that any suspicious or unauthorised activities can be identified and addressed promptly.

User Education:

We also want to educate users about security best practices in The Borealis, including the importance of strong passwords, secure browsing, what information to share or not and how our universe work. Everything will be accessible in the Grand Hall with interactive videos inside rooms to tell you all about it on what to do and not for your security.

Regular Security Assessments:

Regular security assessments, penetration testing, and vulnerability scans to identify and address potential weaknesses will be made by a team specialised in this field.

Incident Response Plan:

Develop and implement an incident response plan to address security breaches or unexpected events promptly are created and will be implemented in all servers around the world.

Community and Developer Collaboration:
We will closely listen to your feedback to report any problems or address security vulnerabilities.

Governance

Proposal Submission:

Users, developers, or other stakeholders can submit proposals for consideration by the community.

Quorum and Consensus:

Governance processes often require a minimum quorum or consensus level to be reached for a proposal to be accepted. This ensures that decisions have sufficient support from the community.

Transparency:

Transparent communication of proposals, voting results, and decision outcomes is crucial for building trust within the community. Decisions and governance activities are often recorded on the blockchain for transparency.

Vesting Periods:

There is a vesting periods for tokens allocated to the team, advisors, and other certain partners:

- 30% will be given at launch
- 40% 6 months after the initial launch
- 30% 12 months after the initial launch.

Vesting ensures that tokens are released gradually over time, aligning the interests of team members with the long-term success of the project.

Incentive Mechanisms:
Staking for rewards will be added or providing liquidity to decentralised exchanges.

This is going to be Borealistic !!!!


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