Governance

TUN token holders are the owners of the Tunnl smart contracts, incorporated in the Republic of the Marshall Islands.

Tunnl has a very unique governance structure to promote decentralization of the protocol and to ensure that it is not a security token.

To begin with, voting rights will be capped to 10%. Meaning that anybody who owns more than 10% of the tokens will have any votes that go beyond the 10% cap allocated proportionally amongst the other votes.

For example, if any wallet holds 60% of the outstanding tokens their vote will count for 10% and the remaining 50% will be allocated proportionally amongst the remaining votes at the end of the voting period.

TUN holders are able to vote and change any aspect of the Tunnl smart contract structure, profits, fees, orderbook/matching engine providers, buybacks, and any or all other changes they deem necessary or beneficial.

*Subject to change prior to TGE