Licens Whitepaper
Version: 1.0, last update: Nov 1, 2022
Five Ages of Governance
Rome wasn’t built in a day. We believe that it may take five ages to eventually reach our ultimate vision of a fully decentralized commerce platform for copyright licensing. The governance structure evolves as the Licens platform and ecosystem mature over time. The more developed the protocol, the more decentralized the governance will be.
Age
Attribute
Description
Genesis
Maturity
The concept of Licens and the core of the licensing platform are being developed and examined by the founding team. Only a few invite-only creators have access to the minimum viable product. No revenue is expected.
Token Distribution
No issuance or circulation of LICA.
Governance
100% control by the founding team.
Exploration
Maturity
The beta version is launched publicly to creators. The primary goal is to onboard more creators and optimize the onboarding experience.
KPI
Monthly active users (MAU) & Monthly active listings (MAL)
Token Distribution
LICA token and L2E are launched. A one-time issuance to the protocol treasury and the founding team is made.
Governance
Upon the launch, 100% of issued tokens are held by the treasury and the founding team, who has the voting power. Therefore, the protocol is still governed by the founding team.
Commercial
Maturity
The protocol is ready to scale and can support a large volume of transactions. The primary goal is to educate the market and drive more licensing transactions.
KPI
Monthly Gross Merchandise Value (GMV)
Token Distribution
POR is launched. More and more tokens are issued to users and staked into the protocol.
Governance
As more tokens are staked into the protocol, creators and licensees gain more voting power. They participate in governance through proposals and voting. The majority of voting power is still expected to be held by the founding team.
Industrial
Maturity
The focus is on building an inclusive and healthy ecosystem across industries. An enterprise solution is built for professionals and creative agencies to meet their special needs. Developers can build new features and services upon the protocol with API access.
KPI
Monthly Recurring Revenue (MRR)
Token Distribution
Explore a new token rewarding mechanism for developers and partners in the ecosystem.
Governance
As the protocol gains traction and transaction volume, the community becomes the majority in voting power. The founding team still has a large influence on the direction and is the major force to drive protocol development.
New Age
Maturity
The protocol becomes a strong foundation for a fast-growing community. With developers and partners in the ecosystem, the protocol is self-evolving and potentially expands to fields beyond copyright licensing.
KPI
Levels of decentralization and autonomy
Token Distribution
A significant amount of tokens is awarded steadily to the community based on their contributions. LICA liquidity increases from the growing liquidity pool and exchange listings.
Governance
The founding team becomes an equal partner in the ecosystem and eventually hands over the protocol completely to the community. The DAO voting mechanism is optimized so that no single party can manipulate the system and hijack decision-making without majority approval.
