Governance
Introduction
Traditional finance operates through centralized authority; blockchain governance often operates without regulatory oversight. Banc unites these two worlds.
Banc Governance is a hybrid decentralized structure — a blend of DAO transparency and regulator accountability. It ensures that every network upgrade, compliance update, or treasury allocation is executed lawfully, securely, and verifiably.
Governance in Banc is not a political process — it’s a policy execution framework designed for financial-grade trust.
Governance Architecture
Banc’s governance model has four interacting layers of authority:
┌──────────────────────────────────┐
│ L1. Regulator Board │ ← Compliance & Legal Oversight
├──────────────────────────────────┤
│ L2. DAO Council │ ← Strategy, Treasury, Protocol Policy
├──────────────────────────────────┤
│ L3. Node Assembly │ ← Technical & Operational Voting
├──────────────────────────────────┤
│ L4. Community Forum │ ← Public Proposal, Discussion, Signal Voting
└──────────────────────────────────┘Each layer has a defined scope, ensuring decentralization without compromising institutional legitimacy.
The Governance Layers Explained
1. Regulator Board
Composed of verified Regulator Nodes from multiple jurisdictions.
Approves or vetoes updates to compliance modules.
Co-signs DAO votes for compliance-critical proposals.
Issues formal attestations for external regulators.
2. DAO Council
Core strategic body of Banc.
Responsible for:
Treasury and grants allocation.
Protocol upgrades.
Ecosystem partnerships.
Coordination with Regulator Board.
Council members are elected every 12 months by $BANC holders.
3. Node Assembly
Includes validator, auditor, and compliance nodes.
Executes governance-approved upgrades.
Proposes network-level improvements (BIPs — Banc Improvement Proposals).
Reports on node performance and uptime.
4. Community Forum
Open to all $BANC holders.
Serves as an idea incubation layer.
Uses signal voting to prioritize proposals for Council review.
Dual-Signature Governance Model
Banc employs a dual-signature model for all on-chain governance executions.
DAO Signature
Community & Council
Validates network and economic decisions.
Regulator Signature
Regulator Board
Confirms legal and compliance integrity.
Both signatures are required before any action takes effect.
Governance Execution Flow
This structure guarantees that community autonomy and regulatory oversight coexist in balance.
Proposal Lifecycle
All governance decisions in Banc follow a transparent, five-stage lifecycle:
1. Submission
Any verified member or institution submits a BIP (Banc Improvement Proposal).
2. Review
DAO Council + Regulator Board evaluate technical and compliance implications.
3. Voting
Community and node participants vote using quadratic weight (anti-whale system).
4. Co-Signature
Regulator Board validates compliance-critical elements.
5. Execution
Smart contracts implement approved changes after a time lock.
Voting System
Voting Methods
Direct Vote
Simple yes/no on protocol changes.
1 token = 1 vote.
Quadratic Vote
Community-focused funding proposals.
Weighted by √tokens.
Delegated Vote
Allows proxy voting to DAO representatives.
Assigned voting power.
Compliance Vote
Regulator Board-only voting.
Jurisdictional signature authority.
Voting occurs on-chain using Banc’s Governance Smart Contracts, which record:
Vote weight
Timestamp
Jurisdiction signature (if required)
Execution hash
Treasury Governance
The Banc Treasury funds ecosystem growth, development, and regulatory integration.
Sources of Treasury Funds
Transaction and proof verification fees.
Compliance Pool contributions.
Slashing penalties from malicious nodes.
Token emissions for network incentives.
Investment returns from DAO-managed funds.
Last updated