2. Platform governance

To promote decentralised community governance for the network, $SIMP would allow holders to propose and vote on governance proposals to determine platform development priorities, features, and partnership, and to change major metrics of the platform, with voting weight calculated in proportion to the tokens staked. The right to vote is restricted solely to voting on features of the SO-COL platform; it does not entitle $SIMP holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors or similar bodies of these entities, or determine the development direction of these entities, nor does $SIMP constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership. After governance launch there will be no individual or corporate entity or other active promoter, sponsor, or group or affiliated party that maintains sole control over the SO-COL platform.