5. Governance

The CreDA protocol is committed to decentralized governance and creating an ecosystem fully autonomously directed by the community. The Development team has divided the process of decentralizing governance into three phases:

• Phase 1: Issue CreDA protocol token and establish core community

• Phase 2: Launch DAO V1 and open governance channels such as community proposals and voting

• Phase 3: Start DAO V2. The Development Committee will transition to a DAO to achieve complete decentralized governance and decision-making