Manta Network's governance model will be launched in two phases, aiming to establish a forum for stakeholders

Modular L2 blockchain Manta Network has released a governance model, which will be introduced in two phases. The Manta governance system will be launched in two phases. The first phase is about to be launched and will officially start when the token goes live. In this phase, a forum will be established for stakeholders to propose improvements to Manta (MAIP).

The second phase is currently under development and will introduce a new checks-and-balances structure, focusing on innovative and fair democratic decision-making to drive the future development and success of the network. It will introduce a "Pentarchy Council" structure, including legislative council, executive council, arbitration council, review council, and management committee.