Common use of Protocol Governance Clause in Contracts

Protocol Governance. When acting as a Validator, BTCS may participate in Blockchain Protocol level governance decisions, and use the Cryptocurrency Rights to communicate its view on future network upgrades, grant funding, and other matters. Delegator acknowledges and agrees that when a Delegator Delegates Cryptocurrencies to the Validator to earn Staking Rewards, the Cryptocurrency Rights bound to the Cryptocurrencies are transferred to the Validator for the duration of the Delegated Stake with no commitment requirement, and the Cryptocurrency Rights can be exercised by BTCS in its sole discretion. Notwithstanding, Delegator shall not be prohibited from communicating Delegator’s views and joining the applicable Supported Blockchain Network community in debating such governance proposals in accordance with the terms and conditions of such applicable Supported Blockchain Networks. The applicable Supported Blockchain Network may allow the Delegator to override the vote of BTCS. BTCS encourages all Delegators to vote when possible. BTCS shall not have, and Delegator hereby releases BTCS and its Representatives and each of their Affiliates from, any and all claims, changes, responsibility or liability resulting from Supported Blockchain Network’s Protocol votes and decisions.

Appears in 2 contracts

Sources: Platform and Staking Services Agreement, Platform and Staking Services Agreement