Governance

Ruferium is a digital asset created by the Noveria Federation, a community-driven and futuristic entity that seeks to establish a decentralized, transparent, and community-controlled ecosystem. Voting within the Ruferium ecosystem is conducted through smart contracts, and in order to participate in governance, voters are required to send at least 3 Ruferium tokens to the voting contract to be eligible for voting rights.

Voting will primarily focus on the governance of the Noveria population within the Layer 2 environment. Decisions related to ecosystem upgrades, strategic initiatives, and the governance of the digital world of Noveria will be made collectively by the token holders, giving the community a direct say in shaping the future of the project.

The potential incorporation of the Noveria Federation into a formal entity will provide additional support for the project in terms of software development, legal status, and operational stability.

The Jul Algorithm will be discontinued following the launch of the Layer 2 project, and all assets managed by Jul will be transferred to the Ruferium revenue distribution pool for further payments to token holders. Consequently, any governance votes concerning the Jul program will be considered void following its conclusion.