Governance on VirtEngine

Validators and delegators vote with bonded stake on parameter changes, software upgrades, and chain configuration. Economic parameters — staking targets, validator-fee parameters and issuance policy — are chain state, adjustable by proposal rather than by decree. Marketplace commission is set to zero. If you delegate, your stake carries governance weight; using it is part of the job.

The most consequential governed object is the approved-client list in x/config: the set of client interfaces permitted to submit VEID identity data. Because identity capture happens in software, the integrity of that software is a trust decision — and VirtEngine puts it to a stakeholder vote with a public proposal trail, rather than leaving it to any single party.

• Marketplace commission — 0% of settled marketplace payments
• Validator transaction-fee parameters — proposed at approximately 90% below standard networks
• Issuance policy — VEID-led 15-token batches: 14 to eligible humans and 1 to the Foundation genesis account
• Chain configuration — operational parameters queryable as state

Privileged capabilities resolve through the roles module (x/roles): auditor status, administrative operations, and configuration changes all require appropriately-roled accounts, with role grants themselves recorded as transactions. Administrative power on VirtEngine is enumerable — you can query who may do what.

Above the chain sits DETIO FOUNDATION LTD, an Australian not-for-profit public company limited by guarantee (ACN 699 651 771) that stewards the protocol, patent rights, identity system, chain, and token. Its constitution imposes a public-benefit lock: no operation for private commercial interests, no dividends, no private capture of the IP — and on winding-up, assets pass to another public-benefit entity.

The division of labor is deliberate: stakeholders govern the running protocol; the foundation's constitution guarantees no one can take the protocol itself private.