We built Loot NFT to be fully decentralized eventually. A central component of this design is that members can govern over the ecosystem. The system we created followed research in the field of governance and democratic procedures.
We designed a system that gives those active in the ecosystem a powerful voice (or weight) while allowing everyone to regulate when that voice is applied. Anyone in the parliament can push a motion forward to change variables in the ecosystem; however, before it is voted on, at least 25% of all parliamentarians must agree to put the motion to a vote. Then, over 50% of all weight of parliamentarians is required to pass the vote. If successful, the variable is changed within 24 hours.
There are five levels, from Councillors, Lower House, Upper House, Cabinet Members, and Law Lords.
Parliamentarians must pay an annual fee in LTT to sit in the parliament, with fees going up significantly the higher the office. LTT is burned in this process. The higher the office, the more limited the seats, and the larger a vote's weight (or voice).
Parliamentarians can only change specific parameters of the ecosystem but not its design. E.g., change the mining ratio, joining fees, and other parameters that can significantly affect the gamification aspects of the ecosystem and its attractiveness. However, they cannot change the number of NFTs in a set, the number of plots available in Loot NFT world, and the like.