In the cryptocurrency ecosystem, the improvement of governance mechanisms often signifies a project's maturity. Taking WAL as an example, its governance framework design directly affects the actual voting power of token holders.

So the question is—how do WAL holders specifically participate in key decisions? This not only involves the design of the voting mechanism but also tests the project's sincerity in decentralization. From initial centralized decision-making to gradually transferring control to the community, this process is full of opportunities as well as challenges.

True decentralized governance is not achieved overnight. It requires a comprehensive framework to ensure: token holders can effectively express their opinions, major decisions are sufficiently transparent, and the execution layer can genuinely respond to community wishes. The gradual transfer of power to the community is a key indicator of whether a project can truly mature. This transition not only reflects the project's confidence but also provides participants with substantive governance opportunities.