> For the complete documentation index, see [llms.txt](https://docs.v2.like.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.v2.like.co/general-guides/governance/liquid-democracy.md). # Liquid Democracy Does the LikeCoin DAO have democracy? {% hint style="warning" %} The documentation is designed for Liker Land and LikeCoin v2. For information on [3ook.com](https://3ook.com/) and LikeCoin v3, please visit [docs.3ook.com](https://docs.3ook.com) and [dao.like.co](https://dao.like.co/). {% endhint %} ![Liquid Democracy](https://1249647148-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LL4mdaVjNgL6A1--PV0%2F-M0rZSjJ95GbzPInQDL3%2F-M0rZfZd87_Yae73YS41%2FLikeCoin_Staking_Rewards_voting_eng.png?alt=media\&token=8fe34a02-e6af-4319-8084-7c9e964be6ac) [LikeCoin](https://like.co/) Community —— LikeCoin DAO —— governance by Liquid Democracy Anyone who owes LikeCoin is a stakeholder, every stakeholder can have a stake in the governance of the LikeCoin DAO LikeCoin is a token, LikeCoin chain is it's blockchain, adding together is a DAO (decentralized autonomous/democratic organization). The way to come into group decisions by the DAO is called "Liquid Democracy". In Liquid Democracy, all holders of LikeCoin are stakeholders. The amount of LikeCoin owned by an individual or organization reflects their stake. A Liker delegates LikeCoin to a validator they trust, just like representative democracy where people vote for a representative. But liquid democracy is one step ahead; stakeholders decide who to choose and the level of empowerment, as more LikeCoin delegation represents more voting power, and multiple delegations to different validators are allowed. Moreover, the delegation to a validator can be changed at any time, and there is no fixed period for the term of office. Stakeholders can choose another representative at any time. Validators have to be responsible for their stakeholders all the time. Therefore, the foundation acts as a government, and its power and executions are controlled by validators who are the representatives of citizens. Likers who have delegated LikeCoin to validators can directly vote on proposals since the [FoTan](https://cloudflare-ipfs.com/ipfs/Qmb7AYNsbRJ95dWXCYCkUbpypAVfuxMZwB1D8wFHfwrLyc/) upgrade on August 18, 2021, which facilitates inclusive democracy. {% content-ref url="/pages/-Ml8YUxPhIvfhYj\_GBFp" %} [Proposal Deposit](/general-guides/governance/proposal-deposit.md) {% endcontent-ref %} {% content-ref url="/pages/-MjDLmk3cc0xXWBAwB6H" %} [Direct Voting](/general-guides/governance/direct-vote.md) {% endcontent-ref %} {% content-ref url="/pages/-MOBt16NejkjCoH\_y-Iv" %} [Community Call](/general-guides/governance/community-call.md) {% endcontent-ref %} --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.v2.like.co/general-guides/governance/liquid-democracy.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.