How Is the Concept of ‘Vote Buying’ Addressed in Decentralized Governance Models?
Vote buying, where a third party pays token holders to vote a certain way, is a persistent challenge. While difficult to eliminate entirely, models are being developed to make it less effective.
One approach is 'secret voting' or 'commit-reveal' schemes, which make it harder for the buyer to verify the voter's action. Another strategy involves 'non-transferable' governance tokens or 'soulbound tokens' that are permanently linked to a wallet.
Furthermore, a strong community culture and clear anti-corruption rules, enforced by the DAO, act as deterrents.