GOVERNANCE PHASES

PHASE ONE PHASE TWO TWO PHASE THREE

LODE Project Business Plan THE GOVERNANCE OF THE LODE SYSTEM IS SET UP IN THREE PHASES TO ENSURE THE PROJECT’S MANDATE IS MET WITH THE INTENTION THAT LODE COMMUNITY MEMBERS ULTIMATELY GOVERN THE ENTIRE SYSTEM.3 PHASE 1

CREATORS AS CURATORS

The network was managed by Interfix

on behalf of LODE, and the LODE SPA was developing and building the system architecture to ensure enterpriselevel readiness for market release. This protocol maximized efficiency and

reduced the time required for upgrades.

PHASE 2

SERVICE PROVIDERS AS ADVISORS

LODE and the SPA are running the ecosystem. The LODE Project will begin relying on the expertise of Service Providers and Community Ambassadors to influence decisions for the community.

While Interfix continues to guide the

project, decisions are increasingly based on input from the LODE SPAC and Community Board.

PHASE 3

COMMUNITY-BASED GOVERNANCE

The third phase of governance will pass control entirely to the LODE Community. With LODE Tokens being the governance token, LODE Token Holders wishing to participate in the governance of LODE will be given voting and decision making rights. There will still be some controls and safeguards in place, but the central organization will have significantly less

control or influence. By this point, it is

expected that almost everything will be done by community vote. While Interfix

might step up occasionally to prevent accidental disasters (like voting to set all fees to zero), for the most part, it will be hands-off and participate just like other

LODE Token Holders.

LODE community members ultimately govern the entire system.