> For the complete documentation index, see [llms.txt](https://buidlerdao.gitbook.io/buidlerdao-whitepaper-en/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://buidlerdao.gitbook.io/buidlerdao-whitepaper-en/about-us/governance-principles.md).

# Governance Principles

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<summary><span data-gb-custom-inline data-tag="emoji" data-code="1f44f">👏</span> Incentive Compatibility</summary>

Each participant only needs to act according to their true preferences to achieve the positive development of the entire DAO while satisfying their own interests.

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<summary><span data-gb-custom-inline data-tag="emoji" data-code="1f602">😂</span> Effective Governance</summary>

Professional people do professional things, hierarchical governance voting, decentralized while focusing on efficiency and results; provide the best work quality with the least cumbersome procedures.

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<summary><span data-gb-custom-inline data-tag="emoji" data-code="1f44d">👍</span>Long-termism</summary>

Contribution earns reputation, reputation earns identity, and identity and reputation jointly determine income. "In order for incentives to work, the reputation system should separate social capital from financial capital."

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