# Decentralisation and Governance

There should exist no single entity with central bank-like powers over the token ecosystem. The nature of Ethereum smart contracts means the public address of the user making the deployment is the ‘contract owner’.

This means that Vow Limited, as the entity which deployed the initial contracts needed to relinquish ownership control of the network in order to be properly decentralized. This happened on the 5th of August 2023. Over 1700 people have now registered to vote.


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