# Governance

BullBit is committed to a decentralized governance model, where $BUBI token holders and Bull Node operators can actively shape the future of the protocol.

**1. The Role of $BUBI and BON**

Holding $BUBI tokens and/or operating a BON grants users voting rights and influence over governance proposals.

**2. Proposal Process (BULLBIT)**

Key decisions - such as protocol upgrades, parameter adjustments, new token standards (e.g., BULLBIT-1 for native tokens, BULLBIT-2 for liquidity tokens), and governance rules for AI Forge and BON—are proposed through the BullBit Improvement Proposal (BULL) process and voted on by the community.
