Governance

It is indeed feasible to implement a separate governance contract and stack shares to the governance contract to receive the corresponding number of governance voting powers.

Community proposals are split into two stages, drafts and formal proposal

  1. Any shareholder in the community can initiate a draft, and all members in the community can each give ONE vote to a single draft by their voting powers. The proposal council will periodically turn the top ranked draft into a formal proposal.

  2. When the proposal council makes a formal proposal, all members are encouraged to vote with the governance voting powers they have. The formal proposal needs to receive at least 51% of the voting threshold during the voting period to pass.

A portion of the operating funds is funneled into a voting reward pool, which distributes rewards to each formal proposal, and participants will be rewarded at the end of the voting period for their engagements.

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