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VOTING.md

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Voting System

The voting system is implemented as follows:

  • Every DAO member gets 1 vote.
  • Every DAO member can submit a proposal to vote on.
  • The proposal voting starts a day after the proposal is submitted. This is to allow for new DAO members to be able to vote on recently created proposals.
  • The proposal votes ends at after 7 days from the beginning of the voting period. So 8 days after the proposal was submitted.
  • The DAO members that can vote are able to be in favor, agains or to abstain.
  • The proposal is considered to be approved if 25% of the quorum is reached and if the in favor are more than the against.