Community Members (EDV HODLers)
Members of the community have a say in the governance of edverse. Members can vote and propose new initiatives for the benefit of the edverse community as a whole.
A Community member (EDV HODLer) who has staked more than a threshold level of EDV tokens* is allowed to submit a New Initiative Proposal to the edverse Governance Council. During this time, the member cannot un-stake their tokens.
Once approved by the council, the Proposal will be put to the community for a vote to pass or fail.
Voting Mechanism
Each staked EDV token entitles the token holder to 1 vote.
All members will be notified in advance to the ballot. Notification will be shared on the edverse Discord server. (See links here)
A minimum percentage of the entire community* must participate in the vote for a proposal to be evaluated, otherwise it will fail.
A majority* vote will be used to determine the outcome of the proposal.
*Limits are set and updated by the Governance Council
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