edverse whitepaper
  • Welcome to edverse!
  • Overview
    • Concept of edverse
      • Challenges of the existing education landscape
      • Addressing these challenges
      • The edverse revolution
      • How is edverse better than other Metaverse companies
      • How is edverse better than other Ed Tech companies
      • The Edverse Opportunity
    • Team and its legacy
      • Our Legacy
    • edverse Platform Features
      • Platform Features
        • The Metaverse Landscape
        • Immersive Courses
        • AI Assistant
        • LearnSpaces
        • Creator Tool
        • Marketplace
      • Official Links
    • Stakeholders and their roles
      • Educator
      • Learner
      • Creator
      • Promoter
    • Edverse Assets
      • Ed-NFTs
      • Promoter NFTs (Land)
      • Ad-NFTs
      • e-Cruisers NFTs
      • Style NFTs
    • EDV Token
      • Earning Tokens
      • Token Utility
      • Network effects
      • Demand Drivers
      • Allocation
    • Governance
      • Governance Council Functions
      • Governance Council Members
      • Community Members (EDV HODLers)
      • Other Protocols
      • Content Reviewer
    • Partnerships
      • Elysium
      • Polygon
      • Investors and Strategic Partnerships
      • Institutions who have partnered with us
    • Roadmap
    • Recognition and Awards
    • Platform Revenue Streams
    • Disclaimer
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  1. Overview
  2. Governance

Community Members (EDV HODLers)

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Last updated 1 year ago

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

  1. Each staked EDV token entitles the token holder to 1 vote.

  2. All members will be notified in advance to the ballot. Notification will be shared on the edverse Discord server. (See links )

  3. A minimum percentage of the entire community* must participate in the vote for a proposal to be evaluated, otherwise it will fail.

  4. 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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