3. DAO Voting Type I
All DAO members may vote for a Proposal (1 GT = 1 vote). GTs staked in support of the Proposal at the “List of Proposals” stage are counted as "FOR" votes. The tokens used to vote are staked and remain staked until the DAO Voting is completed.
The Proposal is approved if:
· Votes “For” the Proposal are at least 5% (V, "minimum Proposal approval threshold") of the total number of GT tokens;
· There are more "For" votes than "Against" votes;
· The amount needed to implement the Proposal is available in the DAO Treasury at the end of the vote;
· The Board of Protectors voted "For" by a majority vote (customizable option).
The DAO voting period for each Proposal is T2=72 hours. A Proposal that is not accepted can be resubmitted for a vote after a specified period of time of T4=90 days.
Last updated