Governance

Proposal Process

Types of Proposals

• Koinos Garden Launch Proposals (KGLP) are investment proposals generally created by the founders and financed by the DAO.

• Koinos Garden Community Proposals (KGCP) are community proposals that serve to raise funds for marketing, listings and any other community initiative related to the Koinos blockchain ecosystem.

Community initiatives must use the KGLP form. Access the forms from our website.

• Koinos Garden Improvement Proposals (KGIP) are proposals that affect the governance of the protocol. They can only be created by DAO members or the Treasury Council.

KGPI encompasses investment proposals that involve a change in the protocol or affect the use of treasury funds. Yield Farming, for example. Access the forms from our DApp.

Voting Rights

How are voting rights determined?

All members holding an NFT have voting power.

How do members vote?

Through the Koinos Garden DApp.

Can a member delegate his or her voting rights?

Members are not required to vote on all proposals. Any member may delegate his or her voting rights.

Is it possible to cancel and/or re-delegate your voting rights?

Yes.

Does delegating voting rights on investment proposals affect a member's right to proceeds?

No.

Due Diligence

How does due diligence work?

First, the founders expose an initial draft to the community. Subsequently, DAO members perform due diligence.

Is there a temperature check voting?

No. The temperature check is based on informal discussions in our Discord channel.

Governance Consensus

How much does each vote weigh?

One NFT, One vote.

What is the acceptance threshold for each proposal?

KGIP and KGLP proposals need a quorum of 30% with at least 51% acceptance to be formalized.