Voting

How to vote for on-chain and off-chain proposal.

Voting

FinanSocial Token has two main types of voting where token holders can decide on how the FinanSocial FS will be governed or how the block chain function.

Off-Chain Voting

Decisions made off-chain will determine how the FinanSocial FS will be govern, like the FinanSocial FS structure, budget approvals, and to determine if an on-chain vote can proceed to around round of voting, etc. It is the responsibility of the FinanSocial FS maintainers to execute task set by the proposal. Voting will be conducted over at our Snapshot.org.

On-Chain Voting

On-chain voting for proposals will typically result in changes to the block chain, once approved. Examples of changes to the block chain could trigger changes to the contract, release of tokens, or airdrops. Voting will be conducted at Tally.xyz (coming soon).

Voting Parameters

• Members must have FinanSocial Tokens in their wallet to cast a vote.

• Members may defer their votes to a delegate.

• FinanSocial FS maintainers are only allowed to put proposal up for voting to maintain the integrity of the FinanSocial FS mission.

• There must be a minimum number of 500 votes to approve proposals.

• Voting period on proposals will last 72 hours.

• When voting has concluded, their will be a lock down period of 36 hours before executing vote.