Voting
VoxDAO aims to ensure the voting process and power is fair and transparent to both $VXL and VoxCitizens for a successful decision making outcome.
Voting power
VoxCitizens validation phase (100% VoxCitizens)
In this validation phase, only VoxCitizens will be called to vote.
1 VoxCitizens = 1 Vote
VP Vote phase (50% VoxCitizens+ 50% $VXL)
In this validation phase $VXL in stake and VoxCitizens NFT in stake can vote.
1 $VXL = 1 vote
1 VoxCitizens = 1 vote
1% of the supply of VXL has the same voting power as 1% of the supply of VoxCitizens NFTs.
The final vote will be calculated according to the following formula:
Voting process
- 1.Voxel X Network Multisig makes the proposal available for voting.
- 2.$VXL and VoxCitizens vote in the Voxel X DAO webpage, the voting options are “In favor” and “Against.” Voting “In favor” means the voter is in favor of implementing the VP exactly as-is. Voting “Against” means the vote is against implementing the VP exactly as-is.
- 3.The voting for each proposal duration is according the VP priority: Low – 7 days Medium – 5 Days High – 3 days
- 4.Proposals that receive a majority “In favor” vote are moved into implementation.
Last modified 7mo ago