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. 1.
    Voxel X Network Multisig makes the proposal available for voting.
  2. 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. 3.
    The voting for each proposal duration is according the VP priority: Low – 7 days Medium – 5 Days High – 3 days
  4. 4.
    Proposals that receive a majority “In favor” vote are moved into implementation.