Governance
Unchain X Governance builds a framework for the growth of the entire UNX ecosystem through the Unchain X DAO, which utilizes a consensus that operates governance through voting. DAO will determine the main issues of the UNX protocol. Unchain X creates an ongoing demand for UNX to secure voting rights (UNX) through its governance structure and encourages more participation in UNX ecosystem. This will not only form a stable price support base for UNX, but also form a virtuous cycle structure for UNX with the activation of governance and DAO.
Governance Voting Registration Procedure
Agenda Registration
To register a proposal, the proposer must hold at least 0.15% of the total issued UNX at the time of proposal registration.
The proposer can only select one option among changeable options, and the proposal registration fee is 250UNX (the 250UNX used as the registration fee will be burned).
Voting
At the beginning of the voting period, a snapshot of the entire UNX is taken.
Each wallet can exercise voting power based on the snapshot processed UNX, and changes cannot be made during the voting process.
Additional UNX acquired after the start of the vote cannot be used for additional voting.
Audit
At the completion of the vote, if the following two criteria are met, it is approved (passed), otherwise, it is canceled (rejected).
Minimum Participation Requirement: Based on the quantity of eligible voting power, with a minimum of 20% participation.
Majority Approval: Met the minimum participation requirement and received approval from more than half of the total voters.
Matters approved through evaluation are subject to a lock-up period.
During the lock-up period, changes to the voting details are not possible.
Apply
Upon the expiration of the lock-up period, transactions are executed, the protocol code is modified, and the agenda is finally reflected.
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