The goal of the SuperVerse DAO’s voting process is to make voting transparent, fair, and low-cost for the community. That is why Snapshot is the proposed voting tool for the DAO. DAO members can participate in the decision-making of the DAO through a voting system on Snapshot. The voting mechanism will be continuously monitored to ensure it meets all the requirements of the DAO.
- 1.SuperVerse admins are responsible for posting SVIPs to Snapshot or the DAO approved voting tool. SVIPs are only posted after ensuring that each one has gone through the appropriate approvals process. Once the SVIP is posted, the six-day voting window commences.
- 2.SuperVerse DAO members vote on Snapshot. One staked $SUPER is equal to one vote. Votes cannot be divided into fractions and the total number of votes shouldn’t ever exceed the number of tokens minted. The number of votes will be rounded down if a fractional number of tokens is owned by the voter (i.e., 100.1 tokens will result in 100 votes, and so will 100.9 tokens). The voting options for a live SVIP are “In favor” and “Against.” Voting “In favor” means the voter is in favor of implementing the SVIP exactly as-is. Voting “Against” means the vote is against implementing the SVIP exactly as-is — you may vote “Against” to encourage the SVIP Author to resubmit the SVIP after making changes.
- 3.The voting for each proposal will be for six days and closed by an admin once the voting has closed.
- 4.Proposals that receive a minimum engagement of 5% of the circulating supply of $SUPER and have at least 60% of votes “In favor” of the proposal are moved into implementation. Proposals that are rejected will have the chance to be resubmitted via the appropriate Resubmission Template if the SVIP Author contacts an admin to initiate this process. If by the Vote Close Time the SVIP has not gotten any votes or is tied, it will be designated as “Stalled” and be eligible for Resubmission.