Hello LBIer's, today we are going to look and vote on the governance model for LBI
LBI tokens holders shall be responsible for selecting a governance team and governance model based on the suggestions below. Things can be changed in the future but to get the ball rolling, let's start simple and build on it.
In a nutshell, today we are looking your vote to decide 3 things we need to get started. I have already shared a basic model and time frames in a previous post. The feedback I got back was people liked the model but thought the times could be better. I am confident these's models will be good starting points for us. Both are outlined below to refresh your memory and today we will be voting on...
1/ Governance team term lengths
2/ Proposals and voting duration per round
3/ How many proposals do we vote on and how many do we pass?
This team will consist of 2-4 LBI token holders that will nominate themselves and be voted in by token holders when the time comes. This is will the first official vote after we collect the results from this vote are finalized. Once a governance team have been selected, it starts. Please see the table below with the 2 options of 3 and 6 months
There is the model. It is very simple but can be changed if required. The role of the governance team is mainly to collect and repost proposals, create, host non-biased governance voting posts, tally up the votes and post the results. What do you think is best? 6-month terms are 12-month terms
How often should we vote on proposals? In the table below, you can see how 3 and 6 months cycles will work. I had thought about including 12 months but I think 3 and 6 would be most popular and yearly is too seldom.
We have 2 options to pick from, they sort of explain themselves. Would you rather have a 3 or 6-month cycle?
This is this one that ties everything together. How many proposals should go from the pre-vote to the final vote? How many from the final vote should pass?
The one thing i would like to remind people is to use common sense and remember that voting to pass 5 proposals every 3 months make soon turn into an endless list of things to do, whereas voting to pass 3 proposals every 6 months or 1-2 every 3 months would be more achievable.
Please format your vote/comment like the example below
1/ 6 months
2/ 6 months
LBI governance voting is based on weighted voting tiers dependent on your LBI holding. We have 5 tiers ranging from 10 tokens worth 1 vote to 10k+ worth 5 votes.
1/ 10-99 LBIs will earn a vote equal to 1
2/ 100-499 LBIs will earn a vote equal to 2
3/ 500-2,499 LBIs will earn a vote equal to 3
4/ 2,500-9,999 LBIs will earn a vote equal to 4
5/ 10,000+ LBIs will earn a vote equal to 5
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