Hi BankSocialites, welcome to the BankSocial ($BSL) Governance Forum!
Here is a quick outline of how the governance process works:
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Submit a forum post Proposal in the Proposal Discussion section.
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Get in touch with BankSocial Telegram Admins to discuss your proposal in a community call and on Twitter Space as well.
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Once you feel like your proposal has been well crafted, create another forum post in the Temperature Check section to initiate an off-chain temperature check vote with minimum 5 days voting time. This action requires at least 50 votes to move to on-chain consensus check. Please, Update the temperature check post with the community feedback in the proposal post. Proposal posts are where you get most of your initial community feedback.
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Once a temperature check has 50 votes, the mod team will publish a BIP Consensus Check (consensus check). The snapshot would be deemed valid if at least 1B $BSL participates between both chains (ETH & HBAR), and the consensus check is voted to pass. If a Consensus check reaches 2B $BSL participation in the first 5 days the vote automatically reaches quorum for a final vote, and if voted in favor, becomes a BIP.
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All proposals that pass consensus check with the minimum 1B $BSL participation will be presented to the BankSocial BSL token holders for a vote with an official BIP Vote (proposal vote) which takes 2B $BSL for a full quorum.
There are a few things you should know before jumping in to the discussion:
A democratic consensus, in our process called “quorum”, is determined by the percentage of $BSL tokens in favor of, or against, a proposal. 5% of all $BSL in existence (20B tokens) must be cast in favor in a consensus check to submit a BIP proposal for final vote, and 10% in favor in order to pass a final BIP vote.
Let´s try to keep posts in English as well. We welcome discussion on BankSocial in other languages (in, for example, the BankSocial Telegram).
Love,
Your Friendly Neighborhood Mods