Governance

Brief overview of the GOLDEN.DAO governance model

As stated previously, our model of governance is centered around our community. The model can be summarized in the following points:

• Only the Valar can submit proposals on-chain;

• Only Maia holders can vote on proposals;

• Priority is given to proposals that grow Teh Golden One’s community;

• Anyone holding the Gold 1 token can submit ideas for proposals.

This system is also summarized in the image below.

the Governance sytem outlined

The governance model can be explained with the following flow:

• Both the Gold 1 holders and Valar are able to propose ideas (off-chain) for consideration;

• Only the Valar are allowed to create on chain proposals;

• Only the Maia holders are able to vote on proposals;

• A threshold is to be set, recognizing whether a proposal has passed or failed. The threshold is subject to change upon a formula being developed based on total market cap, titrate to total supply staked and the mean number of votes analyzed throughout early stage proposals;

• The threshold works as follows: 1 Maia token counts for 1 vote. That said: the more Gold 1 staked, the more voting power a voter has. The current threshold is set at 500,000,000 votes required to pass a proposal.

• Voting periods last 24,000 blocks: roughly 4 days. The voting period is subject to change, via community vote on-chain.

• Upon failure, nothing happens, life goes on;

• Upon success, whatever effect the proposal has comes into play.