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Governance
How does Sharknado Coin governance works?
In the first Step of the life of SHARKO tokens, our Foundation will posses the power to veto any resolved answer of a proposal during the cooldown period.
Since everything is managed by the DAO (Treasury, Token protocol etc.), a Whale or a group of people could decide to make a proposal to send all the funds of the treasury to their address, or change the parameters of the token protocol in an unethical way. The Devs must be able to prevent this.
Function | Devs can do that? |
---|---|
Move funds | Can't do. Need a public proposal first. |
Edit Token protocol | Can't do. Need a public proposal first. |
Reject passed proposal |
First users will have to propose and then vote on the proposal made on SnapShot. Once the proposal meets the approval criteria the process will advance to the next stage. If the proposal will not achieve the quorum or doesn't get approved nothing will happen.
Learn more about SnapShot....
People will have to confirm the Off-chain vote results to be parsed to the on-chain multisignature gnosis safe executor. In case of disputes, the community can choose to make the arbitrator confirm the results. Learn more about Reality.eth...
On-chain trustless execution is guaranteed by SafeSnap module built by Gnosis.
Learn more about SafeSnap...
Last modified 10mo ago