WhitePaper of EMC
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  • From The Origin
  • Mission
  • Overview
  • Working Method and Topology
  • EMC Hub
  • RWA DeFi
  • EMC DAO
    • Introduction to EMC DAO
    • DAO Incentive Plan
    • Proposal Submission Guidelines
    • Voting Procedures
    • Security Council Charter
    • Treasury Management Policy
  • Utility Token of Computing Power
  • Tokenology of $EMC
    • Distribution of Tokens
    • Usage of Token
    • Acquisition of Tokens
    • Dual Deflation Model
  • Start
  • Roadmap
  • Partners of Ecosystem
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  • Introduction
  • Validation and Outcome
  1. EMC DAO

Voting Procedures

Introduction

The Voting Procedures for the EMC DAO are designed to provide a clear and structured framework for conducting and validating votes on governance proposals. The procedures aim to ensure transparency, fairness, and effective community participation in the decision-making process within the EMC ecosystem.Voting Process

  1. Proposal Review Period: Once a proposal is submitted and passes the initial review, it will enter a review period during which the community can assess its merits and potential impact.

  2. Voting Period: Following the review phase, the proposal will proceed to a voting period. Staked $EMC token holders will have the opportunity to cast their votes based on their respective voting power, determined by the duration of their stake.

  3. Quorum Requirement: A minimum threshold of participation, as determined by the EMC DAO, must be met for the vote to be considered valid.

  4. Voting Mechanism: The EMC DAO will utilize a secure and transparent voting mechanism, such as snapshot or on-chain voting, to ensure the integrity and immutability of the voting process.

Validation and Outcome

  1. Vote Tallying: Once the voting period concludes, the votes will be tallied and validated to determine the outcome of the proposal.

  2. Outcome Notification: The outcome of the vote will be promptly communicated to the community, along with the necessary steps for implementation or further action based on the result.

  3. Record-Keeping: A comprehensive and immutable record of the voting results will be maintained to ensure transparency and accountability within the EMC DAO.

The Voting Procedures outlined above are integral to fostering a robust and participatory governance framework within the EMC ecosystem. By adhering to these procedures, stakeholders can actively contribute to the decision-making process and help shape the future development of the EMC network.

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Last updated 1 year ago