4.4. Nutbox Proposal System
Nutbox started community governance in a decentralized manner through the Peanut Proposal System from the Peanut phase. Nutbox will inherit this tested solution. This allows NUT POWER holders to control the agreement, and the agreement and financial management can only be updated with the approval of the NUT POWER holder.
4.4.1. Process
The governance process starts with the submission of a proposal, and the community can discuss the proposal. Any individual or organization that meets the requirements can submit a proposal. Holders of NUT POWER can vote on the proposal after full discussion.
If the proposal snapshot is passed and can be directly executed through the standard contract, the approved action will be executed immediately. If code deployment is required, after the code is developed, it will be deployed after auditing and re-governance voting.
4.4.2. Prerequisite
Users need to hold 10000 NUT Power to submit proposal. Voting Power is calculated as follows:
Each NUT Power is equivalent to 1 Voting Power;
Each NUT in the NUT-WBNB Pool is equivalent to 2 Voting Power;
Each NUT Power in the Toolkits Voting Pool is equivalent to 1 Voting Power;
Indicators determined by other communities.
Threshold of proposal approval: (consent vote minus veto vote)/(all candidate vote)>30%.
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