6. Governance Proposals: GLUTEU Burn

6. Governance Proposals: GLUTEU Burn

6.1 Creating Proposals

To propose a change or new initiative, the initiator must burn a set amount of GLUTEU (e.g., 1,000 tokens), preventing spam and ensuring only serious proposals move forward. This mechanism:

  • Deflationary: Gradually reduces GLUTEU’s overall supply.

  • Quality Control: Genuine proposals are more likely as each idea costs GLUTEU to introduce.

6.2 Real-Time Tally & End

  • Real-Time Voting: As seats vote, totalVotes changes live.

  • End Proposal: Once the voting period closes, final totalVotes is locked, and the distribution snapshot occurs in the Senate Coffers.

Last updated