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.

Previous5. The Senate: Senator NFT + 100k LEGION Stake for Governance & Rewards Next7. Long-Term Design: 10-Year Sablier Lock & Sponsorships

Last updated 2 months ago

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.

Previous5. The Senate: Senator NFT + 100k LEGION Stake for Governance & Rewards Next7. Long-Term Design: 10-Year Sablier Lock & Sponsorships

Last updated 2 months ago