Council Members 0 active
The council reviews proposals and can fast-track referendums
Submit a Proposal
Proposals require a minimum deposit of 1,000 VRDX. If the proposal is rejected, the deposit is slashed.
How Governance Works
1. Proposal — Any token holder can submit a proposal with a minimum deposit of 1,000 VRDX.
2. Seconding — Other members can "second" a proposal to show support. The proposal with the most support enters the referendum queue.
3. Referendum — The proposal goes to a public vote. All token holders can vote AYE (approve) or NAY (reject).
4. Enactment — If approved, the proposal is scheduled for enactment after a delay period.
5. Council — The 21-member council can fast-track proposals, cancel referendums, and manage treasury spending.