Governance Parameters
Upon inception, SX Network governance will utilize voting system for the SX stakers to vote on parameter or treasury proposals.
Governance parameters are initiated with the following parameters:
  • 0.01% of SX total supply (100,000 SX) to submit a governance proposal
  • 25% of staked SX required to vote ’yes’ to reach quorum
  • Simple majority (50% + 1) of total votes on all governance decisions to pass
  • 7-day voting period
  • 2-day time lock delay on execution (i.e. implemented 48 hours from passing)
Over time, SX Network will increasingly shift towards a market-based governance system.
Last modified 5mo ago
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