Vote

The voting process on the various decision is a central component of our vision. Through the DAO, proposals will regularly be submitted.

Voting Mechanism

A voting power composant is associated with each token ID to give holder voting weight in the DAO.

Who?

For owner of Nyx's NFT called Nyxers

Where?

From Nyx's Governance portal on the DApp

How?

By verifying Nyx's token on DApp to execute their vote on binding proposals (the interface that allows token holders to delegate their votes, and allows delegates to create and vote on binding proposals).

Nyxers will have to identify themselves by connecting their Wallet to the interface to ensure that they own at least one NFT.

Quorum

A quorum was created to take the decisions after each voting sessions conducted by the Nyxers. There are specific rules to prevent a takeover of Nyx DAO. We can set different quorum based on the type of proposal (governance / investment).

• Quorum requirement (min. voters) : proposals have a quorum requirement of 50%

• Minimum approval : Require a minimum approval of 51% (of votes) to pass at the end of the Voting Period

When?

Vote are open during the voting period.

Voting Period

The voting periods are settable at each proposal submission directly into the smart contract proposal.

Delegate votes

Any holder can delegate its voting power to any other addresses. He can removed when he want this delegation, however he wouldn't be able to re-vote a proposal already voted by his delegate.