Governance
Liquidium is implementing a decentralized governance system that empowers token holders to actively participate in shaping the future of the platform. Our governance model is designed to be simple, effective, and aligned with our overall tokenomics.
Governance is done via Votico: https://app.voti.co/timeline/661d495505ffada5d66388d5 Note: Votico is not affiliated with Liquidium.
You can find Votico's docs here: https://votico.gitbook.io/votico
Governance Process
Proposal Creation: Currently only authors and admins can create governance proposals for changes or improvements to the Liquidium platform due to the limitations of Votico. It is encouraged to start governance discussion on Liquidium's official Discord in the governance channel so authors and admins can create proposals related to the discussions to let LIQUIDIUM•TOKEN holders vote on them.
Voting: All LIQUIDIUM•TOKEN holders are eligible to vote on governance proposals. A holder’s voting power is directly proportional to the size of their token holdings. Insider tokens (Team, Investors, and Advisors) are locked until July 22, 2025 and after that 1/26th of the locked tokens will be released bi-weekly for a total additional unlock time of 52 weeks. Insiders will be able to use 25% of the locked tokens' voting power in governance.
Voting Period: Once a proposal is created, it enters a designated voting period, during which holders can cast their votes. The voting period can vary based on the significance and urgency of a proposal.
Approval: For a proposal to pass, it must achieve a majority approval (e.g., >50% of votes). A 5% quorum will be added later.
Implementation: If a proposal passes, it will be implemented by the designated software development company according to the proposed timeline.
By participating in governance, LIQUIDIUM•TOKEN holders have the opportunity to directly influence the development and direction of Liquidium. This governance system ensures that the platform remains decentralized, community-driven, and responsive to the needs and desires of its users.
Disclaimer: The Liquidium Foundation cannot implement proposals that are not legally compliant, illegal, or pose regulatory risks.
Last updated