🏛️Governance
The X World Games platform serves two primary functions: a forum for discussing and reviewing X World Games Improvement Proposals (XWGIP), and a voting medium for the community to decide on the implementation of these proposals by the DAO.
Voting Process
The process for introducing and passing proposals is as follows:
An XWGIP can be submitted via our platform. This proposal is intended to stimulate interest and instigate productive dialogues. These conversations can be further pursued in our dedicated Discord channels, namely "X World" and "Governance".
Once a quorum is achieved, denoting substantial community participation and engagement, the discussion proceeds to a formal Snapshot voting phase. This phase endorses the proposals and prepares them for DAO implementation.
Typically, this voting process spans a duration of 24 to 48 hours.
Voting Eligibility
Eligibility for casting votes is restricted to $XWG holders.
Snapshot
The Snapshot Voting process is entirely contingent on your $XWG holdings on BnbChain. In order to partake in the voting process, you are required to link your wallet to our Snapshot page, which will be disclosed at a later date. Once connected, your $XWG holdings will automatically manifest. It is imperative that your connection is established with the BnbChain network.
For an XWGIP to be ratified, it must attain a quorum and receive a 'for' vote that is equal to or surpasses 75% in the Snapshot vote.
We are X Games DAO!
The underlying principle of a Decentralized Autonomous Organization (DAO) facilitates this entire process. In a DAO, governance and decision-making are distributed among its community members, typically token holders, in a democratic manner. Here, $XWG holders act as decision-makers, playing an active role in shaping the future of X World Games.
We eagerly anticipate the continued construction of X World Games in concert with our vibrant and engaged community!
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