Proposals and Quorum

The following actions require the passing of a Proposal using the DAO’s governance tokens:

• Elections of Permanent Committee members.

• Amendments to the Charter.

• Allocation of tokens from the Treasury.

• Committing the DAO to specific objectives.

All other decisions are carried out by the respective Permanent Committees or by the responsible Teams.

Proposals

All Proposals will conform to the default time period of a minimum of 7 days to vote.

A proposal shall pass by a simple majority and when quorum has been reached.

• Other thresholds or vote counting methods may be created by amending this Charter through a simple majority vote.

A Governance Sub-Committee or Team may be formed to help members write proposals and guide them through the governance process.

Initial proposal forum is Snapshot.org.

• This may be changed by the Governance Committee without a Charter amendment.

Proposals shall be posted in the DAO’s Discord and may be signaled with emoji votes — which are non-binding — to create feedback-only before they are posted for a binding vote.

Quorum

Quorum is calculated from the number of $ALXIA tokens in “circulation among DAO Members”.

• “Circulation among DAO Members” is defined as the number of governance tokens held in DAO Member Wallets and tokens delegated to such wallets.

  • DAO Member Wallets are defined as one containing a valid DAO Membership NFT.

Tokens excluded from voting and quorum calculations

• Tokens held by the Treasury, the Committees, or Team wallets do not carry any voting power and do not count towards quorum as these tokens may not be delegated.

• Tokens held by non-members or that are not delegated to a Member in good standing are excluded from quorum calculations.

• Unminted tokens are not in circulation.

The default quorum threshold is 15% of governance tokens in circulation.

• E.g. If we have 1,000 total tokens in circulation, then we’ll need 150 tokens to vote to reach the quorum threshold.

• The DAO may change the default quorum threshold by vote.

The Quorum threshold is defined by the total number of tokens that have voted in a proposal.

• The DAO may create different types of proposals that require a higher or lower quorum threshold through the existing proposal process.

The Governance Committee is responsible for setting the process for proposals not explicitly defined in this Charter.

• If two consecutive proposals fail due to not meeting quorum, the quorum requirement is halved.

  • Once a proposal passes, the previous quorum threshold is reinstated automatically.