G DAO

All proposals need to go through the following process:

Phase 1: Proposal Temperature Check - Forum

The purpose of the Temperature Check is to determine if there is sufficient will to make changes to the status quo. To create a Temperature Check for your Proposal, follow the Proposal Template and post on the DAO Governance category on G DAO Forum.

Proposal Template:

• Abstract

• Motivation

• Specification

  • Overview

  • Scope

  • Success Criteria

  • Timeline/Budget

  • References

The temperature check must be held for a period of at least 5 days. If feedback is sufficient, the proposal can move to Phase 2.

Phase 2: Vote — Snapshot

Once your proposal has passed the temperature check, you can work with the operation team to schedule a snapshot vote. The snapshot vote will last for 5 days. In order for a proposal to pass, the GP must have:

• Over 50% passing votes

• Endorsement from wallet addresses holding at least 120,000,000 G

• If the proposal is asking for funds less than $50,000 or does not implement significant change to the token/contract, the quorum for the vote is 12,000,000 G

When a proposal is passed, the changes will be implemented by Galxe’s operation team and signed by the multi-sig, if necessary.

The multi-signature wallet signers are selected and voted in by GAL holders after token generation event. They are also subject to change from future governance votes.