Key Features
Governance Token (TRUM) TRUM tokens serve as the foundation of the governance system, granting holders voting rights proportional to the number of tokens they stake in governance pools.
Voting Power: Each TRUM token staked in the governance pool equates to one vote, ensuring fairness and transparency.
Eligibility: Token holders must lock their TRUM tokens in the governance pool for a minimum duration (e.g., 7 days) to participate in voting.
2. Governance Proposal Process The governance process is designed to be user-friendly and inclusive, allowing community members to propose and vote on key initiatives.
Proposal Submission:
Any TRUM holder can submit a proposal by staking a predefined number of TRUM tokens as collateral (e.g., 10,000 TRUM).
Proposals can include platform upgrades, changes to transaction fees, or allocation adjustments for reserves and rewards.
Proposal Review:
Proposals undergo an initial review by the governance protocol to ensure compliance with platform rules and technical feasibility.
Approved proposals are published on the governance dashboard for community consideration.
Voting Period:
Proposals are open for voting for a predefined period (e.g., 7 days).
Token holders cast votes through the governance interface, with real-time updates on the voting progress.
Execution:
Proposals that achieve a predefined approval threshold (e.g., 60% majority) are automatically executed by smart contracts.
Failed proposals return the staked collateral to the proposer.
3. Decentralized Treasury Management The governance framework includes oversight of a decentralized treasury, ensuring transparent and efficient allocation of funds for platform growth and sustainability.
Revenue Allocation:
40% of platform fees are allocated to the Reserve Protection Fund.
30% are used for staking rewards and liquidity incentives.
20% are reserved for token buybacks and ecosystem growth initiatives.
10% are allocated to a Community Development Fund for governance-directed projects.
Use of Funds:
The treasury supports protocol upgrades, partnerships, marketing campaigns, and community-driven initiatives.
Token holders vote on major expenditures, ensuring funds are used to maximize platform value.
4. Incentivizing Governance Participation To encourage active governance participation, Trumnix rewards users who engage in the decision-making process.
Reward Mechanism:
Participants in governance voting earn additional TRUM tokens as a reward, proportional to their staked amount and voting activity.
Rewards are sourced from a dedicated governance pool funded by platform fees.
Token Locking Benefits:
Tokens staked in governance pools also qualify for staking rewards, ensuring users benefit from multiple incentives.
Locked tokens temporarily reduce circulating supply, creating positive deflationary pressure.
5. Snapshot Voting and Transparency Trumnix employs a snapshot voting mechanism to enhance governance efficiency and trust.
Snapshot Voting:
Voting power is calculated based on the number of TRUM tokens held at a specific block height.
This ensures fairness and prevents manipulation by late token purchases.
Transparency:
All proposals, votes, and treasury transactions are recorded on-chain and accessible through the governance dashboard.
Regular community updates provide insights into governance outcomes and fund usage.
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