Passing Proposals

Queuing

After a proposal exceeds the sponsorship threshold, it enters the queue and awaits voting. The queuing mechanism ensures that proposals are pooled into the voting pool in an orderly manner.

Quorum

The proposal must receive a sufficient proportion of affirmative votes (60%) to pass by the voting deadline. The proposal may be passed immediately if it receives 60% of the circulating supply of GLXY in the affirmative.

Execution

The proposal is marked as completed and is executed on the chain.