M4L GOVERNANCE PROPOSAL
NO TIME TO RELAX
We just launched our VFTLAB and is working almost 100%, obviously there are some bugs and issues that will be fixed in coming patch with a lot of updates. Anyways that doesnt mean we have time to say "ok now we can chill", nop!.
We are already creating the announcement posts of new features for the ecosystem and one is the governance, we can use the archon system which seems cool, or something like this:
governance for the newbies is having the possibility to take part in the decisions for the future of M4L and his ecosystem. Honestly is not a 100% power in governance because you still need to choose between the possibility of what the team can do.
So the idea is to create a new official account, lets call it Account x. Now lets say, we are deciding the rates of comission and earnings for the VFTLAB and the musicians with our coming feature.
So we can open a debate in our discord and a post, asking for proposal for this topic, finally we find 2 "most asked" proposals.
is just an example.
A) The artist gets 75% of the earnings, VFTLAB will get 25% of which 20% is burned and 5% for development.
B) The artist gets 80% of the earnings, VFTLAB will get 20% of which 15% is burned and 5% for development.
After we announce these popular proposals, the idea is that you can send the equivalent for "$0.50 or $1" in VIBES to this Account x with a memo including "Option A" or "Option B" and after X time the votes are counted.
- All the votes counts the same as doesn't matter if you send 1000 VIBES your transaction will still count as one vote
- Yep, one account = one vote.
- The VIBES sent to this account will be burned
- The option most popular will be elected and developed.
¿Do You Like The Idea?
Stay tuned and always spread good vibes!
SOCIAL MEDIA 🎶