Hidden Bounty will implement a progressive governance system that transitions decision-making authority to our community over time, ensuring a balanced approach between efficient platform development and community input.
Implementation Timeline
Phase One (Month 6)
- Introduction of basic voting mechanisms
- Community input on non-critical platform parameters
- Initial community feedback systems
Phase Two (Month 12)
- Launch of core DAO functionality
- Expanded voting capabilities
- Greater community control over platform direction
Phase Three (Month 18)
- Advanced governance features
- Automated proposal execution systems
- Enhanced community control mechanisms
Voting Power Structure
To ensure fair representation while preventing centralisation, voting power will be calculated using multiple factors:
Base Voting Power
- 1 vote per 1,000 $BOUNTY tokens held
- Maximum cap of 2.5% total voting power per holder
- Prevents excessive influence by large holders
Voting Modifiers
Our system will reward active community members through:
- Platform participation metrics
- Community engagement levels
- Contribution history
Proposal Categories & Requirements
Different types of proposals will require varying levels of community consensus:
Standard Proposals
- Feature requests
- Challenge parameters
- Platform improvements
- Requires simple majority (>50%)
Treasury Proposals
- Fund allocation decisions
- Reward structure changes
- Requires 66% approval
Critical Changes
- Major system modifications
- Core mechanism changes
- Requires 75% approval
- Minimum participation threshold
This governance structure is designed to evolve with our platform, ensuring that the Hidden Bounty community has an increasingly significant voice in the project’s future while maintaining the stability and efficiency necessary for successful operation.
Note: Final governance implementation details may be adjusted based on platform development and community needs.