initial deposit
of at least 1,000 FX. The initial deposit
will be counted as part of the entire deposit of initiating the governance voting.voting period
), all proposals are required to have a minimum amount of FX deposit, referred to as the deposit threshold or min deposit
. The min deposit
is currently set at 10,000 FX. This parameter can be changed via governance.max deposit period
or the deposit period where other FX holders can increase the proposal's deposit by sending a Deposit transaction. The max deposit period
is currently set as 14 days.min deposit
of 10,000 FX is reached, the proposal will automatically enter the voting period
.max deposit period
. Dick deposits 8,000 FX to the same proposal 2 days later. The total deposit is now 9,002 FX. Harry then deposits 1,000 FX a few days later. After Harry's deposit, min deposit
has been reached and the proposal enters the voting period
.voting period
as the min deposit
has been reached.voting period
is currently set as 14 days. Once a proposal has entered the voting period
, a qualified FX holder will have the right to vote on the proposal.voting period
voting period
quorum
is defined as the 'minimum percentage of total staked (bonded) that needs to cast a vote for proposal to be valid'.quorum
is set at 40% and is calculated as:voting period
. Quorum is 39%. Since it did not reach quorum after 14 days, the proposal will be marked as 'Rejected' and the deposit will be burned.voting period
. Quorum is 40.01%. Since it reached quorum after 14 days, the proposal is valid and will be marked passed.quorum
is reached or notthreshold
is reached or not (minimum proportion of Yes votes for proposal to pass)veto threshold
is reached or not (Minimum value of Veto votes to total votes ratio for proposal to be vetoed)quorum
is 40%. threshold
is 50%. veto threshold
is 33.4%quorum
quorum
reachedthreshold
veto threshold
quorum
reachedthreshold
veto threshold
quorum
reachedthreshold
veto threshold
quorum
reachedveto threshold