Empire Capital gives ECC holders the ability to submit proposals and vote on them with Snapshot. This gives the community the ability to voice their opinions and suggest ideas and strategies for the future of Empire Capital.
It is important to note that Empire Capital’s Snapshot Governance will have no rights or say over Empire Capital’s treasury or management of the Empire Capital protocol. Furthermore, once a proposal is voted approved, Empire Capital’s management team will review and either accept or deny it with a statement of supported reasoning.
- 150,000 ECC required to propose vote
- 24 hour waiting period
- 7 days for voting
Any holder that holds at least 150,000 ECC (combined from holdings on both Ethereum and Binance Smart Chain) may submit a proposal. Proposals can have multiple options. After submitting a proposal, a 24 hour waiting period is enforced before voting can begin. After this, the vote is able to voted on for 7 days.
- 1 ECC = 1 Vote
- Single Choice Voting
Currently Empire Capital governance runs on a 1 token = 1 vote model. Users can vote with tokens held on both Ethereum and Binance Smart Chain. Voting is done with Single Choice Voting, meaning only 1 option can be voted on for each proposal.