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Governance
One of the most exciting facets of a community-owned sports betting platform is the idea of a community-managed treasury. This treasury will be in charge of accelerating the SportX ecosystem through community incentives (e.g. liquidity mining), marketing initiatives (e.g. betting tournaments), and other strategic partnerships.
SX holders are responsible for ensuring that governance decisions are made in compliance with applicable laws and regulations. Governance proposals should factor in legal and regulatory concerns before implementation. In order to vote on any proposal, SX tokens must be staked.
Users can create proposals through the governance.sportx.bet UI
Governance parameters will be initiated with the following parameters:
- 0.01% of SX total supply (100,000 SX) to submit a governance proposal
- 25% of staked SX required to vote ’yes’ to reach quorum
- Simple majority (50% + 1) of total votes on all governance decisions to pass
- 7-day voting period
- 2-day time lock delay on execution (i.e. implemented 48 hours from vote passing)
Last modified 1yr ago