GENESYS BLOCKCHAIN
  • ⛓️GENESYS BLOCKCHAIN (GCHAIN)
    • ⛓️GCHAIN
    • ✅What is GCHAIN?
    • ✅Proof of Authority
    • ✅Validators
    • ✅(GSYS)
    • ✅How to add Gchain to your wallet
    • 📚Glossary
    • ⚠️Terms & Conditions
  • 🐘GENESYS WALLET (GWALLET)
    • 🐘How to create your Gwallet
  • GENESYS VIEWAPP
    • 📊GVA General Aspects
      • 📈Why GVA?
        • 📊GenesysView App
        • 📈GVA products & Services
        • 📈GVA Features
        • 📈GVA Launchpad
          • Connect Wallet
          • Change Network
          • Let's Connect
          • Coin Crafter
            • Mint Coin
            • My Token Collection
          • Genesys Platform
            • Launch Pre-sale
            • Pre-sale Directory
          • Reward Lock
            • Set up Pool
            • Pool Ledger
          • Prize Draw
            • Launch Simple Lottery
            • Lottery Roster
          • Secure Vault
            • Establish Secure Lock
            • Token Secure Storage
            • Liquidity Vaults
          • Utility Kit
            • Multisender
            • Wrapped Converter
            • D-vote
            • Soon!
            • Market Maker
          • Collaboration Hub
        • 👨‍💻GVA P2P exchange
        • 🔐GVA Privacy & Security
  • BLUELOTUSDAO
    • Introduction
      • Best returns/yield for Liquidity Providers (LPs)
      • Best Rates for Traders
    • BlueLotusDAO Products
      • 🔁Exchange
        • Token Swap
        • Time to Trade
        • LPs (Liquidity Pools)
        • How to Add/Remove Liquidity V2
        • How to Add/Remove Liquidity V3
      • 🚜Farming
        • How to Use Farms
      • 🪙Pools
        • How to Stake in Pools
      • BlueLotusDAO Protocol
        • How BlueLotusDAO works
        • Programmable Pricing Curve
        • Dynamic Fee
        • BlueLotusDAO Ecosystem
        • Adding Liquidity in BlueLotusDAO
        • Protocol Fee
        • BLDT TOKENOMICS
          • BLDT Description
          • Deflationary Mechanisms
  • BLUELOTUSDAO GOVERNANCE
    • Introduction
    • Native Token
    • Governance
      • 📝Summary
      • 📚Categories
      • 🤝Voting
        • Voting Authority
      • ⚙️Governance Process
        • Governance Stages
          • Temperature Check
          • Consensus Check
          • Governance Proposal
      • 🔗Security
      • 🌎Blue Lotus Foundation
  • BLUE20-BRIDGE
    • Blue20-Bridge Intro
    • Blue20-Bridge
    • How to use Blue20-Bridge
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  • Committee Node
  • Supporter Node
  • Vote Weight
  1. BLUELOTUSDAO GOVERNANCE
  2. Governance
  3. Voting

Voting Authority

In the BlueLotusDAO ecosystem, there are two categories in which the minimum number of tokens to own and their voting authority are specified.

Committee Node

The committee nodes were created as an initiative of the Board of Directors, to give value to those holders who continue to support the protocol from its initial stage of the project.

Each node holder must stake a minimum amount of BLDT. These nodes can no longer increase in number as it is a fixed number, in total there will be 23.

Anyway, the support node is for those just starting out in this Ecosystem.

Supporter Node

This node was created because while the number of Committee Nodes can no longer increase, any BLDT holder can apply to become a Support Node at any time.

Any BLDT address above the minimum token requirement can be applied through the smart contract and become a supporter node.

Node Level
BLUEG Minimun Hold
Voting Authority

Root Node

TBD

10%

Seed Node

TBD

25%

Haulm Node

TBD

40%

Vote Weight

All the different nodes when delegating their votes have the same relationship, 1 Node = 1 vote, what changes is the weight of the vote for the supporter nodes category.

The number of governance tokens only affects the level of node you belong to, not the number of votes.

In the case of Committee Nodes, the minimum holding of BLDT will be TBD tokens. The total voting authority for all CN holders represents 60% of the overall voting authority.

For support nodes, which are made up of 3 levels, the minimum tenure varies depending on the level of the node. The weight of the vote they have over the total voting power is 40% (RN-HN).

All the voting weights for the categories satisfy the ratio of 100% of the general vote and their values can be adjusted as the Committee deems appropriate.

This categorization does not affect the Governance Process, it only affects the voting power itself. Anyone who meets the requirements may establish a potential proposal.

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Last updated 1 year ago

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