Governance

Governance and Decentralized Decision-Making

Proposal Lifecycle

The governance process follows a structured lifecycle to ensure that proposals are thoroughly vetted, debated, and executed:

Step 1: Proposal Submission

• Any user holding a minimum threshold of PEEP tokens can draft and submit a proposal.

• Proposals must clearly outline objectives, implementation plans, and expected impacts.

Step 2: Community Discussion

• Proposals enter a public discussion phase on governance forums and community platforms.

• Community feedback helps refine the proposal before it proceeds to a formal vote.

Step 3: Voting Period

• Proposals meeting the submission criteria enter a fixed voting period.

• PEEP token holders cast votes proportional to their holdings.

• Quorum requirements ensure that decisions represent a significant portion of the community.

Step 4: Implementation

• Approved proposals are executed either automatically via smart contracts or through designated development teams.

• Progress updates are provided to the community for transparency.

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Voting Rights and Power Dynamics

Voting power in the Peeps AI ecosystem is directly tied to PEEP token holdings. However, mechanisms are in place to prevent centralization of power:

Key Mechanisms:

• Quadratic Voting: To mitigate the influence of large holders, quadratic voting can be applied, where the cost of additional votes increases non-linearly.

• Delegated Voting: Token holders can delegate their voting power to trusted representatives without transferring ownership of their tokens.

• Time-Locked Voting: To discourage short-term manipulation, certain proposals may require tokens to be staked for a minimum period to qualify for voting.