Voting Mechanism

To streamline decision-making, the DGES governance system employs a voting mechanism whereby RNFT holders place their tokens in the DGES Governance Pool, granting them the right to vote. In addition to voting directly, RNFT holders can delegate their voting rights to other ecosystem participants. DGES does not lock tokens in the Governance Pool, allowing owners to withdraw them at any time, except those in vesting. RNFT holders who do not place their tokens in the Governance Pool do not have voting rights and cannot participate in the voting process.

Any holder of one or more RNFTs in the Governance Pool can submit proposals for voting. If a proposal garners support from 5% of the RNFTs in the Governance Pool, within an unlimited timeframe, it is put to a vote. The voting period is then established. A decision is considered binding if it achieves a minimum quorum of 51% of the total votes cast during the voting period. The voting period may vary depending on the proposal's significance, as determined by the DGES community, with a minimum voting period of 7 days.

Each RNFT is unique, and re-voting on the same proposal within a specified timeframe is not allowed. Tokens used to submit a proposal or cast a vote but later withdrawn from the Governance Pool during the voting period lose their voting status. The DGES governance mechanism uses a system of smart contracts, providing an automated, decentralised, and transparent structure that reflects the collective will of the community and ensures that every member's voice is heard.