Univ Foundation
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    • 👋Welcome to Univ Foundation!
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  1. Univ Foundation

Foundation Governance

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Last updated 1 year ago

The Univ Foundation embraces a decentralized governance model that empowers $UNIV token holders to actively participate in the decision-making process. Token holders have the opportunity to shape the future of the foundation through voting on proposals using the SnapShot platform, where each $UNIV token represents one vote. This democratic governance approach ensures that the collective voice of the token holders guides the foundation's actions and initiatives.

Proposal Submission:

  1. $UNIV token holders are encouraged to submit proposals for new initiatives, modifications to the Univ Foundation, or any other developments they believe will benefit the UNIV community. These proposals are submitted to the council for review.

Proposal Validation:

  1. The council members thoroughly assess each proposal to ensure alignment with the Univ Foundation's vision and objectives. Validated proposals are then prepared for submission to $UNIV token holders for voting.

Token Holder Voting:

  1. During a designated 7-day voting window, $UNIV token holders have the opportunity to cast their votes on the proposed initiatives. Each token holder's vote is weighted based on their holdings, following a one-token-one-vote principle.

Implementation of Vote Outcome:

  1. The Univ Council takes responsibility for executing the outcome of the voting process. If a proposal receives a successful vote outcome, the council will oversee the administration and implementation of the approved changes or initiatives. In the case of an unsuccessful vote, no changes will be implemented.

Council Membership:

  1. $UNIV token holders have the ability to nominate themselves as potential council members. The annual elections allow token holders to vote on the selection of council members who will represent their interests and contribute to the foundation's governance.

Through this transparent and inclusive governance model, the Univ Foundation aims to foster community engagement, promote decentralization, and ensure that the decisions made are in the best interests of the Univ ecosystem and its token holders.