What is the community governance proposal process of PEPE coin?

PEPE coin holders actively participate in community governance, influencing decisions through proposal submission, voting, and providing feedback on implemented changes.

Feb 17, 2025 at 04:54 pm

Key Points:

• Community governance plays a crucial role in the decision-making process of the PEPE coin ecosystem.
• PEPE coin holders have the ability to propose and vote on changes to the project.
• The community governance process includes several key steps, including proposal submission, community voting, and implementation.

Community Governance Process:

1. Proposal Submission:

• PEPE coin holders with a minimum of 100,000 PEPE tokens can submit a proposal to the community for consideration.
• Proposals can address a wide range of topics, including protocol upgrades, token incentives, and ecosystem initiatives.
• Each proposal must include a clear description of the proposed change, the rationale behind it, and any potential implications.

2. Community Voting:

• Submitted proposals are made available for community voting for a predetermined period.
• All PEPE coin holders with a minimum of 5,000 PEPE tokens are eligible to vote on proposals.
• Voting is conducted using a snapshot mechanism, where users vote for or against the proposal at a specific block height.
• Proposals require a majority of votes (51%) to pass.

3. Implementation:

• Proposals that receive community approval are implemented by the PEPE coin core development team.
• The implementation process may involve technical changes to the protocol, token distribution adjustments, or updates to the ecosystem infrastructure.
• The community is kept informed of the implementation progress through regular updates.

4. Community Feedback and Evaluation:

• After proposals are implemented, the community can provide feedback and evaluate the impact of the changes.
• Feedback can be submitted through community forums, social media platforms, or direct communication with the development team.
• The community may propose follow-up governance proposals if necessary to fine-tune the implementation or address any unforeseen consequences.

FAQs:

• What is the minimum voting power required to submit a proposal?

  • 100,000 PEPE tokens

• What is the minimum voting power required to vote on proposals?

  • 5,000 PEPE tokens

• How is voting conducted?

  • Snapshot mechanism at a specific block height

• What is the minimum threshold for proposal approval?

  • Majority vote (51%)

• Who implements approved proposals?

  • PEPE coin core development team

• How can the community provide feedback on implemented proposals?

  • Community forums, social media, or direct communication with the development team

• Can the community propose follow-up governance proposals?

  • Yes, if necessary to fine-tune implementation or address any unforeseen consequences