Governance

The Governance Process

There are two key phases for the Kudoe DAO, Referendums and Proposals.

What are Referendums?

Referendums are “proposals” curated by Ethereum based KDOE token holders that suggest a change or an idea that falls in line with what the DAO is allowed to govern.

Referendums are non-binding even if passed and approved by token holders. Once a referendum has been passed, it goes through a screening process by the Kudoe team to determine if the referendum will be turned into a “Kudoe Improvement Proposal,” or KIP for short.

Referendums can be rejected by the team if deemed “harmful” or “malicious” to the Kudoe ecosystem. If an approved referendum is rejected, the team will provide a full detailed explanation, with recommendations for updating or changing key details for a revote.

The following are the referendum Rules and Requirements:

• 50,000 GKDOE tokens (Staked ERC-20 KDOE tokens).

• 10,000,000 GKDOE Quorum (minimal total votes threshold for a referendum to pass).

• 2-hour cool-down before voting starts after the referendum is submitted.

• 7-day voting period.

• Follow the referendum guidelines.

Referendums that fail to follow the guidelines will be removed.

What are Proposals (KIPs)?

DAO proposals are curated by the Kudoe team, derived from two key areas, referendums, and core proposals, and turned into official “Kudoe Improvement Proposals” [KIP] for governance vote.

Kudoe Improvement Proposals” or [KIP] is the official naming convention for Kudoe proposals. All proposals will use this naming convention along with the proposal ID for transparency and consistency.

Referendums that have been curated and passed by the token and then screened and approved by the Kudoe team will be turned into official KIPs with a dedicated ID number.

The Kudoe team will also be able to curate KIPs directly, bypassing the referendum stage, for official governance voting.

KIPs that are passed and approved through the governance vote will be binding.

The following are the referendum Rules and Requirements:

• It must be either a Core or an approved/screened referendum.

• 20,000,000 GKDOE Quorum (minimal total votes threshold for a referendum to pass).

• 7-day voting period.

• Follow the referendum guidelines.

Approved KIPs will be executed/applied in accordance with the proposal details. All details are subject to legal and governance changes.

Snapshot ⚡️

Snapshot is a DAO platform that utilizes IPFS and the blockchain to provide tools and solutions for projects utilized through their own ecosystem.

Kudoe will use Snapshot as its DAO platform and its extensive tools and libraries to provide the most agile, dynamic, and safe governance solution for KDOE token holders and the community.

In the future, Kudoe will utilize Snapshot’s API to develop its own unique and community-tailored front end.

Make sure you Join the Kudoe DAO Main Space and the Kudoe Governance Sub-Space when you visit us on Snapshot's website.