What is the minimum quorum for proposals to pass?

Definition of Quorum: Is the minimum number of members of an assembly or society that must be present at any of its meetings to make the proceedings of that meeting valid.

NOTE: This is subject to change as we get closer to sellout seeing as the total numbers of tokens in circulation will get higher and in effect the quorum will need to be adjusted.

This vote will be held using "Ranked Choice Voting" vs "Single Choice Voting". Single choice voting is when each holder, regardless of weight and voting power, has to decide between a single choice and put all their weight behind that vote.

Ranked Choice Voting: Each voter may select and rank any number of choices. Results are calculated by instant-runoff counting method.

Single Choice Voting: Each voter may select only one choice.

Basic Voting: Single choice voting with three choices: For, Against, or Abstain.

Weighted Voting: Each voter may spread voting power across any number of choices.