The First Governance Voting

STATE DAO Simple Governance Rules

1. Any change of current tokenomics must get approval by a governance voting.

2. All STATE token holders bear liabilities to participate in the governance voting actively.

3. One STATE in circulation represents one vote, and the STATE token staked in the governance staking contract is twice weighted. 

4. A proposal will get approval if it wins the majority votes. The minimum votes counted must be above 10Mn STATE tokens in circulation (this threshold could change when STATE tokens are widely distributed). Since the team token portion starts to be linear unlocked in 30 months from 1st August, 2022, the core team reserves a VETO right during the first three years to prevent any manner of potential governance attack.