Taraxa Project
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  • 👋Welcome!
  • đŸ’ĩWallet
    • Metamask
    • Ledger
    • Taraxa's Network Connection Details
  • 🌱Become a Validator
    • âš™ī¸Set up validator node
    • đŸ–Ĩī¸Consensus node hardware requirements
    • 🚩Register node via community site
    • â›“ī¸Register node directly on-chain
    • đŸ“ŖSolicit delegation
    • đŸ› ī¸Node upgrade & reset
  • 💰Staking
    • 💧Liquid Staking
    • 🚩Staking via community site
    • â›“ī¸Staking directly on-chain
  • 🌉Ficus Root Bridge
    • â†”ī¸Bridge usage guide
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    • 🔗Connecting to Taraxa
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    • âš’ī¸Common frameworks & Examples
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    • âš™ī¸Deploy A Node
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    • đŸĒļLite Consensus Node (beta)
    • âēī¸Upgrade a Node
      • âŦ†ī¸Upgrade Node
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    • 🔀Syncing From Snapshot
    • đŸ“ŦNode's Public Address
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  • FAQ
    • 1ī¸Layer-1 Tech
    • đŸĒ™TARA Token
    • 🌱Mainnet
    • 🔁Exchange Integration
  • Whitepaper
    • Abstract
    • Intro: Scaling the World
    • Taraxa Architecture
    • Economic Model
    • Governance
    • Further Reading
  • NATIVE TOKEN CONVERSION
    • 💡Introduction
    • đŸ—“ī¸Conversion Status
    • ❓Conversion FAQ
    • âš—ī¸Mock Conversion
    • 📋Exchange Submission
  • Governance
    • â„šī¸Introduction
    • ⚡Voting Guide
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  • Where are the governance vote proposals?
  • Where to vote?
  • What's the voting system?
  • Which wallets can vote?
  • How are votes counted?
  • How to vote?

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  1. Governance

Introduction

PreviousExchange SubmissionNextVoting Guide

Last updated 1 year ago

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Taraxa's governance is an evolving process that aims to eventually achieve what's described in the . For now, governance for major decisions in the ecosystem will go through an on-chain, direct-election governance vote where TARA holders directly decide the direction the ecosystem takes.

Where are the governance vote proposals?

All governance vote proposals are stored on Github: .

Before a governance vote passes, they're called Taraxa Improvement Proposals, or TIP. It is a public repository and anyone can create a pull request to submit a proposal. Please make sure that proposals are well-articulated and well-researched, so that the Taraxa community is able to make an informed decision during the governance vote.

Once these proposals make it to the governance vote, they'll also appear on snapshot.org (see below).

Where to vote?

Taraxa's governance vote UI:

The development team has integrated Taraxa's mainnet with , which is an open-source platform that facilitates on-chain voting for over 29k web3 projects.

What's the voting system?

The development team is bound by the outcome of the vote, and will implement whatever the outcome of the governance vote is.

The development team will adhere to a (FPTP) voting system, which means plurality wins. In most cases there will be just a yes / no response, so plurality would mean majority in these cases. FPTP is the oldest and most common form of voting system, typically used during direct elections, which is what Taraxa's current governance system uses.

In direct elections, the concept of quorum also does not apply. Quorum is a concept applicable to deliberative assemblies, or a body filled with representatives that were directly elected to their seats. Therefore there are no quorum considerations.

Which wallets can vote?

All wallets on the Taraxa network is able to vote.

TARA stored on exchanges cannot be counted in voting. If your TARA are on an exchange but wish to vote, you could pull the tokens out of an exchange into a wallet and participate in voting. You just need to make sure that the transfer occurs before the vote's snapshot cutoff (see below).

How are votes counted?

A wallet's vote counts 2 components,

  • Wallet's TARA balance

  • Wallet's staked TARA balance

If you have 1 TARA in your wallet, and you have 99 TARA staked, then your total voting weight is 1 + 99 = 100.

How to vote?

Please follow our step by step tutorial on how to use snapshot.org to vote.

â„šī¸
whitepaper
https://github.com/Taraxa-project/TIP
https://snapshot.org/#/taraxa-project.eth
snapshot.org
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