Project Galaxy DAO Governance Process

Project Galaxy DAO and GAL is NOT live. The following governance process will start to take effect right after the GAL token generation event.

Project Galaxy DAO is controlled by GAL holders. GAL holders have the ability to control the amount of the Platform Fee collected by the protocol, and control funds held by the Project Galaxy Community Treasury. All proposals need to go through a three-step process described below. In order for a proposal to pass, it must have over 50% passing votes with endorsement from wallet addresses holding at least 2,000,000 GAL, with delegation allowed. When a proposal is passed, the changes will be implemented by Project Galaxy’s operation team and signed by the multi-sig, if necessary.

Proposal

All proposals need to go through the following process:

Phase 1: Temperature Check - Discourse

The purpose of the Temperature Check is to determine if there is sufficient will to make changes to the status quo. To create a Temperature Check, ask a general, non-biased question to the community on the forum about a potential change (example: “Should Project Galaxy DAO launch a new achievement mining campaign?”). Temperature checks are informal. It is for you to use the feedback to decide if you want to proceed further with your proposal.

Phase 2: Draft Proposal — Github

The purpose of the Draft Proposal is to establish formal discussion around a potential proposal. To create a Draft Proposal, follow the instructions here:

Phase 3: Vote Proposal — Snapshot

Once your GP is assigned with a proposal number, you can work with the operation team to schedule a snapshot vote. The snapshot vote will last for 5 days. In order for a proposal to pass, the GP must have:

  1. Over 50% passing votes
  2. Endorsement from wallet addresses holding at least 2,000,000 GAL

Delegation is allowed through this link.

Implementation

When a proposal is passed, the changes will be implemented by Project Galaxy’s operation team and signed by the multi-sig, if necessary.

Multi-signature Signers

The multi-signature wallet signers will be voted in by GAL holders after token generation event. They are also subject to change from future governance votes.

206 Likes

Got it. Great Project Galaxy DAO.

32 Likes

nice to DAO for GAL holders
add Discord account connection for this form plz

25 Likes

Got it. Great Project Galaxy DAO.

10 Likes

That’s very good sir :boom::boom::boom::boom:

11 Likes

Looks cool. A rigorous planning of the proposal process. Maybe we can add a quorum to the voting process? Don’t want to see whales deciding this. Otherwise this is unhealthy governance.

6 Likes

got it. let’s build galaxy together.

8 Likes

Looking forward to the future development of the Galaxy project

7 Likes

got it, let’s buld the galaxy together

5 Likes

how many votes needed for proposal to get approve from phase 1? :thinking:

6 Likes

Very supportive, hope to come soon

6 Likes

I very much look forward to the Galaxy DAO

4 Likes

To the moon!!galaxy~

6 Likes

Dao is the future, Galaxy has a strong community and will become a great project. Bitcoin has become history, galaxy is the future!!
!!! L F G !!!

7 Likes

Looking forward to Galaxy DAO

7 Likes

Looking forward to Project GALAXY DAO.

7 Likes

I like Galaxy and look forward to every step in the future :grinning:

6 Likes

This project is amazing and i believe it will be in the best projects

7 Likes

this is nice surport and may be good to everyone

8 Likes