Biconomy DAO is a work-in-progress that will evolve and improve over time. The current governance & decision-making process is as below.
For the next six months (epoch zero), only grant proposals that request more than $25K will be within the scope of governance voting. Smaller grants can be applied for as rapid grants.
<aside> đź“Ś Discourse Forum and Discord Server are not limited to governance. The community can use them to voice their queries, feedback, suggestions, and memes.
</aside>
Phase | Content | Duration | Passing Requirement |
---|---|---|---|
Ideation | Create a thread on the Discourse Forum in the “Grants” category with a “temperature-check” tag. | Open-ended | No formal requirement as such. The proposal should gain sufficient momentum from the forum community to be moved to the next step. |
Specification | Create a Biconomy Grant Proposal (BGP) and post it in the “Grants” category with the “bico-grant-proposal” tag. Adhere to the given format. | It should be live for a minimum of three days on the forum | For a proposal to pass to the next phase, the majority community should vote in favor (quorum is 20% of the total members of the forum) |
Consensus | A proposal is created on Snapshot for the token vote. | It should be live for a minimum of five days on Snapshot | For the proposal to be implemented, the majority of BICO holders should signal a decision (quorum is approx. 12.5% of the circulating supply of BICO) |
Implementation | No content | Minimum five days from proposal vote | Once the proposal is voted for, the general council will initiate the grant payout. |