Froggy Friends DAO
Introducing the Froggy Friends DAO governance model for holders. Using the DAO governance model the team and holders can create proposals that impact the direction of Froggy Friends.
Proposals will be voted on in a single-choice voting format and pass with a 51% majority vote. As soon as proposals are created voting begins and lasts for 5 days. At the end of the 5th day the results are solidified and the proposal either passes or fails.
To facilitate DAO proposals and voting we are utilizing Snapshot.org with our own custom page that was approved by Snapshot which can be found at vote.froggyfriendsnft.com.
Proposals should have a title and description that accurately describes the idea and a clear distinction of what voting yes and no means. Here's the first Froggy DAO proposal created by Fonzy:
Froggy Friends holders and stakers can vote and the system will count all of the frogs you have staked and unstaked as votes. Here are sample scenarios for counting votes:
- Holding 10 frogs in your wallet will grant you 10 votes
- Staking 10 frogs will grant you 10 votes
- Holding 5 frogs in your wallet and staking 5 frogs will grant you 10 votes
In all cases your total number of frogs owned will count as your vote total, however you can only vote on the proposal one time.
Once a proposal passes it will take into effect immediately unless otherwise stated by the proposal itself or the team according to our timeline.
The team will do our best to honor results for proposals that are presented by holders. Proposals that are unreasonable, unserious or hurt the brand in a way that the team deems detrimental will be rejected with a clear explanation for the rejection.
Holders are encouraged to use their rights and submit new proposals.
You can only vote one time on a proposal.
Each frog you own either held or staked will count as one vote. If you own 10 frogs you will have 10 votes counted.
As soon as a proposal is created and voting goes live you will have 5 days to cast your vote before final results are solidified.
You can vote on any wallet that holds a froggy friend at most one time.
Any froggy friends owner can create a proposal on our Snapshot.org page.