LBI Governance - All LBI token holders please read, think and vote

in LeoFinance6 months ago

Hello LBIer's, today we are going to look and vote on the governance model for LBI

LBI Governance

LBI tokens holders shall be responsible for selecting a governance team and governance model based on the suggestions below. Things can be changed in the future but to get the ball rolling, let's start simple and build on it.

image.png

In a nutshell, today we are looking your vote to decide 3 things we need to get started. I have already shared a basic model and time frames in a previous post. The feedback I got back was people liked the model but thought the times could be better. I am confident these's models will be good starting points for us. Both are outlined below to refresh your memory and today we will be voting on...

1/ Governance team term lengths
2/ Proposals and voting duration per round
3/ How many proposals do we vote on and how many do we pass?

Governance Team

This team will consist of 2-4 LBI token holders that will nominate themselves and be voted in by token holders when the time comes. This is will the first official vote after we collect the results from this vote are finalized. Once a governance team have been selected, it starts. Please see the table below with the 2 options of 3 and 6 months

image.png

  • The governance team will post and repost from @lbi-gov
  • Collecting proposals - All proposals will be made from token holders personal accounts using #lbi as the first tag. The post will be reposted by @lbi-gov to verify it's inclusion for pre-voting. The governance team will be responsible to ensure all proposals are reposted for max exposure to feedback.
  • Host pre-vote - The governance team will collect together all proposals and show them all in 1 post. All proposals will be represented equally but not all will make it to the final vote. LBI token holders will have 1 week to vote on which proposals shall go through to final vote.
  • Host governance vote - The governance team will create a final post containing the top voted proposals selected from pre-voting. This vote will last 1 week and the top voted on proposals shall be put into action.
  • Collect nominations - These 2 weeks will be for LBI tokens that would be interested in being part of the governance team are for someone in the governance team to reapply and nominate themselves for the role. The current governance team will collect and repost all nominations. On a 6 months model, these weeks fall on weeks 24 and 25, on a 12-month model, these 2 weeks fall on weeks 50 and 51. The same applying for below.
  • Vote for new governance team - The governance team will create a final voting post from all those that nominated themselves and the token holders will have 1 week to vote on their ideal team based on the candidates. When the vote is counted and double-checked, keys of @lbi-gov are changed and issued to winning candidates.

There is the model. It is very simple but can be changed if required. The role of the governance team is mainly to collect and repost proposals, create, host non-biased governance voting posts, tally up the votes and post the results. What do you think is best? 6-month terms are 12-month terms


Proposals and voting cycles

How often should we vote on proposals? In the table below, you can see how 3 and 6 months cycles will work. I had thought about including 12 months but I think 3 and 6 would be most popular and yearly is too seldom.

image.png

We have 2 options to pick from, they sort of explain themselves. Would you rather have a 3 or 6-month cycle?


How many proposals at once?

This is this one that ties everything together. How many proposals should go from the pre-vote to the final vote? How many from the final vote should pass?

image.png

  • Proposals - How many proposals should verify from pre-voting to the final voting round?
  • Pass - How many proposals from the final vote should pass and be put into effect?

The one thing i would like to remind people is to use common sense and remember that voting to pass 5 proposals every 3 months make soon turn into an endless list of things to do, whereas voting to pass 3 proposals every 6 months or 1-2 every 3 months would be more achievable.


image.png image.png

Please format your vote/comment like the example below

1/ 6 months
2/ 6 months
3/ Aa

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Voting Weights
LBI governance voting is based on weighted voting tiers dependent on your LBI holding. We have 5 tiers ranging from 10 tokens worth 1 vote to 10k+ worth 5 votes.

1/ 10-99 LBIs will earn a vote equal to 1
2/ 100-499 LBIs will earn a vote equal to 2
3/ 500-2,499 LBIs will earn a vote equal to 3
4/ 2,500-9,999 LBIs will earn a vote equal to 4
5/ 10,000+ LBIs will earn a vote equal to 5


All future governance voting will come from @lbi-gov

Please go and follow @lbi-vote to ensure you dont miss out

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Sort:  

Well structured post, thank you for all the hard work you put into it!
On to my vote:

1/ 12 months
2/ 6 months
3/ Bb

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Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

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No worries, you do your thing ;-)
Happy New Year!

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1/ 12 months
2/ 3 months
3/ Ab

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i followed @lbi-gov and @lbi-vote ;)

are we just waiting for this to get reposted from @lbi-gov or @lbi-vote or do we vote here ?

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All future governance voting will come from @lbi-gov

Please vote on this post

Posted Using LeoFinance Beta

1/ 6 months
2/ 6 months
3/ Bb

with a WHOPPING 125 lbi for vote = 2 LOL

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

  1. 6 months
  2. 6 months
  3. Db

Unlimited number of proposals (no cap) but 2 passing ones of there are 1-10 proposals and plus 1 more for every ten proposals

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

Interesting. Opportunity to join team is a great responsibility. Not that much technical but I'm thinking to stand for a candidate. Anyways here are my votes:

The team should be for at least a year, that gives time to understand, improve and deliver things.

Changes can be made after 6 month period, 3 months seems a bit short and a lot of work and 1 year is too long in crypto world to take actions.

I believe out of All proposals 20% at least should be considered for passing/voting. I'm voting for 2 out of 10. But 3 out of 15 also seems reasonable but a bit of more work.

1/ 12 months
2/ 6 months
3/ Bb

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

Perhaps my English is lacking, but it seems to me that in the text of the post you propose to choose between 3 and 6 month voting cycles, yet the actual voting asks us to choose between 6 and 12.

I think starting with 3 months voting cycle would be better, just to get a feel for how this works. Having a first voting round 6 months from now is really a long way away.

Posted using Dapplr

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

1/6
2/6
3/Bb

Every 6 months makes more sense as 3 months seems a little too short.

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

Happy New Year to you too and yes we have to pump our bags.

Keep the team for 12 months

Vote every 3 months

Aa

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

everything is beginning to take form! so let's vote!

1/ 6 months
1/ 6 months
3/ Bb

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

hahah no worries i feel you!! :P

Posted Using LeoFinance Beta

1/ 12 months
2/ 6 months
3/ AB

The accounts are also followed. Thank you 😌

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

  1. 12 months
  2. 6 months
  3. Bb

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

Happy New Year! May 2021 be very successful for LBI and us as shakeholders!

1/ 6 months
2/ 6 months
3/ Bc

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

No problem, go do those comments! Hopefully 2021 will be a great year for everyone and I can find a taker for the premium bags haha!

Posted Using LeoFinance Beta

Here's my vote

1/6
2/6
3/Bb

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

6 months cycle, unlimited proposal and 3 pass :)

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

1/6
2/6
3/Bb

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

1/ 6 months
2/ 3 months
3/ Bc

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

1/ 12 months
2/ 3 months
3/ Ab

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

  1. 12
  2. 3
  3. Ba

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

  1. 6 months
    I’m afraid 12 months might be too long of a run for some members. 6 months will allow them to be 100% focused.
  2. 6 months
    But we might include some exceptional proposition vote in case some incredible opportunity arise - and we know it will in this crazy paced crypto world.
  3. Db
    We should not restrict ourselves on the number of propositions - it might be only 3 sometimes anyway.
    Focusing on 2 then sounds good but again if there are 3 exceptional propositions it would be a shame to remove one.

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

Haha no worries. Happy new year !

Posted Using LeoFinance Beta

1/ 6 months
2/ 6 months
3/ Ab

Nice work on all of this folks!

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

No problem! I totally understand! It has to be a lot of work aggregating all of the votes!

Posted Using LeoFinance Beta

Great work, @lbi-token.

I wish all the best for this project.

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

1/ 12 months
2/ 3 months
3/ Ab

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

Great step towards a common governance and mutual agreement.
For me the options would be:
1/ 6 months
2/ 6 months
3/ Cb

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

1/ 6
2/ 3
3/ Ab

Posted using Dapplr

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

  1. 12 months
  2. 6 months
  3. Bb

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

Happy New Year:

1/ 12 months
2/ 3 months
3/ Ab

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

2021 will definitely pump our bags. Brought some X-Large with me for this matter!

Posted Using LeoFinance Beta

Thanks for the good explanation. My vote:
1/ 6 Months
2/ 6 Months
3/ Ab

Posted Using LeoFinance Beta

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta

1/ 6 months
2/ 6 months
3/ Bb

Sorry about the delay, needed to think about this for a while.

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 6 months ago Reveal Comment

Great stuff, thank you for submitting your votes.

Sorry for the basic reply, i have 30 comments to do here and 15 minutes to it.

HAPPY NEW YEAR!!! 2021 will pump our bags!

Posted Using LeoFinance Beta