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Proposal #81

Atom Zero Constitution

RejectedText Proposal

Rejected on 14 Nov 2022: only 5.7% of the decisive votes said yes.

Yes

4.4%

5.7% without abstain

Veto

10.0%

of votes cast

Ended

14 Nov 2022

The ballotvotes cast · final tally
Yes

4.40%

of votes cast

Abstain

22.70%

of votes cast

No

62.92%

of votes cast

Veto

9.97%

of votes cast

This is a proposal to adopt a minimal constitution defined here.

Atom Zero Constitution

Definitions

  • two thirds supermajority: where more than 2/3rd of all staked ATOM voters vote YES and the participation rate is above the current governance quorum minimum limit, as of when the voting period has concluded. ABSTAIN votes count as NO votes for the purpose of supermajority calculation.

Article Zero

Proposals with the following elements require a two thirds supermajority to pass:

  • any changes to tokenomics beyond what is already implemented (besides bug fixes).
  • any inflation of tokens beyond the default inflation of ATOMs.
  • any changes to the governance process.
  • any adoption of a constitution (except this minimal constitution).

Until the governance mechanism is changed to reflect this constitution, a proposal that requires a two thirds majority as defined above but does not pass with a two thirds supermajority will be deemed to have failed, even if they pass with a simple majority according to existing logic.

If this proposal passes with a simple majority, the proposals that are concurrent with this proposal (especially the ATOM ONE and ATOM2.0 proposals) shall require a two thirds supermajority to be deemed to have passed.

Timeline

  1. Submitted31 Oct 2022
  2. Voting started31 Oct 2022
  3. Voting ended14 Nov 2022
  4. Deposit deadline14 Nov 2022

Proposer

Address
Deposit64

Rules

Not recorded for this proposal.