Proposal and Execution Process
The Importance of the Proposal and Execution Process
The proposal and execution process is a key element of ZenWaves DAO's decentralized governance. It empowers every community member to propose ideas and drive platform development, while smart contract automation ensures fairness, justice, and efficiency in proposal execution. Through this process, ZenWaves tightly connects creators, users, and investors to collectively shape the future of functional music.
Core Stages of the Proposal and Execution Process
1. Proposal Creation
Proposals are the foundation of community governance. Any user holding governance tokens (ZenToken) can submit proposals to drive platform optimization and innovation.
Proposal Eligibility
Proposal creators must hold a certain amount of ZenToken (e.g., 1,000 ZenToken) to ensure the quality and seriousness of proposals.
A small fee of tokens is required when submitting proposals to prevent low-quality or meaningless proposals.
Proposal Content Requirements
Clarity: The proposal should clearly describe the objective, background, and implementation plan.
Feasibility: The proposal should include a concrete implementation plan and resource requirements.
Community Impact: The proposal should analyze its potential impact on community members (e.g., creators and users).
Submission Method
Proposals are submitted through the ZenWaves platform’s governance portal, including detailed descriptions, supporting documents, and optional multimedia presentations.
Once submitted, the system will automatically generate a proposal ID and record it on the blockchain.
2. Proposal Review
To ensure the legitimacy and feasibility of the proposal, ZenWaves conducts a preliminary review of each proposal.
Automatic Review
Smart contracts automatically check if the proposal meets format requirements, token thresholds, and compliance with existing rules.
Community Discussion
Proposals are published on the ZenWaves community forum, allowing community members to comment, ask questions, and offer suggestions.
Proposers can optimize the proposal based on community feedback, improving its chances of passing.
Voting Stage
After passing the review, the proposal enters the voting stage, and smart contracts lock the relevant information to ensure that no changes are made during the voting period.
3. Community Voting
The voting stage is the critical step in determining whether a proposal passes. All users holding ZenToken are eligible to vote.
Voting Weight
Voting power is proportional to the number of ZenTokens held.
The platform may offer additional weighting incentives for active users or creators to encourage broader participation.
Voting Period
Each proposal has a voting period, usually lasting 7 days, with complex proposals extending to 14 days to ensure ample time for community participation.
Real-Time Monitoring
During the voting period, community members can monitor the current support and opposition rates, as well as the participation rate.
Voting Pass Criteria
A proposal needs to secure over 51% of supportive votes to pass. Major proposals (e.g., governance rule changes) may require a higher percentage (e.g., 66%).
4. Proposal Execution
After a proposal passes, smart contracts automatically execute it, ensuring timely and credible decision-making.
Smart Contract Execution
The proposal’s content will be directly executed by the pre-set smart contract on the blockchain. This may include adjusting revenue distribution ratios, launching new feature developments, or distributing community rewards.
The execution process is fully transparent, with each step recorded on the blockchain, ensuring traceability.
Execution Monitoring
Community members can use the platform’s execution monitoring tools to track the progress of proposal implementation.
If issues arise during the execution, community members can propose improvements or submit follow-up proposals for adjustments.
Feedback Mechanism
Once execution is completed, the proposer must submit a report analyzing the proposal’s results and community feedback.
Major proposals undergo a community review to ensure the continuous optimization of governance.
Types of Proposals and Real-World Applications
1. Revenue Distribution Adjustments
Example Proposal:
Increase the creator share in the platform’s revenue pool from 60% to 70%. Execution Result:
If the proposal passes, the smart contract will automatically update the distribution rules, and the change will take effect in the next settlement cycle.
2. New Feature Development
Example Proposal:
Develop a music generation feature that supports real-time biofeedback. Execution Result:
Upon community support, the development team will prioritize implementing this feature.
3. Community Activity Planning
Example Proposal:
Hold a functional music creator contest with a $10,000 prize pool. Execution Result:
Upon approval, the smart contract will allocate the prize and initiate the event.
4. Governance Rule Changes
Example Proposal:
Lower the token threshold for proposal submissions from 1,000 ZenToken to 500 ZenToken. Execution Result:
If passed, the new rule takes effect immediately.
5. Strategic Partnerships
Example Proposal:
Partner with a renowned mindfulness platform to co-promote functional music services. Execution Result:
The platform will enter into a partnership agreement and begin implementation after community approval.
Advantages of the Proposal and Execution Process
1. Democracy
Every token holder has the right to participate in proposals and voting, ensuring platform governance is democratic and fair.
2. Transparency
The entire proposal and voting process is open, with all data stored on the blockchain, ensuring decision-making is credible.
3. Efficiency
Smart contracts automate proposal execution, significantly improving the efficiency of decision-making.
4. Incentivization
Proposers and voters receive token or Energy Stone rewards, incentivizing active community participation in governance.
Future Optimization Directions
1. Multi-Tier Proposal System
Introduce a multi-tier processing system for different types of proposals, such as lightweight proposals for fast voting and complex ones for detailed discussions.
2. Dynamic Voting Weight Adjustment
Introduce user activity-based weighting, rewarding active participants in platform activities.
3. Off-Chain Proposal Support
Develop off-chain proposal tools to lower the barrier for proposal creation while maintaining transparency for major proposals through on-chain voting and execution.
4. Enhanced User Experience
Provide a more intuitive proposal and voting interface to help users quickly understand proposal content and participate in voting.
5. Smart Proposal Recommendations
Use AI technology to analyze user interests and recommend relevant proposals, boosting voting participation rates.
Conclusion
The Proposal and Execution Process is the core tool for ZenWaves’ decentralized governance. It not only gives token holders direct influence over platform development but also ensures efficient and transparent governance through smart contracts. Moving forward, ZenWaves will continue to optimize the proposal and execution process, enabling community members to play a larger role in the functional music ecosystem.
Join ZenWaves, submit proposals, and collectively drive innovation and prosperity in the world of functional music!
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