The MCIP Governance
The MCFinance Improvement Proposal (MCIP)
MCIP (MCFinance Improvement Proposal) will be the process of governance where the overall ecosystem participants will be able to facilitate governance on the protocol.
The sole purpose for MCIP is for the community's voice to heard and implemented.
Governance on MCFinance DEX shall be facilitated by MCF.
Governance will initially be proceeded with Snapshot until a better-suited governance infrastructure is created or discovered.
MCFinance Governance Process
In order for an implementable proposal to be created and listed on the official proposal vote process, an MCFinance Improvement Draft Proposal (MCDIP) needs to be passed with the parameters below :
0.5% of the circulating supply's participation
55% approval
After the MCDIP is listed on MCIP, the MCIP needs the following parameters in order to have the proposal enacted :
2.5% of the total circulating supply's participation
55% approval
Since MCFinance is and will always be a community driven protocol, any user can create an MCDIP which will be posted in the MCFinance official Telegram group in order for the voice to be heard to the community.
MCFinance Governance Process
MCDIP creations and submission
MCDIP vote proceeded to list on MCIP
MCIP listing
MCIP vote
MCIP implementation
All MCF token holders are entitled to vote on the proposal, and only the proposal with the majority vote will be passed.
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