HELIUM
HELIUM
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Ticker: HNT
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More information about HELIUM

About

Helium is a decentralized Supply chain Blockchain platform power by both PoS and Master Nodes.

Our goal for the Helium Governance system is to involve the community. We’ve got a long way to get there, but soon we expect to be making huge initial steps. This process will take us some time as we involve all members of the Helium community to participate in designing governance.

The following explains the 3 areas of the Governance system and how voting is managed. All areas of DAO Governance follow the same process in terms of submitting a proposal, and Masternode owners voting to accept/reject the proposal. Such voting can only happen at each Super Block (Roughly once per month).

Helium Chain Masternode owners will vote on the following statement, as well as the three different treasury categories and descriptions below: “Helium Chain will work towards a community governance system that expands the reach of voting power from simply Treasury Governance, to also include Manifesto and Protocol Governance.”

There are 3 types of Proposals:

- MANIFESTO GOVERNANCE:
This will very rarely – almost never – happen, and will require a high amount of participation (Metric not yet defined) during the voting process. Key is to make sure that even people in the community that typically don’t involve themselves with voting for proposals, are made aware when a Proposal has been submitted, and that they have been well informed of the issue(s) involved in a factual and unbiased way.

- TREASURY GOVERNANCE:
These proposals are the most common and are for allocating funds in the monthly treasury budget. These funds can be used for anything related to support Helium. It may be overhead costs for servers, or Google Apps etc., or it may be for advertising, or to help launch a business that could not be justified otherwise.

- PROTOCOL GOVERNANCE:
These proposals are zero cost and are to make decisions to change the code base (the protocol) of, or the priorities of changes to, the Helium Chain system. If such a decision requires funding, then that funding portion would be a separate Treasury Governance proposal submitted after the Protocol Governance proposal has been accepted. What is unique about Protocol Governance is that the Core Developers can veto such proposals if they are technically impossible, or logistics dictate an order of implementation different that that voted on in the proposal.

https://heliumchain.org
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