Governance System

Note: Planned system. Current network operates with simpler governance while focusing on Cambodia adoption.

Proposal Process

1. Submit proposal with 100 SEL deposit
2. Referendum queue (7-day voting)
3. Simple majority passes (supermajority for critical changes)
4. Automatic execution

Voting Power

• 1 SEL = 1 vote
• Lock tokens for multiplier: 6mo (2x), 1yr (3x), 3yr (6x)

Proposal Types

• Runtime Upgrades: Change blockchain logic
• Parameter Changes: Fees, block time
• Treasury Spending: Grants, infrastructure
• Emergency Actions: Fast-track security fixes

Council

• 13 elected members (6-month terms)
• Can fast-track or veto proposals
• Elected via approval voting

Technical Committee

• Expert developers appointed by council
• Review technical aspects
• Can fast-track security fixes

Execution

• 1-day delay after passing
• Runtime upgrades automatic at block
• Cancel window for critical bugs

Transparency

• All proposals visible on-chain
• Voting records public
• Discussion on Telegram, X, forum

Failed Proposals

• Deposit returned unless malicious
• Can resubmit with modifications