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Governance

FOUR token holders will have the option to voluntarily lock their tokens, gaining access to our exclusive governance token gFOUR.

FOUR Token Locking & gFOUR Governance Token

FOUR token holders will have the option to voluntarily lock their tokens, gaining access to our exclusive governance token gFOUR. This unique token not only represents a voice in the decision-making process but also signifies a deeper commitment to our project's growth and success.

Empowering Dedicated Contributors

To ensure that voting power is allocated to individuals truly dedicated to our project, we've designed the system in a way that only gFOUR token holders can participate in voting. By locking their FOUR tokens for a specific duration, users showcase their long-term commitment and become eligible to influence project directions.

Voting on Snapshot

Snapshot is a decentralized voting signaling system that allows ERC-20 FOUR token holders to signal their preferences on 4P Project proposals but will at this stage not replace the governance structure. Voting on Snapshot is user-friendly and does not cost gas as the process is performed off-chain. 4P is using Snapshot to allow users to signal their preferences on the project proposals.
Note: Snapshot votes are NOT binding, they allow FOUR token holders to signal their preferences on 4P proposals.
4P uses the Snapshot platform to take a “snapshot” at a certain block. This snapshot dictates the voting power of each wallet, where 1 FOUR = 1 vote. The platform weights votes by the amount of a given token a participating wallet address holds. Once a proposal reaches public referenda, token holders can vote on it using their own FOUR tokens.

Voting Eligibility

“minBalance” of 4k ERC-20 FOUR tokens are needed to contribute a vote Each voter may select a single choice to give his total voting power to

Strategie(s)

We use various voting strategies, for example, a “balance-of-with-min” strategy is used to check whether the participant has a minimum amount of tokens required to vote. “minBalance” of 4k ERC-20 FOUR has been set, which equals the minimum balance required to vote on a proposal.
Voting system: Single-choice voting, multichoice voting Voting types: Signal check, grant proposal, implementation proposal, and other Voting time frame: Start and end date specified

Snapshot Guide

This guide contains everything you need to start voting. In order to participate you will need:
Min of 4k ERC-20 FOUR tokens A browser with Metamask installed

Voting process:

(1) visit: https://vote.the4thpillar.io; (2) connect your Metamask wallet (it should be the one where FOUR tokens are stored); (3) after reviewing the listed proposals, select your preferred option and click Vote.
Note: Voting on Snapshot is user-friendly and does not cost gas as the process is performed off-chain.