Governance and Voting System
This page explains how the Governance and Voting system works within the Ofero Network, covering proposals, comments, quorum, eligibility, and voting mechanics.
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This page explains how the Governance and Voting system works within the Ofero Network, covering proposals, comments, quorum, eligibility, and voting mechanics.
The governance system in Ofero Network is designed to give power to verified users holding SFTs. They can create proposals, comment, and vote on changes in the ecosystem. This ensures decentralization and fair decision-making.
A proposal is a suggestion made by a quorum member to improve the Ofero Network or make a decision about its development.
Created by verified users.
Visible to the entire community.
Includes title, description, optional OFE amount, and optional destination wallet.
Create: Users can submit new proposals.
Edit/Delete: Only the creator (initiator) can modify or delete proposals if they are not archived.
View: All users can read proposals and see their status.
Viewers: The platform tracks who has viewed each proposal.
Each user can comment once per proposal.
Comments are votable (up/down) by others.
Comment votes are stored separately from proposal votes.
Editing a comment removes existing votes.
Only the original author can update or delete their comment.
No interactions allowed on archived proposals.
Upvote – Agree with the proposal.
Downvote – Disagree with the proposal.
Abstain – Neutral stance.
Retract Vote – Remove your vote.
Only users in the Governance Quorum can vote.
Voting is locked once a proposal is archived.
The quorum is a group of verified users eligible to vote on proposals.
To join, a user must:
Be at least 23 years old.
Own an Ofero SFT.
Have a validated account.
Have logged in to ofero.me during the past 30 days.
Subscribe: Join the quorum if you meet all criteria.
Unsubscribe: Leave the quorum. Votes on open proposals are automatically removed.
Eligibility Check: The system checks if a user can join the quorum.
The system automatically finalizes proposals based on voting statistics:
A proposal is locked if further votes can't change its result.
A proposal is passed if it has a clear majority.
Proposals reaching 80% voter participation are evaluated and will be automatically marked as completed at the end of the day.
The platform calculates:
Number of upvotes, downvotes, and abstains.
Voter participation percentage.
Status: Pending, Passing, or Failing.
If even if all remaining eligible voters voted one way, the result wouldn’t change → proposal is locked.
Thinking Users: Users who saw a proposal but haven’t voted are shown.
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