Driven by the will to give our community the power to influence decisions and incentivize active participation, our project-management model will allow NFT holders to gain voting rights in Stadium Heroes. This has proven to be efficient within DeFi industry, and weโ€™re excited to adopt a governance NFT model.

Holding a coach NFT will serve as a governance instrument: it will enable collectors and players to vote on multiple upgrades and decide how the platform should develop further. This makes the governance of the platform directly responsive to our most active users and brings Stadium Heroes closer to being a public good operated by the community members who value it the most.

Our new Governance NFTs will reward those who actively engage with voting, as well as distinguish our Governance contributors!

Governance Voting System for NFT Holders

1. Voting Power Based on Parts:

  • Each NFT holder's voting power is directly proportional to the number of parts they hold.

  • For instance, if a user has parts from owning a Nebula glow coach (50 parts) and has earned 2 parts from referrals, their total voting power would be 52 votes.

2. Proposal Submission:

  • NFT holders can submit proposals for community consideration. This ensures that those with a significant stake in the platform can influence its direction.

3. Voting Duration:

  • Once a proposal is accepted for voting, a specified timeframe (e.g., 7 days) is set for NFT holders to cast their votes.

4. Quorum Requirement:

  • For a vote to be valid, a certain percentage of the total parts in circulation (e.g., 20%) must participate in the vote. This ensures that decisions are made with a reasonable level of community involvement.

5. Decision Threshold:

  • Proposals can be passed with a simple majority (e.g., 50% + 1 vote) or a supermajority (e.g., 67%) depending on the significance of the decision.

6. Transparency and Audit:

  • All votes are recorded on the blockchain, ensuring transparency and immutability.

7. Regular Governance Meetings:

  • Periodic virtual meetings or forums can be organized where NFT holders discuss proposals, share feedback, and collaborate on the platform's future direction.

8. Voting Incentives:

  • To encourage participation, NFT holders can be given incentives for voting. This could be in the form of additional parts, exclusive access to new features, or other rewards.

9. Review and Iteration:

  • The governance model should be periodically reviewed and updated based on community feedback and the platform's evolving needs.

By integrating this governance level, NFT holders not only have a financial stake in the platform but also a say in its direction and decision-making processes. This can foster a stronger sense of community and trust among users.

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