Business Proposal

Overview

Any member of the Congress can initiate the decision-making process by submitting a business proposal.

Proposal Requirements

  1. Type of proposal

  2. Proposal title

  3. Voting period

  4. Requested amount (in BOA)

  5. Business goals and description

  6. Attachments (PDF)

Attachments (PDF) Required Content

  • Project name

  • Team introduction

  • Email, GitHub, website

  • Short description

  • Problem and solution

  • Technical specifications and architecture

  • Roadmap and milestones

  • Budget per milestone

  • Contribution factors

  • License / Open source

  • Expected outcomes

  • Demo, documentation

Proposal Registration Conditions

  • A fee must be paid when registering a proposal.

  • The fee may change according to policy, but is currently set at 1/1000 of the requested amount and is automatically calculated.

  • The proposer’s wallet must contain enough BOA to cover the fee in order to register the proposal.

Participation Process

Business proposals proceed through three stages: discussion → evaluation → voting.

1. Discussion

  • Members can submit opinions, and once registered, opinions cannot be modified or deleted.

2. Evaluation

  • Only Evaluators can participate in evaluation.

  • The suitability of the proposal is reviewed to determine whether it can proceed as a formal proposal.

  • Evaluation lasts for 7 days, including the registration date.

  • Only proposals that pass evaluation will move to voting.

3. Voting

  • Before voting begins, all voters receive 0.005 BOA as a voting cost subsidy.

  • Members can vote for, against, or abstain.

  • All voting data is recorded on the blockchain for transparency.

Decision Rules

  • At least one-third of all members must participate to meet quorum.

  • A proposal is approved if the percentage of for votes exceeds the percentage of against votes by at least 10%.

Post-Approval

Approved proposals allow funds to be withdrawn immediately after the voting period closes.

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