🗳️ Who Can Vote?

Voting rights are exclusive to LERAX Node Holders — the pioneering participants of the network. This ensures governance remains in the hands of long-term stakeholders who maintain infrastructure and uphold the chain’s security.

Eligibility Criteria for Voting:

• Must hold an active LERAX node (Light/Core/Power/Enterprise etc.)

• Each node grants 1 vote weight (adjustable in future upgrades)

• Wallet must be registered in the DAO smart contract to cast votes

This structure prevents Sybil attacks and ensures that only real, invested participants influence project direction.

Voting Process & Mechanics

• Proposal Duration: 10 days

• Voting Power: 1 Node = 1 Vote

• Quorum Requirement: 33% of total active nodes must vote for a proposal to be valid

• Passing Threshold: Simple majority (≥ 51% Yes)

Once the proposal voting ends:

• If approved, smart contract will automatically release funds from the Ecosystem Wallet to the Developer Wallet

• If rejected, proposal is archived on-chain and cannot be re-submitted for 30 days (cooldown period)