Investors · While it runs
Vote on milestones
How milestone votes work, who gets to vote, and what it takes for a milestone to pass.
When the team publishes proof that a milestone is done, a vote opens on the project page. Read the proof, and if you're not sure, ask in the discussion. Then vote YES or NO from your wallet.
What it takes to pass#
A milestone passes when YES reaches at least 30% of the tokens that can vote and there are more YES votes than NO. Anything short of that is a rejection, including a vote that hardly anyone takes part in.
Who gets to vote#
Team and treasury tokens never vote.
Anyone holding the token can vote, and so can investors whose tokens are still vesting. Your voting power is the lower of your balance when the vote opened and your balance a day before, so tokens bought just before a vote don't count.
If a milestone is rejected#
The team has 120 hours to publish new proof and try again. Each milestone gets 3 attempts. If the last one fails too, or no new proof arrives in time, the project fails and refunds open.
The 48-hour veto#
On BNB Chain a passed milestone pays out only after 48 hours. During that time the platform's Ledger can veto it, for example if the proof turns out to be fake. A veto counts as a rejection. It can't move any money.