HORD Docs
  • Introduction
  • About HORD
    • An Overview of Ethereum Staking
    • Why Hord?
  • Hord ETH Staking
    • APR
    • Consensus & Execution Layer Rewards
    • Hord Reward Model
    • Protocol Fee
  • Security
    • Smart Contract Audits
    • Bug Bounty
    • Risk Disclaimer
  • hETH
    • What is hETH?
    • Auto Compounding
  • Hord Governance
    • Why Implement Governance at Hord?
    • Governance Functions
    • Proposal Submission at Hord
    • Governance Voting System & Specifications
  • HORD Token
    • Token Utilities
  • User Guides
    • Adding HORD to your Wallet
    • Staking with Hord
    • Withdrawing ETH
    • How to Bridge HORD Tokens via ChainPort
  • FAQ
  • PROTOCOL
    • 📄Smart Contracts
      • Hord Congress Members Registry
      • Hord Token
      • Maintainers Registry
      • Staking Configuration
      • Hord ETH Staking Manager (HETH)
      • Hord Congress
  • ABOUT
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  1. Hord Governance

Governance Voting System & Specifications

To ensure a fair and representative voting process, the following specifications are implemented:

Token Weighted Voting System

Hord adopts a Token Weighted Voting system where the voting power of each token holder is determined proportionally according to the number of tokens they hold. The more tokens a holder has, the more voting power they possess. This formula assigns voting power according to the following calculation:

Voting Power = Total Tokens Held / Total Token Supply

1 HORD = 1 vote. For example, if a token holder holds 100 tokens and the total token supply is 1,000, then their voting power would be 10%.

Voting Period

The minimum duration for all types of proposals is 10 days. Should a proposal be scheduled to end on a Saturday or Sunday, the voting period will be extended to a Monday. These periods allow sufficient time for token holders to review, discuss, and cast their votes.

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Last updated 1 year ago

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