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Bitgold Governance Temperature Check

Overview

Bitgold Network governance uses a two-step process: a temperature check and a final decision vote. The temperature check gauges community sentiment on a proposal; if a proposal receives enough support, it moves to the final decision phase, where staked BTG decides whether it is implemented or rejected.

Submit a proposal

Info

Anyone staking BTG can create a temperature-check proposal.

  1. Open the governance area of the Bitgold app and connect the wallet that holds your staked BTG.
  2. Choose New proposal.
  3. Fill in the title, description, and a discussion link.
  4. Select the voting system, the vote options, and how long the vote should run. Allow enough time for holders to participate.
  5. Publish the proposal. It appears in the proposal list for the space.

Voting

Vote on a proposal

Info

BTG delegators can vote on proposals.

  1. Open the governance area of the Bitgold app.
  2. Select the proposal you want to vote on.
  3. Connect your wallet. Use the same address you use for staking so that your voting weight is counted.
  4. Choose a voting option and sign the request.

Delegate voting power

  1. In the governance area, open Delegation.
  2. Enter the address you want to delegate to.
  3. Confirm the delegation and sign the request.

Undelegate voting power

  1. Open Delegation in the governance area.
  2. Find your current delegatee under the delegate list.
  3. Remove the delegation and sign the request.

Factors affecting governance power

  • BTG balance: the more BTG you hold, the greater your voting power.
  • Staked BTG: staking BTG, either as a validator or by delegating, contributes to governance power. This aligns voting influence with participants who secure the network.
  • Delegated power: BTG holders can delegate their voting power to another address, such as a validator or community representative.

For staking operations, see Staking and the Bitgold app.