iSunCoin Autonomy
iSunCoin adopts decentralized governance, allowing coin holders to participate in community governance through proposals and voting. Users holding iSunCoin automatically become community members, with the right to propose improvements to the iSunCoin ecosystem. After extensive community discussion and voting, decisions are written into smart contracts and executed automatically through community consensus-driven decision-making. This ensures the long-term healthy development of the project and attracts more users and developers to join.
Decentralized Governance
- Participation: Coin holders can propose and vote.
- Community Members: Anyone with iSunCoin.
1
Submit Proposals with 100 ISC Deposit
2
Voting after 32,768 blocks
3
Approved proposals get deposit refunded.
Rejected proposals forfeit deposit (Goes to reward pool).
Update Cycle
System Update
Every 1,310,720 blocks.
Decision-Making
Community members can participate in decision-making regarding the future development direction of iSunCoin through proposals and voting.Community members who participate in governance and provide effective, adopted suggestions will receive governance rewards in the next update cycle.
Execution
Proposals approved by community resolution will be executed by a dedicated team, which will regularly report execution progress to the community. To ensure system stability, the execution team will strictly evaluate each plan and adjust the execution schedule flexibly.
Prioritization
Proposals will be prioritized for execution based on the difference between approval and disapproval votes. If there are too many proposals to complete in the current cycle, they will be carried over to the next cycle.
Proposals
Eligibility
10,000+ ISC holders.
Deposit
100 ISC per proposal.
Voting
After 32,768 blocks.
Adoption
1,000+ votes
approvals > rejections.
Proposals are limited to the following topics:
Core Protocol Upgrades
Changes directly affecting the underlying blockchain architecture, including but not limited to zero-knowledge proof consensus and virtual machines.
Functional Upgrades
Additions or modifications to blockchain features, including but not limited to cross-chain technology support and native exchange contracts.
Parameter Adjustments
Changes to various blockchain parameters to optimize network performance, such as block size and transaction fees.
Governance Committee Adjustments
Changes to the composition, responsibilities, and authority of the governance committee, including adding or removing committee members.
Governance Committee
Top 5 ISC holders
others via proposals.
Proposal Review
Reviewing community member proposals to ensure their reasonableness and feasibility.
Decision-Making
Voting on major decisions and representing the community in making decisions.
Communication
Maintaining close communication with community members and collecting feedback.
Risk Management
Assessing project risks and formulating corresponding countermeasures.
Deposit: 1 ISC per vote
To ensure fair and transparent community governance, all proposals are decided by voting. Each community member can cast one vote, either for or against a proposal. To enhance the quality of voting and reduce random voting or malicious attacks, each vote requires a deposit of 1 ISC as a security deposit. All the participants can claim governance rewards.
Approval
Refund proposal deposits,
Refund voting deposit.
Rejection
Forfeit proposal deposit
(Goes to reward pool),
Refund voting deposit.
Governance Rewards
Participation in iSunCoin proposals and voting requires a certain amount of deposit. Most deposits will be refunded after the decision, except for deposits of rejected proposals, which will be forfeited due to the community's disapproval and added to the governance reward pool as governance rewards. Additionally, each block will provide extra governance rewards.
Contribute to iSunCoin.com
This website adheres to the "Public Domain Contribution Declaration" (CC0) and provides technical support and explanations for iSunCoin in a non-profit manner while promoting related applications. You can propose editing suggestions, recommend fantastic new features, or assist with debugging for all content on this website.
Github