SKYOCEAN Governance Framework

The SKYOCEAN governance framework establishes a structured approach to platform decision-making, ensuring transparency and community participation while maintaining operational efficiency.

Governance Structure

Token Holder Categories

• All SKYT token holders
• 1 token = 1 vote principle
• Minimum holding requirements for proposal submission

Decision-Making Framework

Proposal Types

Skyocean-Issued Proposals

• Strategic direction decisions
• Major platform changes
• Financial decisions
• Technical upgrades

Community Member Proposals

• Platform improvements
• Feature requests
• Parameter adjustments
• Community initiatives

Proposal Requirements

graph TD
    A[Proposal Requirements] --> B[Minimum Tokens]
    A --> C[Voting Period]
    A --> D[Quorum Requirement]
    A --> E[Majority Threshold]
    
    B --> B1[Required token holding<br>for submission]
    C --> C1[Duration of<br>voting window]
    D --> D1[Minimum participation<br>threshold]
    E --> E1[Required approval<br>percentage]
    
    style A fill:#4b6584,stroke:#2d3436,color:#ffffff
    style B fill:#7ed6df,stroke:#22a6b3
    style C fill:#7ed6df,stroke:#22a6b3
    style D fill:#7ed6df,stroke:#22a6b3
    style E fill:#7ed6df,stroke:#22a6b3

Voting Process

Discussion Phase

• Community discussion period
• Proposal refinement
• Impact assessment
• Technical validation

Voting Mechanism (intitial Phase)

• On-chain voting
• Token-weighted voting
• Transparent vote counting
• Result verification

Implementation Process

Approved Proposals

• Technical review
• Implementation planning
• Execution timeline
• Progress tracking

Execution Timeline

• Development phase
• Testing period
• Deployment schedule
• Community notification

Transparency Measures

Regular Reporting

• Proposal status updates
• Implementation progress
• Financial reports
• Performance metrics

Communication Channels

• Official announcements
• Community forums
• Social media updates
• Technical documentation

Community Engagement

Participation Incentives

• Proposal rewards
• Voting rewards
• Contribution recognition
• Community highlights

Education and Support

• Governance guides
• Proposal templates
• Technical documentation
• Support channels

Risk Management

Security Measures

• Smart contract audits
• Vote verification
• Access controls
• Emergency procedures

Contingency Planning

• Emergency voting
• Critical fixes
• Security responses
• System recovery

Future Development

Governance Evolution

• Framework improvements
• Process optimization
• Tool development
• Community feedback integration

Planned Enhancements

• Advanced voting mechanisms
• Improved proposal systems
• Enhanced analytics
• Automated execution

Technical Implementation

Smart Contract Structure

// Example Governance Contract Structure
pragma solidity ^0.8.0;

contract SkyoceanGovernance {
    // Contract state variables
    uint256 public proposalCount;
    mapping(uint256 => Proposal) public proposals;
    
    // Proposal structure
    struct Proposal {
        uint256 id;
        address proposer;
        string description;
        bytes executionData;
        uint256 startTime;
        uint256 endTime;
        uint256 forVotes;
        uint256 againstVotes;
        bool executed;
        mapping(address => bool) hasVoted;
    }
    
    // Core governance functions
    function createProposal(string memory description, bytes calldata executionData) public returns (uint256);
    function vote(uint256 proposalId, bool support) public;
    function executeProposal(uint256 proposalId) public;
    function getProposalStatus(uint256 proposalId) public view returns (string memory);
}

Voting Mechanism

graph TB
    TH[Token Holder] --> |1. createProposal| GC[Governance Contract]
    GC --> |2. Store Data| BC[Blockchain]
    BC --> |3. Return ID| GC
    GC --> |4. Return ID| TH
    
    TH --> |5. vote| GC
    GC --> |6. Record Vote| BC
    BC --> |7. Confirm| GC
    GC --> |8. Confirm| TH
    
    TH --> |9. executeProposal| GC
    GC --> |10. Check if Passed| GC
    GC --> |11. Execute Changes| BC
    BC --> |12. Complete| GC
    GC --> |13. Confirm| TH
    
    style TH fill:#a29bfe,stroke:#6c5ce7
    style GC fill:#74b9ff,stroke:#0984e3
    style BC fill:#55efc4,stroke:#00b894

Appendix

Proposal Template

graph TD
    A[Proposal Structure] --> B[1. Title]
    A --> C[2. Description]
    A --> D[3. Technical Specification]
    A --> E[4. Implementation Plan]
    A --> F[5. Resource Requirements]
    A --> G[6. Timeline]
    A --> H[7. Success Metrics]
    
    B --> B1[Clear, concise name<br>of the proposal]
    C --> C1[Problem statement and<br>proposed solution]
    D --> D1[Technical details and<br>implementation approach]
    E --> E1[Step-by-step execution<br>plan with milestones]
    F --> F1[Budget, personnel and<br>resource allocations]
    G --> G1[Expected timeframes<br>for each phase]
    H --> H1[Measurable indicators<br>of successful implementation]
    
    style A fill:#4b6584,stroke:#2d3436,color:#ffffff
    style B fill:#a29bfe,stroke:#6c5ce7
    style C fill:#a29bfe,stroke:#6c5ce7
    style D fill:#a29bfe,stroke:#6c5ce7
    style E fill:#a29bfe,stroke:#6c5ce7
    style F fill:#a29bfe,stroke:#6c5ce7
    style G fill:#a29bfe,stroke:#6c5ce7
    style H fill:#a29bfe,stroke:#6c5ce7

Voting Guidelines

• One token, one vote
• No vote delegation
• Minimum holding period
• Vote locking period

Last Updated: January 2024