SKOCEAN 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

{
  "proposal": {
    "minimumTokens": "Required holding for submission",
    "votingPeriod": "Duration of voting window",
    "quorumRequirement": "Minimum participation threshold",
    "majorityThreshold": "Required approval percentage"
  }
}

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

struct Proposal {
    uint256 id;
    address proposer;
    string description;
    uint256 votingStart;
    uint256 votingEnd;
    uint256 quorum;
    bool executed;
    mapping(address => Vote) votes;
}

Voting Mechanism

struct Vote {
    bool support;
    uint256 weight;
    string reason;
}

Appendix

Proposal Template

1. Title
2. Description
3. Technical Specification
4. Implementation Plan
5. Resource Requirements
6. Timeline
7. Success Metrics

Voting Guidelines

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

Last Updated: January 2024