{"id":2024,"date":"2022-12-22T21:50:21","date_gmt":"2022-12-22T21:50:21","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2022\/12\/22\/rug-radios-rugdao-looks-to-change-its-voting-system\/"},"modified":"2022-12-22T21:50:21","modified_gmt":"2022-12-22T21:50:21","slug":"rug-radios-rugdao-looks-to-change-its-voting-system","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2022\/12\/22\/rug-radios-rugdao-looks-to-change-its-voting-system\/","title":{"rendered":"Rug Radio\u2019s RugDAO Looks To Change Its Voting System"},"content":{"rendered":"

<\/p>\n

\n

Rug Radio\u2019s<\/a> DAO, RugDAO, presented a new proposal titled \u201cVoting Governance Amendment aka Quorum Proposal.\u201d The new proposal aims to lower voting quorum limits to something more realistic and achievable. <\/span><\/p>\n

Let\u2019s dive into the details.<\/span><\/p>\n

\n<\/picture><\/p>\n

About the RugDAO Proposal<\/b><\/span><\/h2>\n

On December 20, 2022, the proposal<\/a> was posted, allowing the RugDAO community to vote for or against it. Voting for the proposal ends on December 27, so members have five days to get their vote in. Further, a<\/span>\u00a0total of 822 RDAO were used for voting on the proposal, resulting in 100% approval thus far. In addition, there are zero people who voted against it at this time.<\/span><\/p>\n

So, what does the proposal contain? For starters, Tanja Nicole, a member of the RugDAO council, has worked side by side with the community to develop the proposal.\u00a0<\/span>The purpose of this was to provide a more opportunistic quorum level for the community.\u00a0As a result, access to DAO funding and support will become more efficient, while maintaining security of the DAO\u2019s assets. Furthermore, if the proposal passes, the voting system will require less community input for future proposals that receive substantial amounts of affirmative votes. In contrast, unfavourable proposals will require more community input. \u201cBy implementing dynamic voting, the curve of required votes for a proposal to pass follows the sentiment of the community,\u201d stated Nicole in the proposal.<\/span><\/p>\n

To specify, if passed, the proposal will reduce the quorum level from 50% to as low as 10%.<\/span><\/p>\n

Moreover, the holders of RugDAO who are presenting this proposal believe that lower quorum levels are crucial for the success of the DAO. They also believe that it will enable builders to use the DAO\u2019s resources to expand the Rug Radio brand.\u00a0<\/span><\/p>\n

\n
\n
\n
\n
\n
\n

Join Our New “To The Moon” daily Newsletter<\/span><\/h4>\n

Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n

\n
\n

Thank you!<\/span><\/h4>\n

You have successfully joined our subscriber list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\".\"

\n

\u00a0<\/p>\n\n

All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n

This article is educational material.<\/em><\/p>\n

As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rug Radio\u2019s DAO, RugDAO, presented a new proposal titled \u201cVoting Governance Amendment aka Quorum Proposal.\u201d The new proposal aims to lower voting quorum limits to something more realistic and achievable. Let\u2019s dive into the details. About the RugDAO Proposal On December 20, 2022, the proposal was posted, allowing the RugDAO community to vote for or […]<\/p>\n","protected":false},"author":1,"featured_media":2025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/12\/RugDAO_GreenBG.fRBvFTJCZEeKMLCPzAt98Q.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/2024"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=2024"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/2024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/2025"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=2024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=2024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=2024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}