GOVERNANCE

The collection stays.
Unless participants vote.

Nothing sells by default. A specific, bounded sale can be authorized only by mature, opted-in participants through the process below.

The process

  • 7-day maturity. Staked tokens must mature for seven days before they are eligible. Adding to a pending bucket resets that bucket's maturity clock.
  • 24h voting delay. After a proposal is created, voting opens after a one-day delay against a historical snapshot.
  • 48h voting period. Eligible participants vote for, against, or abstain.
  • Quorum = max(5% of initial issued supply, 20% of eligible escrow supply). Participation counts across for + against + abstain.
  • 2/3 supermajority. Of non-abstaining votes, at least two thirds must be in favor.
  • 24h execution delay. A passing proposal waits in a timelock before the custody side may execute the bounded sale.
  • Bounded execution. A passing vote authorizes one specific sale with a minimum net price, venue, capped execution costs and an expiry — it is not a guarantee a buyer exists or that a payout follows.
  • Early-life sale lock. No sale can be authorized until the treasury holds at least 10 zkSNARKs or 3 days have passed since deployment — whichever comes first. The lock is fixed in the contract at deployment; there is no admin override.

These parameters are the current development defaults from the launch configuration, not a ratified production constitution.

Original illustrative scene: the holder council desk where bounded sales are voted on.
The holder council — original illustrative scenery

Live proposals

LIVE PROPOSALS

No live proposals exist. There is no verified deployment: no governance contracts, no stake escrow, no eligible supply, and nothing in custody to propose a sale of. Live proposals can only exist after launch and after holdings are confirmed.

WHAT A PROPOSAL LOOKS LIKEEXAMPLE
PROPOSAL example-1 · BOUNDED SALEEXAMPLE

Sell demo-operator-0002 at a minimum net 12 ZEC

  • Asset: demo-operator-0002 (fixture namespace)
  • Minimum net price: 12 ZEC · venue: demo marketplace
  • Maximum execution costs: 0.4 ZEC · expires 30 days after execution window opens
  • Quorum and vote tallies shown on the detail page
Open the full example proposal
Governance — SNARKSTR