This article was first published on Stories by BYTOM BLOCKCHAIN on Medium
SUP is the value capture token of the MOV SuperTx protocol (an advanced and improved AMM trading alternative to Uniswap) and an important part of the MOV DeFi protocol suite.
SUP will have governance rights of MOV SuperTx. In the future, it will be able to：
1, determine the trading fee of the SuperTx protocol,
2, determine token pair listing in the liquidity pool,
3, determine the development direction of the SuperTx protocol (community proposal and voting).
On September 17, SUP liquidity mining was released with more than 54,000 SUPs mined to date.
On September 27, Bytom Foundation released the MOV SuperTx SUP community governance proposal draft V1 that details the rules of MOV SUP governance. We also welcome community members to give us your suggestions.
1) Governance participants and related vote rules
Governance participants: all SUP holders, including direct holders of SUP, holders of SUP Liquidity Provider Token, and SUP holders of "delayed gratification".
● 1 SUP = 1 vote
● LP Token will count votes based on the number of SUPs it represents. For example, if 1 SUP/BTM LP Token represents the liquidity rights of 5 SUP/1000 BTM, then 1 SUP/BTM LP Token = 5 votes
Example: If you invest in 5SUP, in the liquidity pool of SUP/BTM, then you have 5 votes
● SUP holders who choose "Delayed Satisfaction" will vote according to the number of SUP to be received, with 1 SUP = 1 vote.
Delayed gratification means that if you postpone the withdrawal of your SUP, you can receive more SUP than you would normally can get.
Example: For example, if you have 5SUP and choose to delayed gratification and you can finally get 10SUP, which translates to 10 votes.
Note: We hope that through this rule, all holders of SUP can participate in the governance of the SuperTx protocol.
2) Proposal initiation rules
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Stories by BYTOM BLOCKCHAIN on Medium