Governance

Governance Introduction

Governance Token

LIVE is BEP-20 token of SecondLive protocol.

Voting Rights

LIVE holders have the right to make technical changes to the SecondLive protocol and approve on-chain decisions on non-technical issues.

No matter it is a change to protocol parameters or a decision to accept a new governance concept, LIVE voters have the final rights of control.

Voting Governance

The voting behaviour ensured SecondLive community to have a voice in project development in the future.

Core Proposal: SecondLive team initiate proposal, the final decision is made on voting results.

Community Proposal: Proposed by community. They provide ideas and show attitude towards project. The SecondLive team will review every single proposal and vote carefully. For those which received majority of supports, official team will consider to upgrade it to "core proposal".