SIX Protocol
  • SIX NETWORK
    • Introduction
    • About SIX Network
    • Milestone
    • SIX Network Roadmap 2025 : The Year of Adoption
      • Real-World Asset Tokenization Projects
      • SIX Network Developer Program & Grants
      • Expanding and Deepening Partnerships
      • Increasing Benefits for Staking
      • Positive Impacts to SIX Token
    • SIX Token
      • Token Supply & Network
      • Emission
      • Supply Management Policy
        • How Pre-Quarterly Reserved Supply Burn Works
        • Why Pre-Quarterly Reserved Supply Burn is Better
        • Supply Management Record
      • Governance Function
    • Community Relations
      • Legacy Business Activities
      • Extended Activities
      • Current Activities
      • Recent News, Announcements, and Business Update
  • SIX Protocol
    • Introduction
    • Core Structures
    • EVM Compatible
      • Example Use Cases
    • EVM x Cosmos Transfer
    • Node Validator
      • Business Node Validator
      • Individual Node Validator
    • Dynamic Data Layer
      • Overview
    • NFT Gen2
      • NFT for Business Application
        • NFT Ticketing
        • NFT Redeemable
        • NFT Membership
      • Preparation to use NFT Gen2
    • Tokenization Platform
  • Guide
    • User Guide
  • Technical Document
    • NFT Gen2
    • SIX Protocol
  • GOVERNANCE
    • Introduction to Governance
  • Community Support
    • SIX Protocol Developer Community
  • Links
    • SIX Community Links
      • Discord
      • Twitter
      • Telegram
    • Official Site
      • SIX Protocol
      • SIX Network
    • Medium
    • Github
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  • Introduction
  • Collectorate Address for Validator nodes
  1. GOVERNANCE

Introduction to Governance

Introduction

Governance exists for the community of token holders validator nodes to decide on key issues involving the blockchain and its development. This is achieved by proposing items of business to be voted on by the token holders.

There are four forms of governance proposal:

  • Text proposal - this type of proposal is text only. The outcome is not automatically implemented and may require actions by third parties to implement.

  • The community spends - the outcome of this type of proposal will be the transfer of funds from the community pool to the address and for the amount nominated in the proposal.

  • Parameter change - the outcome of this proposal will be modified blockchain parameters by the proposal submission.

  • Software upgrade - the outcome of this proposal will be validators and node operators undertaking a coordinated software upgrade at the block height specified in the proposal.

Collectorate Address for Validator nodes

To migrate SIX from other networks onto the SIX Protocol Chain, SIX Protocol will be using the collectorate address to lock SIX tokens instead of burning them. This means that the same number of SIX locked will be minted on the SIX Protocol Chain.

Please refer to this collectorate address:

GC47FQ2LABAXPUULKXX23OAIEAN7GSWMUOYAEHGGXPG5DV4MLIL2OUJC

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Last updated 5 months ago