XPR Network Grants
Last updated
Last updated
Individuals who hold XPR tokens will be able to use them to vote for community grant applications. In this way, the users of XPR Network can use their XPR tokens to steer the direction of the grant applications in the community.
In the XPR Network Grants community, the cost to publish a proposal is 100,000 XPR.
The following accounts will not participate in voting:
xprtreasury - The account of the Proton Foundation
xprgrants - The account of the XPR Network Grants
Metallicus company related accounts such as metalpayroll, metalfinance, metallicus, metallicusmm
The scope of proposals for the XPR Network Grants includes aspects related to Grant Application Proposals that are in scope are listed below.
Proton Grant Applications
Proposals can be submitted to vote on whether to support a new community Grant Application for development on XPR Network. The Consortium has the final say or approval on funds to be distributed. These funds are distributed from the xprgrants account.
Please note applicants must first submit their application to the Grant Framework repo on Github. Any proposals for grants being considered will undergo a review conducted by the consortium and core developer.
To be eligible to vote, users must have a balance of XPR tokens that are liquid or staked. Each XPR token and staked XPR token counts as one vote. For example: if you have 23.44 XPR and 44.87 staked XPR, your total vote power would be 68.31 votes.
Quorum voting sets a minimum threshold of voters required for a proposal to pass, such as a 60% quorum where 60% of voting power must vote. If the quorum is reached, the decision with the most votes wins. Proposals fail if the quorum threshold is not met. In the XPR Network Grants community, the quorum is set to 15%.