🏛️Governance

Stake-weighted governance processes

SOUND token holders wield direct influence over platform decisions, ranging from protocol upgrades to feature implementations. This governance model empowers the community to collectively shape the platform's trajectory, ensuring alignment with evolving creative and technological paradigms.

Token-Weighted Voting:

Voting Power = Total Tokens Held / Total Token Supply

This formula assigns voting power proportionally to the number of tokens held by each participant. For example, if a token holder holds 100 tokens and the total token supply is 1,000, then their voting power would be 10%.

Minimum Tokens Required to Vote on a Proposal: 1000 $SOUND

Minimum tokens Required to Issue a Governance Proposal: 100,000 $SOUND

Marketplace Banner Auctions:

• The Soundwork MarketPlace will hold anywhere from 3-6 TOP SPOTS on the marketplace, which are made available for the Labels and creators to bid on and then take the top spots for promoting their sounds and packs.

• The rotation will happen every Week, and the Pricing for the Top spots will be assigned to the TOP BIDDER, provided that the owner of the sound has staked a minimum amount of 10,000 $SOUND Tokens.