Governance
To vote within the ZONK INU Utility Tokenโs DAO, a token holder must first hold the ONVO Utility Token as specified in the following: Every 1,000,000,000 (One Billion), ONVO Utility Tokens represent one vote within the ZONK INU Utility Tokenโs DAO system. All decisions for the governance of the ZONK INU Utility Token must receive a simple majority of fifty-one per cent (51%), of the votes from those who vote and are valid ZONK INU Utility Token holders eligible to vote.
The process for voting is as follows:
One week for evaluation of all new proposals.
One week for the voting of proposals by the off-chain method
One week for final review by the council
Final notification of the outcome of the vote and action
The ZONK INU Utility Token DAO Council is currently comprised of Council Members. The Council Members will help guide the proposal, evaluation, voting, and implementation process for the ZONK INU Utility Token DAO.
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