Voting System

Empowering Active Partnerships

NFsTay Voting System: Empowering Active Participation

The NFsTay voting system ensures that property partners have direct control over critical decisions regarding their investments. Designed for transparency, fairness, and active engagement, this blockchain-based system provides a seamless way to make collective decisions.

Key Features of the Voting System

  1. Blockchain-Based Governance:

    • All voting is conducted on the blockchain, ensuring an immutable, tamper-proof, and transparent record of every decision.

  2. Proportional Voting Power:

    • Your voting power matches your capital contribution to the property deal. Put in 25%, get 25% voting weight on that specific property.

  3. Who Can Create Proposals:

    • Only active partners in a specific deal can create proposals for that property.

    • To prevent spam and encourage meaningful proposals, a $25 fee worth of STAY tokens is required to create a proposal. This fee supports the ecosystem and is burned to enhance the value of STAY.

  4. Regular Proposals:

    At least one proposal is generated monthly for partners to vote on. Examples include:

    • Rental pricing

    • Changing the property manager

    • Authorizing maintenance or upgrades

    • Strategy on reinvestment or payout distribution.

  5. Active Participation Requirement:

    • Partners must vote on proposals to qualify for their monthly rental income distributions.

    • If a partner does not participate, their rental income for the period is lost until they resume active engagement, encouraging informed participation.

  6. Majority Rules:

    • Most decisions are made by a simple majority (50% +1 vote).

    • Major decisions (e.g., ending lease early, changing partner structure) require supermajority or unanimous approval.

  7. User-Friendly Interface:

    • Voting is managed through the NFsTay platform dashboard, allowing partners to easily review proposals, cast votes, and monitor outcomes.

  8. Transparency and Accountability:

    • Voting outcomes and the execution of approved proposals are recorded on the blockchain, ensuring complete visibility for all partners.

  9. Dynamic Adjustments:

    • The voting system allows partners to influence operational strategies, including decisions regarding the Treasury, property management, and other relevant aspects.

How It Works:

  1. Proposal Creation:

    • A partner with shares in the property drafts a proposal and submits it through the NFsTay platform.

    • The $25 fee, paid in STAY tokens, is deducted upon submission and subsequently burned, reducing the overall token supply.

  2. Voting Period:

    • The proposal is open for voting, with a set timeframe for partners to cast their votes.

  3. Implementation:

    • Once the voting period ends, the results are recorded on the blockchain, and the approved decision is implemented.

  4. Monthly Engagement:

    • Proposals are structured to ensure regular engagement, keeping all partners informed and involved in the management of their investments.

Benefits of the Voting System:

  • Active Partnership: Partners actively shape the management and performance of their investments.

  • Transparency: Blockchain ensures that all votes and outcomes are publicly verifiable.

  • Democracy in Action: Decisions are made collectively, respecting the proportional ownership of each partner.

  • Ecosystem Support: Proposal fees in STAY tokens contribute to token burns, enhancing the long-term value of the ecosystem.

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