Voting System

Empowering Active Participation

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:

   • Each partner’s voting power corresponds to the number of shares they hold in the property’s SPV (Special Purpose Vehicle).

   • For example, owning 25% of the shares gives a partner 25% of the voting power for that property.

3. Who Can Create Proposals:

   • Only partners who hold shares in a specific property 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:

     • Adjusting rental prices.

     • Selecting or changing property management companies.

     • Approving maintenance or renovation expenses.

     • Deciding on profit reinvestment or distribution strategies.

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 withheld until they resume active engagement, encouraging informed participation.

6. Majority Rules:

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

   • For major decisions, such as selling the property or altering the SPV structure, a supermajority or unanimous vote may be required.

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 Ownership: 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.