Governance

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Introduction

PROTOCOL

PRODUCT

Governance

Here we describe the proposed future governance protocol for hord.app. Please be advised that we cannot commit to or promise that holding HORD tokens will earn their holder any governance power.

HORDx tokens are used for governance. These can be earned by Participating in the network (Creating hPool or subscribing to them as followers or trading hPool tokens in the secondary marketplace on hord.app)
Governance is used for:
1.Configuring network wide parameters.
HORDx initial supply is 100M and is held by Hord Foundation and Team.
Once the platform is live:
1.Each pool successfully launched by a champion will grant the champion HORDX_CHAMPION_POOL_LAUNCH_GRANT (100) HORDx Tokens.
2.Each 1000$ staked on hPool by subscribers will grant HORDX_FOLLOWER_1K_STAKE_GRANT (1) HORDx Token.
3.Each 1000$ worth of hPool purchased in secondary transfers will grant HORDX_TRADER_1K_STAKE_GRANT (1) HORDx Token to the receiver. 
A participant requires to have at least HORDX_MIN_TO_VOTE (1000) HORDx to initiate a vote.
HORDx can only be earned by staking HORD and participating in the network, it cannot be traded.
HORDx might also have mechanisms by which a holder can lose their HORDx by negative participation / long time without participation ..
HORDx tokens allow to raise a proposal to change any configuration on the protocol level. Each HORDx token held allocated 1 point in voting power to its holder. An affirmation vote from a total of 51% voting power is required in order to facilitate the proposal. 
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Last modified 1yr ago

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