What is Membership?
The qualification to be a BOScoin community member.
Rights:
Members can participate in Congress voting.
Members can receive rewards according to the Member’s contribution to the community.
Qualification:
※User receives Membership after completing pre-Membership requirements and freezing at least 10,000 BOScoin.
※Any BOScoin wallet address can be designated as a Membership Account. Designation is for voting and BOScoin freezing.
About Freezing:
Freezing condition
A user can freeze BOScoin in units of 10,000 BOS.Freezing procedure
Upon users’ Membership account designation, users can freeze whole or portions of BOScoins in the Membership account. Freezing occurs in a way that a Frozen account linked to the Membership account is created and BOScoins are transferred to the Frozen account.
- Unfreezing procedure
When users unfreeze BOScoins, the entire amount frozen in that specific Frozen account can be retrieved to the linked membership account after two weeks users request unfreezing.
※Freezing period : at least 2weeks ~ unlimited
- Frozen account properties
①
The Frozen account is not created separately. The Frozen account is created from the
membership account only when freezing is executed.
②
Frozen accounts are only used once. If a user freezes additional coins an additional
Frozen account will be created and added to their Membership account.
③
It is possible to make several Frozen accounts under a single Membership account.
④
When a user unfreezes BOScoin, the entire balance for a specific Frozen account can be
retrieved to the linked Membership account. Upon retrieval, the Frozen account will no
longer appear in the application. Frozen accounts are temporary, and only used once.
Congress Voting
What is Congress Voting?
Congress Voting is the BOScoin Congress Network's democratic decision making process, and is comprised of proposal submission, discussion, voting, and execution according to the will of the community.
Qualification
Prerequisite
To be eligible for Congress Voting you must acquire Membership, and retain Membership until the end of voting period. The Membership can be acquired during voting period, however, it should be maintained until the end of voting period.Granted Condition
Membership gives a user 1 vote.
Voting Schedule
- Voting start / end time
Voting start and end times based on universal time standard will be announced in each proposal.
Voting Rules
- Voting options
Agree, Disagree, and Abstain
- Revoting
A Member can vote several times during the proposal voting period. Only the last ballot stamp result will be applied towards the voting count.
- Approval condition
The approval condition for each proposal will be contained in the proposal, and could vary based on the type of proposal being submitted.
- Results
Voting statics will be announced only after the end of voting.