GHOST Whales Governance

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Proposal 6. Customizing GHOST Whale Members’ Name TAG

Overview
To increase visibility and enhance our identity, we propose that all GHOST Whale members update their Telegram account names to include either “ ghostChain” or “ ghostchain.io”.

Purpose
Brand Visibility: Strengthen awareness of the “GhostChain” initiative.

Unified Identity: Present a consistent and professional image across the community.

Wider Reach: Help spread recognition of “GhostChain” to a broader audience.

Implementation
Members simply update their Telegram display names by adding:

ghostChain or
ghostchain.io

Action Required

Please cast your vote below on whether you agree with this proposal. πŸ‘»πŸ³

STATUS: REJECTED
YAY: 26 NAY: 53
DEADLINE: Jan 18, 2025

Proposal 5. Additional Governance for GHOST Validators

DEFINITIONS
⚫️ Full Node 🌐 is a user who is running a Full Node on the GHOST Chain.
⚫️ Validator 🧩 is a Full Node 🌐 that is part of the GHOST Genesis.

VALIDATOR GOVERNANCE
Validators 🧩 represent a special cluster of GHOST Whales πŸ‘»πŸ³ who consistently run Full Nodes and are more responsive in the GHOST Whales πŸ‘»πŸ³ group. Given 2/3 consensus needed to finalize blocks, Validators 🧩 represent an important group ensuring that the GHOST Chain is operational.

It is suggested that Validators 🧩 must decide which Full Nodes 🌐 shall be promoted to the rank of a Validator 🧩.

VALIDATOR GOVERNANCE RIGHTS
⚫️ Based on the Validator 🧩 vote, a given Full Node 🌐 may be promoted to become a Validator 🧩.
⚫️ Similarly, based on the Validator 🧩 vote, a given Validator 🧩 may be removed from the list of Validators 🧩.

Validator 🧩 votes will be proportional to their Whale Status πŸ‘»πŸ³. Validator 🧩 voting will follow the majority vote.

NOMINATION
⚫️ Any Validator 🧩 can nominate a Full Node 🌐 to be promoted in a Non-Anonymous Poll.
⚫️ Any Validator 🧩 can nominate a Validator 🧩 to be removed in a Non-Anonymous Poll.

All GHOST Whales πŸ‘»πŸ³ can cast their votes.

**If you disagree with any item in Proposal 5, please include your feedback in the response to the vote.

STATUS: PASSED
YAY: 28 NAY: 6
DEADLINE: Nov 26, 2024

Proposal 4. How to Invite GHOST Whales

The following framework should be used to invite upcoming members to the GHOST Whales πŸ‘»πŸ³ private Telegram group.

  1. Only GHOST Whales πŸ‘»πŸ³ may invite upcoming members.
  2. An invited member does NOT have to be a GHOST Whale πŸ‘»πŸ³ at the moment of invitation.
  3. An invited member must become a GHOST Whale πŸ‘»πŸ³ within 7 days of the invitation – otherwise, the member is banned from the GHOST Whales group.
  4. The GHOST Whales πŸ‘»πŸ³ invite link is shared with the GHOST Whales πŸ‘»πŸ³ community.

STATUS: PASSED
YAY: 37 NAY: 0
DEADLINE: OCT 20, 2024
Join GHOST Whales to Vote

Proposal 3. How to Initiate a Proposal

The following mechanism to initiate proposals is suggested:

  1. Every proposal must be initiated by a group of GHOST Whales πŸ‘»πŸ³, with the total voting power of at least 7 votes. βœ…
    • The Voting Power is specified in Proposal 2
    • The GHOST Whale πŸ‘»πŸ³ definition is specified in Proposal 1
    • The minimum of 7 votes ensures that there are must be at least 2 GHOST Whales πŸ‘»πŸ³ to initiate a proposal
  2. The GHOST Whale πŸ‘»πŸ³ who initiates a Proposal must tag the other GHOST Whales πŸ‘»πŸ³ who vetted such proposal.
  3. Any fraud activities associated with wrongfully tagging a GHOST Whale πŸ‘»πŸ³ who hasn’t vetted a proposal must be publicly reported by the misrepresented GHOST Whale πŸ‘»πŸ³. Such fraud activity could result in slashing of all GMV points earned by the user engaged in fraud activities.

STATUS: PASSED
YAY: 35 NAY: 3
DEADLINE: OCT 11, 2024
Join GHOST Whales to Vote

Proposal 2. Proposal Voting Mechanism

The following voting mechanism is suggested going forward:

  1. Only the votes from GHOST Whales πŸ‘»πŸ³, as specified in Proposal 1, will be counted.
  2. Thus, all Proposal Votes via Telegram Polls will have to be strictly “Non-Anonymous”. Meaning, the Telegram Polls will be showing the voters lists. That’s the only way to identify whether each voter was a GHOST Whale πŸ‘»πŸ³ as specified in Proposal 1 or not.
  3. -> Since all Whales are highly encouraged to act under an anonymous username in Telegram such measure of “uncovering” the voter lists should NOT cause any issue with the anonymity of the user.

  4. The Vote Rights of every GHOST Whale πŸ‘»πŸ³ will become proportional to their GMV stakes according to definitions and formulas provided below:
  5. Vote Rights (Whale Status) = Phase (Whale Status).

    Phase (Whale Status) is calculated based on JML Phases, which can be found here John McAfee NFT Collection.

    JML Phase Split:

    • Level 1 – Level 5: Phase 1 => 1 Vote
    • Level 6 – Level 10: Phase 2 => 2 Votes
    • Level 11 – Level 15: Phase 3 => 3 Votes
    • Level 16 – Level 20: Phase 4 => 4 Votes
    • Level 21 – Level 25: Phase 5 => 5 Votes

    The Whale Status is identified based on the GMV Stake, where GMV Stake is defined as:

    GMV Stake = On-Chain GMV tokens + Off-chain GMV points.

    The Whale Status is assigned based on the GMV Stake submitted to the ghostAirdrop Bot using the following instructions:

    πŸ”΄ Go to About
    πŸ”΄ Go to Ask Me Anything
    πŸ”΄ Send the quantity of your GMV Stake

  6. Any fraud activities detected and publicly reported by any GHOST Whale could result in slashing of all GMV points earned by the user engaged in fraud activities.

Fraud activities include consciously reporting incorrect GMV Stake balance.

STATUS: PASSED
YAY: 13 NAY: 2
DEADLINE: OCT 6, 2024

Proposal 1. GHOST Whale Definition

GHOST Whale πŸ‘»πŸ³ is a user who has completed the following:

  1. Claimed JML NFT on a Mainnet blockchain
  2. Registered in the ghostAirdrop Bot
  3. Joined the GHOST Official Community
  4. Joined the GHOST Whales Group
  5. Updated Telegram Account Avatar to the JML that was claimed or has an equal status
  6. Submitted their total amount of on-chain GMV tokens and off-chain GMV points to the ghostAirdrop Bot to verify their GMV-based status

Please send your vote below on whether you agree with the definition of the GHOST Whale πŸ‘»πŸ³.

The GHOST Whale definition will be approved based on the majority vote.

The vote is open only to users currently situated in the GHOST Whales group πŸ‘»πŸ³.

The voting deadline is 11:59PM EST on Oct 3, 2024.

**If you disagree with the definition, and would like to add additional parameters defining a GHOST Whale, please include your feedback in the response to the vote.

STATUS: PASSED
YAY: 13 NAY: 4
DEADLINE: OCT 3, 2024

What is GHOST?

GHOST Ecosystem is at the forefront of decentralized cross-chain interoperability, providing the ability to transfer tokens, NFTs, and other digital assets across multiple blockchains.

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