🗳 QIE Blockchain Governance Model

QIE Blockchain uses an on-chain, decentralized governance system. it empowers coin holders to submit proposals, vote, and make binding decisions for the protocol.

This page explains how governance works in QIE and how it's configured in the blockchain's genesis parameters.

📌 What Is On-Chain Governance?

On-chain governance allows all QIE coin holders (via staking) to participate in major decisions such as:

  • Parameter changes (e.g., inflation rate, block size , halving)

  • Protocol upgrades

  • Community fund spending

  • Text-based community proposals

Decisions are made through coin-weighted voting, and successful proposals are executed automatically by the blockchain.

🔄 Governance Lifecycle

1. Proposal Submission

Anyone can submit a proposal by attaching a deposit of at least 10,000 QIE.

Proposal types:

  • Parameter change

  • Community pool spend

  • Software upgrade

  • Text proposal

If the minimum deposit is not reached during the deposit period, the proposal is discarded.

2. Deposit Period

  • Duration: 48 hours

  • Required Deposit: 10,000 QIE

  • Denomination: aqie (1 QIE = 10^18 aqie)

Community members can contribute to meet the deposit threshold.

3. Voting Period

  • Begins once the deposit threshold is met

  • Duration: 48 hours (or 24 hours for expedited proposals)

  • Voting Options:

    • ✅ Yes

    • ❌ No

    • 🛑 NoWithVeto (burns deposit if threshold is reached)

    • ⚪ Abstain

Only staked QIE is eligible to vote. Delegators may override their validator’s vote.

4. Tally & Results

A proposal passes if:

  • Quorum: ≥ 33.4% of total staked QIE voted

  • Threshold: ≥ 50% of non-abstain votes are "Yes"

  • Veto: < 33.4% voted "NoWithVeto"

If vetoed, the proposer’s deposit is burned.

5. Execution

If approved:

  • Parameter changes are applied automatically

  • Fund transfers are executed

  • Upgrade proposals are scheduled

⚙️ QIE Governance Parameters

These values are configured in the blockchain’s genesis.json.

Deposit Parameters

Parameter
Value

Minimum Deposit

10,000 QIE

Max Deposit Period

48 hours

Expedited Min Deposit

20,000 QIE

Denomination

aqie (1 QIE = 10¹⁸ aqie)

Voting Parameters

Parameter
Value

Voting Period

48 hours

Expedited Voting Period

24 hours

Tally Parameters

Parameter
Value

Quorum

33.4%

Threshold (Yes Votes Required)

50%

Veto Threshold

33.4%

Expedited Threshold

66.7%

Minimum Initial Deposit Ratio

0%

Minimum Deposit Ratio

1%

Proposal Cancel Ratio

50%

🔥 Deposit Burning Rules

Burning applies only under certain conditions.

Scenario
Burned

Quorum not reached

❌ No

Proposal rejected during deposit period

❌ No

Proposal vetoed by >33.4% "NoWithVeto"

✅ Yes

This mechanism discourages spam and harmful proposals.

🛑 Proposal Cancellation

Proposals can be canceled if at least 50% of voting power agrees. No destination address is set, so default cancellation applies (no refund if burned).

✅ Summary

Feature
Value

Minimum Deposit

10,000 QIE

Voting Period

48 hours

Quorum

33.4% of staked QIE

Pass Threshold

50% "Yes" (excluding abstain)

Veto Threshold

33.4% "NoWithVeto"

Expedited Threshold

66.7%

Burn on Veto

✅ Yes

💡 Notes for Community

  • You must stake QIE to vote.

  • Delegators inherit validator votes by default.

  • Voting power is proportional to staked QIE.

  • Deposit and vote amounts use the smallest unit: aqie.

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