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Express Referendum Added #3

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Express Referendum Added #3

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2 changes: 1 addition & 1 deletion README.md
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Expand Up @@ -24,7 +24,7 @@ By claiming direct or indirect ownership of an EOS account or property connected
### Article V - Outlines maintenance of all governing documents.
The EOS Platform User Agreement, regproducer, regarb, regforum, are considered governing documents and are to be modified only by User referendum.
### Article VI - Defines User Referendum.
User referendum is the sole mechanism for altering governing documents and/or effecting network funds. User referendums must be submitted on-chain either in full text or as a hash of the referendum text. A User referendum is considered approved for execution once at least 15% of issued tokens have registered a vote for the associated referendum, ‘affirmative’ tokens exceed the number of ‘negative’ staked tokens by a difference of no less than 10% of total percentage of registered votes (i.e. 55% yes, 45% no) EOS. This threshold must be met and remain above the minimum requirements for a period of at least 30 consecutive days within a 120-day period. Should a User referendum not be approved for execution within the 120-day period, it is considered expired and must be resubmitted if another vote is desired. The 120-day period starts when the transaction which includes the referendum question is appended to the blockchain. EOS tokens issued during the 120-period are counted toward the total issued amount calculation.
User referendum is the sole mechanism for altering governing documents and/or effecting network funds. User referendums must be submitted on-chain either in full text or as a hash of the referendum text. A User referendum is considered approved for execution once at least 10% of issued tokens have registered a vote for the associated referendum, ‘affirmative’ tokens exceed the number of ‘negative’ staked tokens by a difference of no less than 10% of total percentage of registered votes (i.e. 55% yes, 45% no) EOS. This threshold must be met and remain above the minimum requirements for a period of at least 10 consecutive days within a 30-day period. Should a User referendum not be approved for execution within the 30-day period, it is considered expired and must be resubmitted if another vote is desired. The 30-day period starts when the transaction which includes the referendum question is appended to the blockchain. EOS tokens issued during the 30-period are counted toward the total issued amount calculation.
### Article VII - Defines Native Unit of Value.
The native unit of value on the EOS public blockchain shall be the EOS token as defined and created by the eosio.token smart contract.
### Article VIII - Delineates the responsibilities of maintaining the EOS blockchain.
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