The Poolz council system is the focal point of the Poolz ecosystem in order to provide value to Poolz holders.
As such, POOLX token holders have a say in product features, token utility, auction types, platform fees, conditions for pool creation, the terms of governance, as well as the platform’s future plans and development.
As a completely decentralized protocol launchpad, Poolz uses a voting mechanism as part of the due diligence process for new projects. The main goal of the Poolz Council – also called Poolz Governance – is securing a fair, independent, and credible project launching process.
Projects wishing to collaborate with Poolz must submit an application. Once a project application is submitted, it is reviewed for suitability within the Poolz ecosystem. This check includes the uses in our voting mechanism – Poolz Council (POOLX DAO protocol).
As a community-driven launchpad, Poolz.Finance aims to attract the most successful ventures to our ecosystem. With this model, we are able to filter between the most suitable ventures (or projects) and those that aren’t. A project that wishes to work with Poolz Finance must first submit an application form.
How Poolz Council Will Work
Council members will have access to a Council-only private group where they can make proposals for the protocol and vote for any future projects.
Each proposal must receive 70% of the votes within a predetermined timeframe in order to advance further.
Joining Poolz Council will allow you to influence Poolz’s future by expressing your voice on key decisions and you’ll be able to vote on protocol DAO decisions.
Poolz Council members enjoy many benefits beyond having the opportunity to participate in the process of approving upcoming IDOs on Poolz, including:
- Exclusive private deals not limited only to Poolz but also external hyped projects.
- Guaranteed allocation for Pre IDOs & IDOs.
- Additional allocation.
- Active involvement in critical decision-making.
How do I become a Poolz Council Member?
To make the Council system as efficient as possible, Poolz DAO members made the decision that membership in the Council required locking at least 20K POOLX tokens. After completing the lock, your leaderboard location will be updated and Poolz Council logo will appear post confirmation.
Visit our Telegram channel for more information.
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