Onion Mixer Community Governance Code
Onion Mixer is a decentralized protocal. Holders of OMT, Onion Mixer’s governance token, govern the Onion Mixer ecology, and completely determines the development direction of the protocol.
All major issues related to Onion’s ecosystem and products are determined by the votes of OMT holders, such as the anonymous assets supported by the protocol, the transaction fee parameters, and the use of community governance funds. Any votes from addresses with more than one OMT deposited in the Vault are valid, and the team will deploy the protocol based on the voting results.
Onion Mixer Community Governance Code
To ensure the fairness and efficiency of Onion’s community self-government, this code is drafted to guide its community members to carry out activities such as making proposals or votes in order.
How to make proposals in the community
Step 1: Initiation of the proposal
Community members who stake more than 10 million OMTs in the Vault can initiate proposals and provide advice to the community.
Proposals can refer to the following issues:
（2）Opening of new mixing pool
（3）Adjustment of transaction fee rate
（4）The OMT reward distribution mechanism
（5）Setting of OMT mining parameters
（6）Other constructive advice helpful to Onion’s development.
Step 2: Community discussion
Initiators need to submit their proposals to the community for discussion. The discussion can increase the depth and completeness of the proposal.
The proposal should comply with the following specifications:
（1）The initiator needs to point out the topic, purpose, significance, potential benefits and risks of the proposal.
（2）The name of the proposal should be: [Proposal Discussion] + Topic + [Deadline]
（3）The Onion team will conduct a standardized preliminary review of the proposals, and send the proposals that meet the specifications to the community for discussion, and return the proposals that do not meet the specifications for modification;
（4） The initiator can further refine the proposal based on the community discussion,.
Step 3: Drafting of the formal proposal
The formal proposal needs to include the following contents:
• Proposal number (eg, OMT#001)
• Proposal title
• Proposal Initiator
• Proposal type (including but not limited to marketing, operation, technology, tokenomics, strategy, cooperation, etc.)
• Date of submission
• Related proposals (if any, and point out their specific relationships such as an improvement or replacement of the related proposal, etc.)
Make sure it is concise and informative, and includes the purpose and significance of the proposal.
The main body should consist of the following contents:
• Major content and implementation procedure
• Implementation schedule (if any)
• Briefly analyze the potential benefits of the proposal
• Briefly analyze the potential risks that need attention
• Analyze whether other projects have adopted similar solutions
• Briefly analyze the resources or assistance needed to implement the proposal
- Recommend appropriate teams or institutions for its implement (if any)
Step 4: Release of the Proposal
1. Enter the “Governance” page of Onion Mixer’s official website.
2. Click “Connect your wallet” and log in.
3. Enter the page where the proposal is posted and fill in the information as required.
4. Set the starting and ending time, voting options and other related information.
5. Release the proposal.
Proposal adoption rules
Any addresses with more than one OMT deposited in the Vault can vote, and only the following proposals can be adopted and executed as valid proposals.
1. with more affirmative votes than negative votes;
2. with more than 10 million OMTs that votes in favor;
3. with more addresses that vote in favor than voted against;
How to participate the voting
Onion Mixer is a community driven project. All OMT holders play an important role in the development of the project and thus are welcom to vote!
Step 1: Who is eligible to vote
Users are eligible to vote as long as they meet the following conditions at the same time:
1. The number of OMT held is greater than one;
2. The OMT held must be stored in the Vault.
Step 2: How to vote
1. Enter the “Governance” page of Onion Mixer’s official website;
2. Click “Connect your wallet” and log in;
3. Select the ongoing proposals;
4. Go through the proposal, select the voting option (agree or object);
5. Submit the results and complete the voting.
Onion Mixer is the first decentralized protocol for anonymous cross-chain transactions.
Onion Mixer creates the new “anonymous transactions + DeFi” approach that combines CoinJoin and zero-knowledge proof. It supports anonymous token transactions on public chains such as ETH, BSC, HECO, TRC, etc. And by enabling liquidity mining, holding mining, anonymous transaction mining, it allows users to obtain extra revenues while enjoying high-quality anonymous transaction services.