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Membership in Governance

Decision-making in Mindplex will transition in phases to a democratic governance as the network matures. In the near future, we will provide details  on starting dates and phases.

Members (users who have an active account on Mindplex and hold an MPX token) will have a say in some decision making processes, even in the early stage. 

Here are the transition phases:

Phase 1 (following the initial token generation event)

  • Major changes are to be determined by Mindplex Media Management
  • Minor changes will be determined by vote of a 51% majority of Mindplex Members

Phase 2 (after the beta version is live)

  • Major changes in Mindplex operations: agreement of the Mindplex Media Management plus a 51% majority of Mindplex Members’ votes
  • Minor changes in Mindplex operations: a 51% majority of Mindplex Members votes

Phase 3 (after version 2.0)

  • Major changes in Mindplex operations: a 65% supermajority of Mindplex Members votes
  • Minor changes in Mindplex operations: a 51% majority of Mindplex Members votes

Phase 4 and onwards, full DAO (distributed autonomous organization).

  • Major and minor changes in Mindplex operations: a 51% majority of Mindplex Members votes