SX Bet
  • Welcome to SX Bet
  • Getting Started
    • How to Sign Up for SX Bet
    • Buy Crypto
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    • Navigating the Order Book
  • Deposit Methods
    • Buy Crypto Using Coinbase (or other exchange)
    • Buy Crypto Using PayTrie
    • Direct Deposit From Coinbase
  • Withdraw "Sell"
    • Sell Crypto Using Coinbase (or other exchange)
    • Sell Crypto Using Paytrie
  • Helpful Information
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    • How to Use Bet Credits
    • Cross-Chain Betting
      • Cross-Chain Betting: Berachain 🐻
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    • Swap Tokens on SX Bet
    • SX Token Faucet
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    • Cashout
    • The SX Rollup Migration
  • SX Token
    • How to Buy SX Token
    • Earn by Staking SX
    • Participate in Governance
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  1. SX Token

Participate in Governance

PreviousEarn by Staking SX

Last updated 7 months ago

How to Participate in Governance

One of the most exciting facets of a community-owned sports betting platform is the idea of a community-managed treasury. This treasury will be in charge of accelerating the SX ecosystem through community incentives (e.g. liquidity mining), marketing initiatives (e.g. betting tournaments), and other strategic partnerships.

SX holders are responsible for ensuring that governance decisions are made in compliance with applicable laws and regulations. Governance proposals should factor in legal and regulatory concerns before implementation.

Governance parameters are initiated with the following parameters:

  • 20% of staked SX required to vote ’yes’ to reach a quorum

  • A simple majority (50% + 1) of total votes on all governance decisions to pass

  • 5-day voting period

  • 2-day time lock delay on execution (i.e. implemented 48 hours from passing)

In order to vote on any proposal, SX tokens must be .

You can take a look at current and previous proposals here:

staked
https://governance.sportx.bet/#/