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Overview

The Governance Contract enables SHAMA token holders to function as a decentralized board of directors. It handles proposal submission, voting, and execution of approved governance actions.

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Key Features

  • On-Chain Proposals: Transparent proposal submission and tracking
  • Weighted Voting: Voting power based on staked amount and lock duration
  • Quorum Requirements: Minimum participation for valid votes
  • Timelock Execution: Security delay on approved proposals
  • Emergency Proposals: Fast-track process for urgent situations

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What Governance Controls

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Strategic Decisions (Require Vote)

  • Approval of new shop locations
  • Selection of shop operators
  • Major budget allocations
  • Changes to franchise fee structure
  • Adjustments to buyback-and-burn percentage
  • Removal of underperforming operators
  • Changes to staking parameters
  • Use of treasury/reserve funds
  • Partnership and listing decisions

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Operational Decisions (NOT Voted On)

These are handled by operators, NOT voted on by governance:
  • Daily staffing and scheduling
  • Ingredient sourcing and menu execution
  • Customer service
  • Local marketing and promotions
  • Equipment maintenance
  • Health and safety compliance

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Proposal Process

1

Submission

Any staker holding ≥ 0.1% of staked supply can submit a proposal
2

Discussion Period

7 days for community discussion and debate
3

Voting Period

5 days for on-chain voting. Quorum requirement: 20% of staked supply must participate
4

Execution

Approved proposals are executed by the operations team within 30 days

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Emergency Proposals

In urgent situations (equipment failure, safety issues), the team can:
  1. Act immediately to resolve the issue
  2. Submit a retroactive ratification vote within 48 hours
  3. Community votes to approve or reject the emergency action

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Voting Power

Voting Power = (Staked SHAMA Amount) × (Tier Multiplier)
Example:
  • User with 1,000 SHAMA in Gold tier (12-month lock) = 2,000 voting power
  • User with 1,000 SHAMA in Flexible tier = 1,000 voting power
This rewards commitment and prevents governance attacks from short-term speculators.

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Functions

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Core Functions

  • propose() - Submit a new proposal
  • vote(uint256 proposalId, bool support) - Cast a vote
  • execute(uint256 proposalId) - Execute approved proposal (after timelock)
  • cancel(uint256 proposalId) - Cancel proposal (proposer only)

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View Functions

  • getProposal(uint256 proposalId) - View proposal details
  • getVotes(address voter) - Check voting power
  • getProposalState(uint256 proposalId) - Check proposal status

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Admin Functions

  • setQuorum(uint256 newQuorum) - Adjust quorum requirement (requires governance vote)
  • setVotingPeriod(uint256 period) - Adjust voting duration (requires governance vote)
Coming Soon: Detailed technical documentation, contract addresses, and ABIs will be added after contract deployment.

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Security

  • Timelock on execution (48-hour delay)
  • Quorum requirements prevent low-participation attacks
  • Proposer threshold prevents spam
  • Third-party audit pending

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Contract Address

Contract not yet deployed. Address will be published here after mainnet deployment.

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Next Steps

Tutorial

Learn how to create and vote on proposals

Governance Portal

View active proposals