How Voting Works

CollarQuest a Metaverse Play2Earn Ecosystem

TAG DAO LLC (CollarQuest DAO)

Decentralized Autonomous Organization (DAO), Dog Collar (COLLAR) Tokens can participate in all CollarQuest DAO Proposal votes. On September 29, 2021, a COLLAR DAO vote approved adopting COLLAR Community Paper (CP) 1.1, with the direction to transition the CollarQuest DAO governance from Dog Collar (COLLAR) token to the governance token Dog Tag (TAG) 60 days after Dog Tag (TAG) is liquidity is deployed.

An electoral threshold is defined as a CollarQuest DAO Proposal garnering greater than 10% of the circulating supply of the governance token at the time of a CollarQuest DAO Proposal meeting the posting requirements.

The basic requirement for adoption of a motion by its members, with a quorum, is a Majority Vote. A majority is more than half of the votes cast by persons entitled to vote, after taking blank votes and abstentions into account. The majority does not mean 51%. Example: In a situation with 1000 votes, the majority = 501 votes (not 51% which = 510 votes).

A supermajority voting provision, an amendment to the CollarQuest founding charter, is a provision that states that certain CollarQuest DAO Proposal actions require much more than a mere majority – typically 67%-90% – approval from the CollarQuest DAO holders to pass. In other words, a supermajority voting provision requires greater than a majority of CollarQuest members to approve for certain actions to be approved. Examples: Voting rights, CollarQuest DAO (minimum HODL, anti-whale, token burn requests)

The following rules have been set up in the interest of providing meaningful community oversight. Future voting rule changes will be from the outcome of public votes under the following conditions.

CollarQuest DAO was created with the founding vision to allow anyone wallet holder with greater than 5,000,000,000,000 COLLAR (5,000,000 TAG post governance migration) may submit new DAO Proposal. CollarCrew members are encouraged to work inside the framework of bringing forward ideas to the appropriate committee for public discussion. Please see the Organization chart for the standing committee to identify the correct committee that matches your interest.

• Member Voting: Any project holder may be able to cast votes.

  • CollarQuest member wallet will lose voting rights if it is found that the member acts in bad faith.

• New Proposal:

  • A CollarQuest holder with greater than 5,000,000,000,000 (5 Trillion) then (5,000,000 TAG post governance migration) in ONE wallet may submit a new proposal for consideration.

  • Multi-signature donation wallet signers may submit a new proposal without the 5,000,000,000,000 (5 Trillion) (5,000,000 TAG post governance migration) requirement. This additional privilege is not designed for self-benefit but allows for straw proposals to help narrow down options when clarity is needed from the community on an action item.