Elected Consensus

Mechanism Overview

The Winner Block ecosystem entrusts certain operational decisions to a consensus mechanism.

This consensus group consists of a dynamic number of members elected by token holders and the founder, who maintains a permanent seat.

For a decision to be valid, it must be voted on by at least half of the current members of the consensus. Each member of the consensus has only one vote.

Decisions are passed if they receive majority support. If a proposal fails to achieve majority support, it is rejected.

Responsibilities of members

The consensus group's authority spans across various domains critical to the ecosystem's operation:

• Review Governance Proposals: Consensus members can review some types of governance proposals by examining the details and voting on whether to move forward with them. A proposal needs over half the members to review it before it is considered reviewed and ready for the Approval or Rejection by consensus members.

• Approve or Reject Proposals: After reviewing, members can approve or reject the proposals. Approval is contingent on the proposal having been previously reviewed and not already finalized.

• Vote on Internal Proposals: Members vote on various internal consensus proposals. A proposal is executed if it receives sufficient votes (two-thirds of the consensus members). Members cannot vote more than once per proposal.

• Finalize Proposals: Consensus members finalize proposals when possible and if not enough votes are reached after a certain time, which prepares them for the unstaking of tokens by participants.

• Execute Proposals: Following finalization, members execute some types of proposals, implementing the changes or actions decided by the governance votes.

• Create Proposals: Members can initiate new proposals related to various governance aspects, such as pausing or unpausing the token contract, or removing a game from the whitelist based on its activity status.

• Add Initial Liquidity: Consensus members may also be involved in financial operations like adding initial liquidity to the ecosystem’s liquidity pool.

• Execute Burn of Rewards: When the proposal is closed and all tokens unstaked as part of the voting rewards, if there are any remaining tokens they can be burned by any member of the consensus.

Protocols

Moreover, to ensure uninterrupted operation, the consensus group has a redundancy protocol. If one or more members of the consensus group become inactive or unable to perform their duties for 5 consensus votes, they are removed from the consensus. Token holders then have the opportunity to vote for new members.

All consensus members except the founder's seat can be removed at once if at least 40% of the total supply of WBlock tokens has been used during an Emergency Consensus Reset vote. The proposal is accepted once there is more than 80% support and the required amount of tokens.

If there are no more members other than the founder in the consensus, then holders can propose a Consensus Seats proposal without prior consensus review. Until new members are added, the consensus no longer requires a minimum number of members to make new proposals, and the sole founder member have the powers of the consensus.

This protocol ensures continuity in decision-making processes and the smooth operation of the ecosystem. The consensus group's actions are thus instrumental in maintaining the ecosystem's integrity, responsiveness, and alignment with community interests. They are the stewards of the ecosystem, acting with transparency, responsibility, and in line with the community's values and best interests.

Founder's Seat

The Founder's Seat in the Winner Block ecosystem is a permanent, non-removable position held initially by the project's original founder and potentially transitioning to an association or foundation. This seat help ensures operational continuity and crisis management, especially when other consensus members are absent. Its key responsibilities include maintaining foundational documents and communication platforms, as well as overseeing compliance tools to adhere to AML regulations. This role is crucial for maintaining the ecosystem's integrity and responsiveness during critical situations.