👨‍🏫Independent validator elections

Perion DAOs unique consensus method relies on a independent validator, that holds a position within the tri-party consensus model. To ensure this party is a fair representation of the Perion community's wishes, they are elected by the community

Overview

Purpose:

• Allow election of an entity to the position of independent validator

Vote types used:

• 1 x CC

Electing the independent validator

It is important the Perion community has alignment with the elected validator. As such a model of opt-in participation, combined with a community vote allows all PERC holders the opportunity to participate in the process.

Ultimately PERC holders elect the incumbent independent to the DAO via a community vote.

Timing

Independent elections can be held every 6 months at Q2 / Q4. A new independent can opt-in to any election window prior to the "7 days out" election snapshot.

If no new independent opts-in, the incumbent independent validator will retain the position.

Opt-in window:

At the beginning of voting every cycle, an opt-in window for the subsequent cycle opens, and remains open until the beginning of the "7 days out" voting snapshot

At any time during the opt-in window PERC token holders, holding greater than 1,000,000 tokens can opt in to be considered for election to the independent validator role. Those wishing to opt in simply need to visit forum.perion.gg and introduce themselves.

Token holding requirement

Any holder of 1% or greater of the PERC supply is eligible to opt-in to the governance process. Current, publicly eligible participants are:

• Apollo Crypto

• CMCC Global

• Framework Ventures

• Jump Crypto

• Pantera Capital

• Zedrun Founders Chris Laurent and Rob Salha

• Spartan Capital

• IOSG Ventures

Should any community member holding the minimum threshold wish to participate as the independent validator, they can introduce themselves on forum.perion.gg.