A holder must have at least 250k BOLLY tokens to participate in the DAO.
DAO members can submit proposals for the improvement of the platform.
All Bolly holders can either vote for or against these proposals.
The weightage of each vote is equal to the total amount of BOLLY held by the voter.
Example: If I hold a 1000 BOLLY in my wallet, my vote = 1000 votes.
If a proposal has more yes’s than no’s then it goes through to the next round of Voting i.e. to be passed by the BOLLY holders with >250k tokens in their wallet..
In the next round of voting only DAO participants will vote. If a proposal has more yes’s than no’s then it goes through for execution.