🗣️UltiBets Governance: Making Proposals and Casting your Vote

This tutorial outlines how to create proposals and cast votes on proposals using the Snapshot platform.

To participate into the UltiBets Governance, you must be holding UTBETS Tokens to be able to both make proposals as well as casting votes on other proposals. The initial threshold is 100 UTBETS Tokens to make sure that everyone actively participating in the UltiBettors Community can afford to enter the Governance, notably users from less fortunate countries, while still being reasonable high to prevent spam proposals from nefarious actors.

This threshold number can be of course discussed and modified later on via a proposal and vote to dynamically adjust in case of a sudden drop or increase of the UTBETS token, for the reasons aforementioned.

How to Create a Proposal

1. Have a clear idea or suggestion to improve the UltiBets platform, in any way, shape or form.

2. Access the Snapshot platform through the provided link.

3. Connect your wallet holding governance tokens (if required).

4. Initiate the proposal submission process, providing all relevant details.

5. Your proposal will be subject to community review and discussion.

6. Your proposal will be live for 7 days to be voted 'For or 'Against' by other UltiBettors.

7. Congratulations, you've just submitted your first UltiBets Governance Proposal! Now it's time to make your voice heard, and select other proposals to vote on.

How to Vote on a Proposal

1. Visit the UltiBets Snapshot page at https://snapshot.org/#/ultibets.eth and explore the available proposals.

2. Connect your wallet containing governance tokens.

3. Choose your stance on a proposal ('For" or "Against") and cast your vote accordingly.

4. Approve the transaction to finalize your vote.

5. Congratulations, you've just voted on your first UltiBets Governance Proposal!

Participating in the governance process allows you to have a direct impact to help UltiBets shaping the evolution of the platform on the long term, so be creative and start today to share your ideas and make your voice heard along the UltiBettors Community!