Community Voting platform

Get Your Voice Heard

In keeping with the Ethos of the LAKE Ecosystem, LAKE (LAK3) token holders will have the opportunity to directly participate in the growth and development of the platform: from selecting new springs and water sources among potential candidates, granting funds to a deserving charity, voting on the design of merch’ or marking special events, the community has a voice: yours.

Figure 10 – Community Vote on LAKE Portal

Once a proposal is issued, LAK3 holders will be able to vote through a dedicated page on the platform. Staking their funds starting from the period of the vote will ensure skin in the game and avoid potential manipulation. In the future, LAK3 holders will be able to increase their voting power by increasing the locking period of their stakes. Once the proposal is decided on, LAK3 are released back to the holders at the end of the vote or according to the locking period schedule.

The future vote mechanism, weights and locking periods are not final and subject to change.

Alternatively, certain decisions might be subject to regular Voting Power, where 1 token equals 1 vote, or even 1 wallet for 1 vote. Any submission will always clearly lay out which mechanism will be used.