the initial proposed governance vote is ADC foundation membership:
DETAILS OF VOTE AND COMPLETED GOVERNANCE PLATFORM WILL BE ANNOUNCED ASAP
ADC Foundation terms of membership vote (binary choice yes/no)
The Foundation members will have stealth voting rights on all governance decisions for Audiocoin.
A foundation members vote will carry 10x the weight of an ordinary community vote
To join the foundation requires a contribution of 50 USD (approx 150,000 ADC or equivalent in other currencies at market rate).
Joining with ADC = all ADC is sent to burn address
Joining with other currencies = 50% to development fund / 50% to buy ADC on exchange at lowest rate available (All bought ADC will be sent to burn address)
Funds in other currencies than ADC will be stored in public addresses. Any use of Dev fund is subject to governance vote. All exchange ADC purchases will have documented transactions on website. (Full transparency)
If you approve of the above ADC foundation membership system please vote Yes, otherwise please vote no.
If the vote is not approved we will have further iterations after consultation with the community.
sounds good to me :-)