On-Chain vs Off-Chain

The BTRST smart contract is relatively simple including only a few parameters that can be altered with an On-Chain vote performed on our platform (not on Snapshot):

1. Admin permissions: Adding or removing permissions for specific users.
2. Marketplace fee: Changing the marketplace or platform fee that Braintrust charges employers on talent billed fees.
3. Marketplace category: Changing the “Roles” that are used on the platform. Currently, the first level of role categories are Engineer, Designer, Product, Other.

Proposals outside of those areas are accomplished with an off-chain vote. The network expects a majority of votes to be handled off-chain.

Rules for a Valid Off-Chain Vote

1. Announcement
   1. Votes must be announced in #governance-voting channel at least two business days prior to posting on Snapshot to allow for withdrawals from platform and wallet connection in Snapshot
2. Discussion
   1. Vote proposals can be discussed in the Professional Network prior to the above vote announcement, though it may not be required for certain “Low impact” votes (defined below)
   2. If during the discussion period the community identifies deficiencies in the planned vote (such as lack of clarity, cost/benefit analysis, or clear implementation plan, etc.) the vote should be postponed to allow further discussion
3. Posting / Duration
   1. Recommendation (this is not a rule): Thursday is a great day to start a vote for a proposal, noting the duration in the next point.
   2. Voting window duration should be a minimum of seven days (proposals should be open to vote on Snapshot for at least that many days)
4. Thresholds
   1. "Low impact" votes may be straight quorum (most votes wins)
      1. Low impact definition: the outcome will not have a material impact on the Braintrust Network. These votes could include:
         1. Forming exploratory committees to research new product areas
         2. Electing Jury Arbitrators
      2. The community can help determine if a vote is high or low impact during discussion in the Professional Network
   2. "High impact" votes must state in the proposal the threshold of votes required to pass, which is generally 100,000 BTRST. Meaning the proposal must have at least a total of 100,000 BTRST voted to pass.
      1. A vote with 65,000 For and 40,000 Against would pass.
      2. A vote with 45,000 For and 20,000 Against would fail as it did not meet the 100,000 threshold.
      3. High impact definition: the outcome could alter the Braintrust Network in a medium to drastic way. These votes could include:
         1. Entering or exiting lines of business and/or client relationships
         2. Adding/removing Nodes
         3. Changing the economics of the network
5. Re-votes
   1. Failing votes may not be re-posted without modification in under <fifteen> days