Each boule member has 4 votes every month. As such, boule members need to consider their choice carefully and only vote for the project that they believe has the most potential. They can either upvote or downvote a project.
For any project to be listed on Aladdin for liquidity mining, they must fulfill at least one of the following criteria:
Over 50% of boule members vote and a majority of the votes are “Yes”.
The percentage of “Yes” votes is 20% more than the percentage of “No” votes.
These criteria ensure that sufficient consensus can be achieved, given the high costs associated with listing new projects. They also prevent potential attacks and collusions during the voting process.
If any boule member strongly disagrees with the Boule’s decision, they can call for a vote by all ALD token holders. A decision can be overturned if the below conditions are met:
A quorum of over 20% circulating token holders participating