XDCDAO: Join as People House member

This article focuses on defining the People's House and provides guidance on how to become a member and resign from it, including illustrative steps.

The People's House is a key pillar of XDCDAO, enabling anyone who holds a certain amount of the XDC native token to propose and vote on proposals.

Check out XDCDAO

To join the XDCDAO, each unique address must deposit a specified amount of XDC into the DAO treasury, essentially purchasing voting power. The voting power is calculated as 1 XDC = 1 vote.

Access the People's House page: link

Context

According to CoinMarketCap, the total supply of XDC is 37,934,896,507 XDC, with a current circulation of 14,916,669,537 XDC. These figures help XDCDAO establish voting criteria.

For example, if the voting requirements state (note: these are hypothetical numbers):

• 0.0002% for Quorum
• 0.0001% for Pass Rate

This means that 75,411 XDC (Quorum) and 37,076 XDC (Pass Rate) are needed for a proposal to reach or surpass these thresholds, allowing it to be accepted within the People's House.

Registration Flow

The process for becoming a House member is as follows:

Imagine Alice wants to join the People's House Committee.

Explore this process on the platform together:

1. Open the People's House page

2. Connect your wallet.

   • Note: Ensure that your wallet address is not registered as a Judiciary, Master Node, or Master Node Delegate.

3. Click on the "Join House" button.

1. Enter the amount you want for voting power (1 XDC = 1 vote).
   • In this example, the current amount to join the House is 10,000 XDC tokens (subject to change based on DAO proposals).

1. Click on "Join House."

2. Sign the transaction in your wallet.

3. Welcome to XDCDAO!

Under the "Active" tab, you should see your address and the total deposited amount.

Resignation Flow

There are two steps to reclaim your XDC tokens from XDCDAO.

Note: This action must not occur during the Proposal Window.

Step 1:

Alice must request XDCDAO to initiate a one-day cooldown period.

Step 2:

After the cooldown period, Alice sends another transaction to XDCDAO to claim all her XDC tokens.

Explore this process on the platform:

If you have any XDC tokens in XDCDAO, the page will look like this:

Open the People's House page.

Step 1:

Click on the "Request to Resign" button and sign the transaction in your wallet:

Once confirmed on-chain, a one-day countdown will begin:

Step 2:

After the cooldown period, you can claim all your tokens in one transaction by clicking the "Claim your Withdrawals" button. Once the transaction is settled on the network, all records will be deleted from XDCDAO and will no longer appear in the "Active" tab.

Conclusion

The People's House of XDCDAO is a cornerstone of decentralized governance within the XDC ecosystem. It allows token holders to participate directly in decision-making processes, ensuring that the network's development aligns with the community's interests. Whether you want to influence the future of XDC or become more involved in the ecosystem, the People's House provides a transparent and accessible platform for engagement. Remember, with great voting power comes great responsibility. Stay informed, participate actively, and help shape the future of XDCDAO!