What is the Minimum Quorum (%)?
The Minimum Quorum (%) is the percentage of all tokens from the total supply of TEC that must vote on a proposal in order for it to be valid.
Implications & Parameter Options
The Minimum Quorum (%) is measured as a percentage (YES Votes/TEC Supply), and you will have the option to set this parameter between 0 and 100.
The Minimum Quorum percentage sets a baseline of support by token holders that is required for a proposal to pass. This parameter ensures that there is enough participation in a voting event to consider the proposal valid. If you set a high Minimum Quorum %, you risk a proposal not being able to pass even when the Minimum Support % has been satisfied.
Quorum Suggested Range
Since there are very limited risks to a low Minimum Quorum, we suggest a range between 1%-15%.
Related Parameters to consider when defining the Minimum Quorum (%):
Support Required (%)
Vote Duration (days)