📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Virtuals Protocol introduces a new governance initiative: holding more than 0.1% veVIRTUAL allows for proposal submissions.
According to Gate News bot, BlockBeats reported that Virtuals Protocol announced on July 1st on its social media account that the governance portal feature has officially been enabled. This feature allows any user holding at least 0.1% of the total veVIRTUAL to create proposals.
After the proposal is submitted, it will enter a 72-hour public review period during which voting is prohibited. After the review period ends, the system will take a snapshot of all veVIRTUAL balances to determine each wallet's voting rights on the proposal.
The voting phase lasts for 72 hours, and Virgens can vote directly on-chain in support of or against. The validity of the vote requires participation from at least 25% of veVIRTUAL holders. This new mechanism aims to enhance community engagement and decision-making transparency.