# Online Govenance

Online governance is largely divided into active participants and delegates.

### 1. **Active Participants** 

1\) Requirements\
\- Anyone, but require EL tokens to exercise votes. Number of EL staked = number of votes\
\- Online delegates and offline governance group members are considered Active Participants 

2\) Roles\
\- Proposals and votes for and issuing new real estate tokens\
\- Policy decisions related to asset tokenization\
\- Vote for and against new asset token issuance other than real estate\
\- Approve new token issuers\
\- Review and confirm property information 

3\) Reward \
\- Staking revenue (25% of protocol revenue + mining revenue)  

### 2. **Online Delegates**   

1\) Requirements\
\- X number of EL tokens to deposit into the community pool\
\- Must have majority votes by Active Participants

2\) Roles\
\- Validation and approval of real estate tokens proposed by the offline governance group\
\* Required quorum and approval rates may vary by asset token types.

3\) Reward\
\- Staking revenue (15% of protocol revenue + mining revenue)

4\) Obligations\
\- If a flaw in the asset token data approved by the delegation is detected and confirmed by another party, a number of EL tokens determined by Active Participants will be permanently burned from their deposits.\
\- If the minimum deposit is not met, the facilitator will be automatically disqualified and another election will take place.