# Voting System

#### Governance Power

* Users who hold Phemex Soul Pass and vePT are eligible to participate in the voting process and exercise governing power.
* The number of tokens required and the duration of the stake could be determined by the DAO and may vary based on the type of proposal being voted on.

#### Governance Proposals

<figure><img src="/files/Fes9FWekNk7FN8NpBjUi" alt=""><figcaption></figcaption></figure>

**Initial Discussion**

Users who are eligible to participate in the voting process can discuss and brainstorm proposals in a designated Discord #dao-proposal forum.

**Request for Comments Assessment**

* Initiating a proposal: A user who is eligible to participate in the voting process can submit a proposal for consideration. The proposal should include details about the issue or decision being proposed, as well as any relevant information or arguments.
* Commenting / Discussion period: All eligible users can comment on the proposal and engage in discussion to provide feedback and ideas.

**Improvement Proposal Voting**

* Announcing the Voting: Once the commenting period is over, the proposal can be revised based on the feedback received and formally announced for voting.
* Announcing the voting result: All eligible users can cast their votes on the proposal through a designated voting platform, and the results will be announced once the voting period is over.

**Execution & Update**

If the proposal is approved, it will be implemented and any necessary updates will be made to the organization's policies or procedures.

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# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://phemex.gitbook.io/phemex-web3-whitepaper/features/phemex-dao/proposal-and-voting/voting-system.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.