# Governance Structure In the long term, we envision Soul Protocol to be a community governed protocol, such as a DAO. SOUL is a governance token that enables holders to vote on community proposals. ### Proposals Community proposals will be submitted to our forums, where members can discuss its merits and clarify questions. Proposals may be brought up for voting by core team members, if they gain sufficient traction. Please see the Forum for full details regarding the structure for proposals. ### Voting Process Proposals will be voted on, with **AURA** to decide the outcome. Our voting platform may be found here: **AURA** is determined by: * **SOUL** paired with **FTM or USDC** is worth **2 AURA** per underlying **SOUL.** * **SEANCE** paired with **FTM or USDC** are worth **2 AURA** per underlying **SEANCE.** * **SOUL** held by in your wallet is worth **1 AURA** each. * **SEANCE** held by users is worth **1 AURA** each**.** **Please note:** to be an eligible voter for any proposal on our Snapshot, you must have **AURA** from any or all of the 3 above options ***at the time of the vote being started*****.** This means that you ***cannot simply buy SOUL to vote on an already ongoing vote,*** and is meant to reduce the risk of influence by whales and flash-loaners. For a vote to pass and become binding, it must gain a quorum of at least **1,000,000 AURA**. ### Voting Process The proposal process is outlined in the **Proposal Process Forum Post** created by the cofounder, Buns, and is accessible here: \ \ Additionally, when creating a proposal, you are able to utilize the template that is accessible for all community members, for your convenience. **Snapshot Proposals without a corresponding Forum Post and link to the Forum Post in the details of the Snapshot are considered invalid and will be deleted**. We request that you take note of this before drafting a proposal. ### Treasury Every use of the treasury will require that the **multi-sig** sign it. The members of the multi-sig should only sign it if it is the will of the community and has had a passing vote by quorum. There must be a majority of signatures for a transaction to be approved. At time of launch, the treasury will be entrusted to [**0xBuns**](https://twitter.com/0xBuns) and [**DeGatchi**](https://twitter.com/DeGatchi) until community governance milestones are met, and holders (chosen from the community) are in place.