Voting Rights

How are voting rights determined?

Voting rights will be based on the total number of Neptune units that each Member holds for any relevant vote posed to Members.

How do members vote?

Members will be prompted to vote via the Neptune Dapp (or, over time, other online services) at various points during the lifecycle of Neptune, including to evaluate purchase decisions, weigh-in on the structure and form of Neptune, and/or other strategic decisions related to Neptune.

Voting will be facilitated by blockchain-based smart contracts and via the Dapp based on ownership records maintained on the Ethereum blockchain.

Can a member transfer its voting rights for purposes of making purchase decisions?

Members are not required to vote on all matters. At any point in time, a Member can transfer or "delegate" the member's right to vote on purchase decisions by designating via the Dapp an Ethereum address for which such right is delegated to. Decisions to delegate any voting rights are entirely up to each Member.

Does delegating rights to vote on purchase decisions impact a Member's right to proceeds?

No.

Can a Member cancel and/or re-delegate their voting rights?

A Member can cancel and/or re-delegate its voting rights through the Dapp at any time.