Paccoin governance and funding decisions are made by the network, that is, by the owners of masternodes.
The system allows masternodes to vote for or against proposals, which can then be implemented by $PAC developers.
During the month, anybody can make a budget proposal to the network. If that proposal is approved by at least 10% of the masternode network,
then at the end of the month a series of "superblocks" will be created. At that time, the block rewards that were not paid out
will be used to fund approved proposals. The network thus funds itself by reserving the percentage of the block reward for budget projects.
-- No $PAC coins are taken from MN or Mining rewards --
Enter details for your Proposal and click 'Create Proposal'. This will generate a command you can run in your local wallet to prepare the Proposal at a cost of 5000 PAC.
How to Vote on proposal
Each MasterNode Owner can vote on a proposal. (From masternode cold wallet)
To vote from paccoin-qt (graphical wallet), go to Tools > Debug console and paste the voting string displayed in the table or from the project website
The net total of yes votes must exceed 10% of the total masternode count at the time votes are tallied in order to pass.
Each month the budget is generated separately, so the proposal needs to stay above 10% the next month in order to continue to receive funding.
A proposal can't be deleted, but a multi-month proposal can be voted down (less than 10%) after having been paid in a prior month
Additionally, in certain cases 10% may not be enough, if there are too many proposals to fit in the available budget. So it needs to have at least 10% and fit in the available budget (the proposals are ordered from highest net votes to lowest, and if any proposal over 10% would cause the budget to go over the max available then it is skipped)
Votes for each cycle are closed about 3 days before the superblock is created (1662 blocks before)