What are governance proposals and proposals with direct binding actions?

Governance proposals involve more complex decisions that require community discussions and implementation paths.

These proposals follow a three-stage process:

1. Pre-Proposal Poll
2. Draft Proposal
3. Governance Proposal

Each stage has submission and passage thresholds based on Voting Power (VP), which is a weighted sum of a wallet's NXRA holdings.

Proposals with direct binding actions involve voting on changes to AllianceBlock's smart contracts on the Ethereum network. An example is funding a community project by transferring resources from the DAO to a grant vesting contract.