> For the complete documentation index, see [llms.txt](https://approved-educators.gitbook.io/approved-educators-usdloyalty-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://approved-educators.gitbook.io/approved-educators-usdloyalty-whitepaper/loyalty-governance/usdloyalty-token-holders.md).

# $LOYALTY token holders

## $LOYALTY token holders

$LOYALTY token holders can participate in the decision-making process of the Approved EDU Protocol by voting on future proposals. $LOYALTY token holders can vote with one token equating to one vote. Each proposal will have a 7-day voting window. $LOYALTY token holders can propose ideas for new initiatives, changes to the Approved EDU Protocol, and other developments.

### Steps:

1. $LOYALTY token holders can submit proposals to the council for review
2. Council members validate proposals to align with the Approved Educators' ethos and mission. 
3. Validated proposals are submitted to $LOYALTY token holders.
4. $LOYALTY token holders can then vote on the proposals. 
5. The Approved EDU council is responsible for implementing the vote outcome. 
6. If the proposal vote is:

   A: Successful - administering the execution of the proposal.

   B: Unsuccessful - no changes implemented.
7. $LOYALTY token holders can submit themselves to be council members. $LOYALTY token holders vote on council members during annual elections.