Participants are users that have the right to vote on proposals. On the Injective Chain, participants are bonded INJ holders. Unbonded INJ holders and other users do not have the right to participate in governance. However, they can submit and deposit on proposals. Once a proposal reaches the minimum deposit required, it immediately enters the voting period. We define voting period as the interval between the moment the vote opens and the moment it closes. The voting period is 2 days.