Once a proposal is submitted, it goes through a 1 day validation voting period. At the end of this voting period, whichever choice comprises of the majority of the votes are in favor of the proposal is chosen. At least 200,000 XCOFFIN are are required to be in favor of the proposition, the change will be queued into the Timelock and will be implemented within 24-48 hours. ( subject to change). Some changes may require a different timeframe.