Qortal Project

The future of blockchain platforms

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voting_system_overview [02/07/2022 08:42] – gfactorvoting_system_overview [03/11/2022 01:20] – gfactor
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 The Founder accounts will have a different weighted vote that is based on their blocks minted count PLUS level 10 blocks minted count. What we mean by this, as seen on the [[Leveling System]] wiki page, for an account to reach level 10 requires 4,074,400 total blocks minted. So Founder accounts will have a weighted vote of 4,074,400 PLUS their actual blocks minted count. For a simple example, if a Founder has 100 blocks minted, the account would have a weighted influence of: 4,074,400 + 100 = 4,074,500 The Founder accounts will have a different weighted vote that is based on their blocks minted count PLUS level 10 blocks minted count. What we mean by this, as seen on the [[Leveling System]] wiki page, for an account to reach level 10 requires 4,074,400 total blocks minted. So Founder accounts will have a weighted vote of 4,074,400 PLUS their actual blocks minted count. For a simple example, if a Founder has 100 blocks minted, the account would have a weighted influence of: 4,074,400 + 100 = 4,074,500
  
-When the first Founder account reaches 4,074,400 blocks minted (level 10), ALL Founder accounts will automatically have their weighted influence adjusted to the 4,074,400 which is the MAX weighted influence possible (at that point and forever moving forward). Founder accounts still level up based on their blocks minted count as other accounts do. The Founders are intended to have this weighted influence during the beginning to ensure the project develops in the proper direction. Thereafter, the network will have a strong base network of vested members who will share the same interest in Qortal’s ethical success. We can all reach the same max level 10 account and weighted influence based on time and contribution. +When the first Founder account reaches 4,074,400 blocks minted (level 10), the QORA accounts that were given pre-minted blocks credit, will lose their additional blocks minted credit ONLY for the weighted vote aspect (not for their blocks minted account level - only for the voting aspect). In other words, once the first Founder reaches level 10, all accounts will have a weighted vote based on their blocks minted (other than Founders who will keep their level 10 blocks minted addition to their actual blocks minted, as Founders are meant to have a heavier weighted vote with only so many Founders in total).
  
 Voting will be used to help steer the project’s direction. Rather than leaving everything up to the DevTeam, the community will be able to vote on certain matters with how the DevTeam should allocate their time with options presented to the community. Such as which coins or features to implement next, or certain modifications needing to take place and which options the community thinks are the best ones to pursue. There will NEVER be any voting for sanctioning or censoring as this will never be a possible action by the Dev Team! Voting will be used to help steer the project’s direction. Rather than leaving everything up to the DevTeam, the community will be able to vote on certain matters with how the DevTeam should allocate their time with options presented to the community. Such as which coins or features to implement next, or certain modifications needing to take place and which options the community thinks are the best ones to pursue. There will NEVER be any voting for sanctioning or censoring as this will never be a possible action by the Dev Team!
voting_system_overview.txt · Last modified: 04/29/2023 18:35 by gfactor

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