FinneyVote - the first decentralized forum to facilitate controversy. Proposers are rewarded for every controversy they create by stimulating it. The system operates a Decentralized Autonomous Organization (DAO) that profits from the sale of voting tokens.
Contents:
- How the FinneyVote blockchain platform works
- The economy of the Ethereum platform
- Additional information about dapp
How the FinneyVote blockchain platform works
FinneyVote drives out politicians by replacing them with ideas. By taking a position on a proposal, voters choose an argument to present their point of view. An uninformed voter can view the discourse and make intelligent choices in accordance with its values. Ethereum provides a stimulated decentralized network that mimics a fully programmable computer.
The value of FinneyVote tokens decreases over time along with the price of gas.
The economy of the Ethereum platform
FinneyVoters are certified with a one million deposit. The platform's token is called finny. Using a stablecoin finny will keep the registration cost constant. How does it work:
| Account | The cost of a finney can increase over time, making the registration cost high. Resilient coins will solve this problem, but requiring accounts to use stablecoins will slow down sign ups today. |
| Income | Registered accounts earn 2 votes per day. You can only cancel your registration and get your finnies back after a week. |
Individuals, interested in increasing the number of votes for their ideas, will bid a high amount. Such power users will accumulate "powerbanks" accounts in order to cast more votes for the proposal. Voters give the majority of votes to those who create controversy. They also give the majority of votes to the authors of the proposal. When half of the votes are awarded, they can be used twice. The DAO manager collects the difference and profits by selling the excess on an open market like EtherDelta. Moreover, users can unregister and go to the new registry. This approach is not preferred due to the huge transaction fees, required from users.
Additional information about dapp
The developers are currently improving the platform. The next update includes:
- development of social networks;
- Road map creation;
- the emergence of contests and promotions.
For more information, refer to the White paper of the project.
Reviews (0)