Cosnortium — a decentralized web application that allows communities to use their tokens to create and vote in polls.
About Cosnortium
Cosnortium — a voting protocol that addresses aspects of collective governance by giving communities access to a token-based voting system. Trustworthy - signals, provided only by community token holders and stored on a public blockchain. The goal - to encourage communities to participate in the development of their organization..
Participation by providing valuable information (signals) can be used to:
| 1. | creating new products and services. |
| 2. | reactions to the latest news and formulations of the general mood of the community. |
| 3. | to formulate new work proposals for workers or multi-signatures for custodians (in the case of DAC). |
| 4. | permanent control of custodians and workers (in case of DAC). |
To interact with the network, you will need a digital wallet that is compatible with the main WAX network (Anchor / WAX Cloud Wallet). Anyone can add a community to the Consortium. Once it's added, your community members can start creating polls, voting and bidding. By adding a community, you become its affiliate.
With your community tokens, you can vote. To vote, you just need to click on the answer you would like to vote for. By default, your voting power will be equal to the number of your tokens. You can only vote once per poll.
More about defi app
Adding a community, creating a poll and voting will issue your account's own Cosnortium token, POLL. The number of POLL tokens you receive depends on the number of POLL tokens, staked for your community. In addition, there is an affiliate reward (5%) that is given out to the community creator in addition to all votes and poll rewards that their community generates. 90% of all POLL tokens will be issued for interaction with the application. 1% will be reserved for GOVRN token holders on the EOS mainnet and 9% for the treasury.