Votetoken.xyz
Last updated
Last updated
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Participants in the voting system can earn rewards based on the final outcome. Simply put, voters who choose the winning side will receive tokens from those who voted for the losing side. The process works as follows: everyone casts their vote, the winning side is determined by the majority of votes, and then the tokens from the losing side are distributed among the voters who supported the winning option. This setup encourages strategic voting and rewards participants for successfully predicting the outcome.
In the event of a voting outcome, voters who were on the losing side of the decision will have their tokens returned to them, though the amount returned will be slightly reduced by a specified reward percentage. This means that the losing voters do not lose all their tokens, but rather a tiny portion of their tokens is deducted as part of the process. This reward percentage is in place to incentivize accurate voting and ensure a balanced and fair system.
We provide an environment where all users can participate equally. Any user can create voting proposals without any special conditions. Agendas are registered through a simple form and posted after verification by a reviewer. After voting ends, the creator receives tokens based on the total number of votes. This system aims to fairly evaluate participant contributions and gather diverse opinions to promote community development.
The role is to help ensure smooth operation of the service. It plays a crucial role in maintaining order in the verification platform and improving user experience. The primary focus is to prevent inappropriate suggestions or content from being posted. To achieve this, all suggestions need to be meticulously reviewed by the verifier before voting. The verifier's efforts guarantee that the community can operate in a healthy and safe environment. Additionally, the verifier considers user feedback to continuously improve the service and strictly enforces community rules to maintain a trustworthy platform.
x
The total amount of tokens voted
y
Total tokens voted for the winning option
z
Vote reward percentage
a
Vote creation reward rate
b
Treasury distribution ratio
c
Win Reward Percentage
e
Number of tokens Voted