Vote for proposals using shares

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Share Voting Mechanism (Consensus)

There are 2 types of voting. First one is done by commiting XVMC tokens and is used to make faster decisions for managing the system(reward boosts, fees, bonuses,...). The second option is voting through staked(locked) XVMC tokens. It is effectively the consensus mechanism of the protocol that allows upgrades of the entire system in a decentralized manner. The long term share holders(stakers) in the protocol get to decide on the future of the protocol as well as manage the treasury wallet. The longer the time-deposit, the greater weight(power) is assigned per each token staked.

1 Month Deposit

Voting Power:

20%

3 Month Deposit

Voting Power:

30%

6 Month Deposit

Voting Power:

50%

1 Year Deposit

Voting Power:

75%

3 Year Deposit

Voting Power:

115%

5 Year Deposit

Voting Power:

150%

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