DAO Governance | Conflux DAO Ecological Governance Vote (20210408)-web3资讯-ODAILY

In order to better realize the on-chain + off-chain DAO governance model, so that every community member can fairly participate in the network ecological construction, the Conflux network will be held at 16:00 on April 8, 2021 (GMT+ 8) Start a new round of Conflux DAO ecological governance voting.

The governance voting direction of this issue includes: the use of ecological funds, whether it is necessary to increase the memory requirements of mining equipment, the adjustment of unlocking conditions for private equity investors, and the way to initiate Conflux DAO ecological governance voting in the future.

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Conflux DAO# 4 Second Ecological Fund Use Voting

Forum link: forum.conflux.fun/t/conflux-dao-4/6490

The first vote on the use of the Ecological Fund ended on December 11, 2020. For voting details, see: forum.conflux.fun/t/topic/4303

This vote is the second vote on the use of ecological funds

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Does Conflux DAO# 5 need to increase the memory requirements of mining equipment?

Forum link: forum.conflux.fun/t/conflux-dao-5/6491

At present, Confluxs mining memory requirement increases by 16 M every 500,000 (2^19) Epochs (increasing linearly with time, about 1 ~ 1.5 G per year). Will the next Hardfork need to increase the memory requirements of mining equipment at one time to exclude mining GPUs below 6 GB (such as P106), to prevent Ethereum mines from having too many advantages over individual miners, and to protect the rights and interests of individual miners.

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Conflux DAO# 6 Adjustment of Unlocking Conditions for Private Equity Investors

Forum link: forum.conflux.fun/t/conflux-dao-6/6492

Whether the Future Foundation should agree to the investors request for early unlocking.

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Conflux DAO# 7 Ways to Initiate Conflux DAO Ecological Governance Voting in the Future

Forum link: forum.conflux.fun/t/conflux-dao-7/6493

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Conflux DAO Ecological Governance Description

In this new voting, all FC and CFX holders can participate in the second voting on the use of ecological funds, whether to increase the memory requirements of mining equipment, and the way to initiate Conflux DAO ecological governance voting in the future. Due to the particularity of the private equity investors unlocking condition adjustment proposal, this proposal will only support CFX voting, and the team lockup address that the foundation has announced will not participate in this voting.

FC holder voting page: stampers.app/#/FansCoin

CFX holder voting page: governance.confluxnetwork.org

This voting will end when the Tethys Block Number on the Conflux network reaches 30210303 (estimated time at 16:00 on April 15, 2021).

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CFX holder

CFX holders need to lock CFX to obtain voting rights.

CFX voting rights = lock-up period (quarter) × CFX quantity × 0.25 votes/quarter

Under that model:

If CFX is locked for less than 1 quarter: no voting rights

If CFX is locked for longer than 1 quarter: 0.25 votes per token

If CFX is locked for more than 2 quarters: 0.5 votes per token

If CFX is locked for more than 4 quarters: 1 vote per token

When users choose to lock CFX to obtain voting rights, they will also receive interest income in proportion to Staking (for details, refer toConflux Advanced Course丨Interpretation of Economic Model (8): Ecological Incentives and Ecological Governance）。

*During the lock-up period of the pass, the user cannot withdraw the pass or shorten the lock-up period.

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FC holder

FC holders also have governance voting rights in the three votes of this ecological fund usage vote, whether to increase the memory requirements of mining equipment, and the method of launching the Conflux DAO ecological governance vote in the future.

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How to calculate the final number of votes for an option

The final voting rights of an option = CFX voting rights of this option + FC voting rights of this option