Blockchain voting, which utilizes tokens as voting rights
Recently, social experiments to apply blockchain technology to voting systems such as elections have attracted attention and have begun to spread to various companies and municipalities, but Avacus was one of the first to adopt a system that allows users to vote on matters important to the operation of the service since May 2018.
Usage Case Study in Avacus:
User voting on the blockchain when deciding which new tokens can be used in our service.
Voting rights were converted into tokens and issued to users under certain conditions.
The voting tokens were sent to a specialized address; the token that received the most votes within a given period was adopted.
The vote count was available in real time for all to see, so the battle for fair vote gathering and election strategy was heated.
There were enthusiastic campaign activities within each currency community; There was a publicity campaign for Avacus, campaign speeches were made to existing Avacus users, and an analysis team appeared to analyze the number of votes that the opposing forces had.
Even the big holders of VACUS, and even the management,
Avacus designed to not get a vote for fewer transactions.
What's interesting about this voting system is that "the more you use Avacus, you get more Voting rights are increased".
For example, users who meet the minimum requirements are awarded 1 vote, whereas Avacus Users who use the service a lot are given 20 votes.
Avacus will become a better place for users by a system that respects the opinions of core users who regularly use the service more than large holders of VACUS.
We plan to use this voting mechanism for important service issues, including management policies, in the future.