What is the voting currency (can I get back the money spent on voting)
What is a voting coin? A voting coin is a token used for community management, and its main characteristics include: 1. No central institution will take action on a specific event; 2. Unable to change rules to ensure that the activity is not manipulated or tampered with. Users can delegate tickets to third parties to participate in the decision-making process and receive compensation through the network, and can execute them through smart contracts. In this case, each user’s rights are controlled by themselves, ensuring that their ownership and control are consistent and without deviation
Can I get back the money spent on voting
Editor’s note: This article is based on data and reprinted by the Daily Planet Daily with authorization.
A voting event began around 3:30 am Beijing time on December 16th. The number of participants exceeded 2000, of which only 300 were cast by ballot. From the perspective of data, the voting results during this period have approached “death”. If calculated according to this logic, the term ‘voting’ has increased by over 300% in the past few days. But many people may not be sure what exactly happened Firstly, there is a familiar phenomenon: 1. Some people believe that this Bitcoin production reduction will bring about an increase in coin prices (or affect prices). 2. Many people are also concerned that this situation may have an impact and negative impact on the market Because after such things happen, people easily turn their attention to things that can generate returns for investors 2. Some investors feel that the market is very poor in the second half of this year and have chosen to exit Therefore, many investors even invest heavily in voting to avoid losses. But actually, these votes have not been used yet For example, an investor stated that when they attended a forum or WeChat group in October to discuss Bitcoin issues, they found themselves unsure of how to answer them. So he decided to buy himself two tickets and deposit them into his bank account, hoping that he could get his money, and then put it in cold storage to continue waiting for a period of time. Do you think my article is really like this? “She said,” I couldn’t tell anyone why I did this at the time? “
Another theory is that users exchange digital currency through voting, rather than purchasing tokens. That is, when a new project is launched, new blockchain technology needs to be used to issue tokens; Once there is a significant change that increases the likelihood of being unable to trade, users can only receive a partial token as a reward. Finally, the netizen also mentioned that no company has yet accepted this approach.
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