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SocialVoting

Description

SocialVoting

SocialVoting is a module powered by ComStats to spotlight new and existing quality projects. Any users holding or staking COMAI can utilize SocialVoting application. A demo was given by Krishna (from ComStats) on how this works to engage Commune AI community.

Objectives

  • Promote community engagement
  • Elevate project quality and innovation standards
  • Ensure transparent and democratic project selection processes
  • Enhance the intrinsic value and utility of COMAI tokens

Link: https://www.comstats.org/vote

Voting and Reward Timeline

The voting process will run for 5 days, starting on the 1st of each month. Following the voting period, rewards will be staked for 21 days, starting on the 7th of the month, allowing ample time for evaluation and validation of winning projects by the community.

Voting Power Calculation

Voting Power = 0.8 * sqrt(total staked * length of stake) + 0.1 * sqrt(staked on comstats * length of stake) + 0.1 * sqrt(Free Balance $COMAI)

Sustainability

To maintain and sustain this project, we are supported by the delegation fee fund of our validator. So, we are applying for whitelisting our vali: SocialVoting on subnet 0.

General Information

Module ID:462
Netuid:2
Name:SocialVoting
Module Key:5DRmpVaz…rRz2AAG8
At Block:3080847
Registration Block:2641385

Economic Parameters

Emission:0.00
Incentive:0.00
Dividend:0.00
Delegation Fee:5%

Staking Information

Total Staked:11.62
Total Stakers:1
Total Rewards:0.00