Volume Voting
Simple and straight forward volume pondered voting power
Definition:
Volume Voting is the simplest and most traditional voting algorithm. If you hold one token, you receive one unit of voting power.
Formula:
Voting Power = Tokens staked
Practical Example:
Alice and Bob are voting on whether or not to increase the marketing budget. Alice has 40,000 VOTY tokens and chooses "Yes" at a block height of 1000. Bob has 120,000 VOTY tokens and chooses "No" at block height 2000.
If the election ends at a block height of 2100, what would be the net result of Alice and Bob?
In this case, "No" would win with an advantage of 80,000 voting units.
Last modified 2mo ago
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