Guvernanz Voting Overview
To solve the problem of attributing voting power to participants of the lernitas vs zorksees batel and holders of $2192/$ZORKSEES, we are introducing a superficial guvernanz token named KLE (Keng Lernitas Ekosistem) exclusively usable on Snapshot.org. This token is non-transferable, has no value, does not exist anywhere else than Snapshot and is used solely for voting in the Keng Lernitas Ekosistem space.
For the batel, Snapshot takes a “snapshot” of the blockchain at the batel’s closing block number and fairly attributes KLE to corresponding sender addresses. Holders of $2192/$ZORKSEES are also attributed KLE, with the same ratio as the tokens contributed to the batel, with the “snapshot” instead taken when the Snapshot proposal is created.
TLDR: KLE represents voting power tokenized exclusively on Snapshot.org
Now, let’s dive into the math:
- The total supply of $2192 is 1.42 billion.
- The total supply of $ZORKSEES is 1.
This results in a significant disparity, giving us a voting power ratio of 7.042253521e−10:1 between the two tokens. To make the numbers more manageable on Snapshot, we multiplied both tokens by 100,000,000. Consequently:
- 0.1 $2192 is equivalent to 0.007042253521 voting power or KLE.
- 0.1 $ZORKSEES is equivalent to 10,000,000 voting power or KLE.
It’s important to note that $ZORKSEES holders on Solana will have to bridge through Wormhole towards Base to be vote eligible.
The voting space is on Base since both tokens have representation. Evidently, batel rewards have nothing to do with guvernanz and their multipliers do not affect voting power. Our goal is to ensure a fair voting process for everyone.
You can find the voting governance link at: https://vote.kenglernitas.wtf
You can find the proposals governance link at: https://proposals.kenglernitas.wtf
The author of this article is a KLE Community member. You can find him on X @CryptoPstar or Telegram PstarTheFirst
