The Third PoD Governance Cycle Has Ended!

The results can be viewed at: https://node.nebulas.io/govern?period=3

6 Approved Proposals

1. New products & tools:

• NIP403 — Create a Wrapped version of NAS on Ethereum allowing for more liquidity, interoperability & DeFi. by Dustin
• NIP407 — Nebulas Telegram Bot by Everstake — 3,000 USDT
• NIP411 — Build Nebulas-based Light Transaction Contract “Inquiry”, Prioritize NAS:NAX Transactions — 2 by Ravin — 8,000 USDT

2. Community & marketing:

• NIP405 — Start Nebulas Persian Community by ali021–100 USDT\
• NIP410 — Nebulas Sri Lankan Telegram/Twitter/Facebook/Medium Operation ( July 2020) by malith123–250 USDT
• NIP412 — WeChat Group Operation(third party) 2020.7 by MatricZ — 750 USDT

Total value: 12,100 USDT

Data Analytics

The quality of the proposals has improved, the rate of approval of the proposals has been raised, and the 100% support rate of the proposals has been put forward.

Node count went From 39 to 49：

The day before the latest governance vote, the project for proposal NIP355 went live and within one day, the number of nodes increased from 39 to 49. With this new rule, when 21 consensus nodes are selected, the last node is randomly generated from 51 candidate nodes and is called a lucky node. This results in both new and low ranked nodes to be more often selected as a consensus node.

8 node meetings：

Since March 31, 2020, there have been a total of 8 meetings with the English and Chinese node operators and attracted 16 participants in one meeting.

Views by the node operators were expressed about the governance processes and proposals. Meeting overviews can be viewed at community.nebulas.io.

50% approval rating:

While the total number of proposals was smaller during this last governance cycle,the quality of proposals have improved with the help of the Nebulas Technical Committee. In addition, the proposal NIP293 went into effect which eliminated the abstain votes from the calculation. As a result, 50% of the proposals were approved!

3 Attempts & Approved:

The proposal NIP410 entitled “Sri Lankan Community Operation” which has been voted by all three mainnet PoD governance votes was finally approved after persistent optimization.

100% support:

The proposal NIP403 entitled “Create a Wrapped version of NAS on Ethereum allowing for more liquidity, interoperability & DeFi” has been the first proposal to receive a 100% rating during a PoD mainnet governance cycle.

974 NAS：

The second PoD governance voting reward is a record high with 42 nodes completing the voting process and receiving a reward of 974 NAS.

Next Step:

Governance incentives: The governance nodes will receive approximately 800 NAS governance reward at the beginning of the next governance cycle (approximately July 28).

Proposals: The approved proposals will be initiated by the Technical Committee and issued on Go.Nebulas.io.

Follow go.nebulas.io or the spreadsheet listed below to track the status of approved projects.
https://docs.google.com/spreadsheets/d/e/2PACX-1vQXpS0Bpv59ULGNVjXppeblRPPAY6a1n8EMwOzTNeIv4qCt7T0gzYcKMH4SWh7NmSO97ZE37Jmbppu3/pubhtml?gid=0&single=true

We thank the community for their initiative and also thank the nodes for their contribution to community governance. The PoD governance vote is only the beginning and the next step will require more human effort to get good proposals off the ground.

Any new ideas are welcome to join the discussion at community.nebulas.io or present your proposals at go.nebulas.io. A PoD governance vote is organized each governance cycle (approximately one month) to make decisions on submitted proposals and projects.

Learn more about Nebulas:

Official website: Nebulas.io
Node Platform: node.nebulas.io
Smart asset platform nextDAO: nextDAO.io
Github: github.com/nebulasio/go-nebulas
New Telegram(EN): t.me/nebulasen
Telegram Node Operating Group: t.me/nasnode
Community Forum: community.nebulas.io
Twitter: @nebulasio
Instagram: nebulasio
Facebook: @nebulasproject