ZVC Economic Model Improvement Announcement

ZVChain
ZVChain
Published in
2 min readApr 10, 2020

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To develop the growth of ZVChain stronger, while ensuring the interest of community participants and miners of the “6 + 5 Mine Pool Plan” is guaranteed. The ZV Foundation will be inviting community voting again, to adjust to a better economic model while ensuring reward is better for participants.

The voting will provide three options to choose from the following three proposals:

  1. Keep to the existing plan of 5 Billion ZVC as max supply
  2. Burndown to 3.15 Billion ZVC as max supply
  3. Burndown to 2.225 Billion ZVC as max supply

The following issuance period will be determined as such:

How to participate in Community Voting?

To encourage community governance voting, we will invite all community participants to take part in the voting decision stage, factoring a global perspective for the benefits.

The voting will be available in “ZV Wallet”, available on iOS and Google Playstore, under discover and Community Voting. ZV Wallet, available download on Google Play, Apple iOS Store and Android APK File.

The entire process will be conducted through smart contracts for the decentralized voting system.

[Voting time]

Voting opening time: April 13 (Monday) 00: 00–22: 00 End (Hong Kong Timing)

Voting announcement time: April 14 (Tuesday) 10:00 (Hong Kong Timing)

Once the voting end, ZV Wallet will be updated with the result.

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ZVChain
ZVChain
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ZVChain — DeFi Blockchain To Connect All Financial Services for enterprise use. Follow us at https://t.me/ZVChain_Official