ZVChain Introducing Governance Community Voting
ZVChain will be introducing community voting features, and this has attracted a large number of miners to enter the market in the early stage for ZVChain. With the continuous increase of block production, the ZVChain miner group has also taken up a certain proportion, and there is also a certain demand for governance voting.
In order to respond to community appeals and accelerate the process of miners’ participation in community governance from a global perspective. ZV Foundation will now commission ZVChain core development team to develop governance functions and will launch a community voting feature this week.
At that time, ZVChain will rely on the official wallet “ZV Wallet” to open the voting portal on the “local wallet”. Once the function is opened, miners can participate and make decision-making votes on their own. The entire voting process uses smart contracts for decentralized voting.
After the voting function is activated, the community will vote on the “ZVC Unstake Return Cycle” in the first period.
Three options will be given at that time:
1 — “Keep the status quo of 2 days”
2 — “Return after 90 days”
3 — “Return after 180 days”
Each voting address will have a corresponding voting weight according to the different holdings of the currency, and the result will be finally calculated according to the voting situation of all participants.
[Voting time]
Voting start time: March 11th (Wednesday) 00: 00–24: 00 GMT+8
Voting announcement time: March 12th (Thursday) 10:00 GMT+8
Voting result execution: After the voting is over, the ZVC core development team A new version of the program based on the voting results will be provided as soon as possible.
