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Voting Mechanism Design

Hart Lambur edited this page Aug 27, 2018 · 1 revision

TODO: Complete this spec.

Requirements:

  • Token owners know when votes will occur (either via a set voting frequency or an ad hoc trigger mechanism)
  • Token owners can vote (in secret)
  • Token owners can prove ownership by signing votes with their private key
  • Voters can see what they are voting on
  • 1 token = 1 vote
  • Tokens are tradable and have a market price
  • Token owners vote on a question that verifies the validity of the price feed since the last vote
  • The verification system can determine the outcome of a vote

Feature: Spot price source and methodology can be upgraded with a majority vote from the voters.

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