How DAO voting with GMOS tokens works?
In order to vote for the selected project, it is necessary to have a GMOS. In the smart contract token is sewn information from which project they were obtained. Due to this solution, we do not create new governance tokens for each project, but one for the whole platform. Votes are held using cards with up to three possible answers. Each vote has a different weight depending on the number of owned GMOS in relation to the pool of all GMOS. When a vote is opened, the sum of GMOS tokens derived from the project token among all users is read. This sum is the reference point for the weight of the user's vote. At the same time, GMOS derived from a project, obtained during an already open vote, is not eligible for this pool. This prevents unfair practices that could occur if users change the number of GMOS they have during the voting process.
For voting to be valid quorum must be acheived. That means a minimum of 20% of all GMOS holders must vote to be valid.
α- number of staked days
β- number of staked tokens
λ- number of genuine votes
λ=α*0,1%*β+100
Investor 1
100
30
0,03
103
Investor 2
100
90
0,09
109
Investor 3
100
120
0,12
112
Investor 4
100
240
0,24
124
Investor 5
100
360
0,36
136
The exact aspects are regulated by the DAO Companies Code available here.
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