Difference between revisions of "Community Voting"
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Latest revision as of 08:49, 23 January 2022
- From Token Tuesdays (8-10-2019):
"For those unfamiliar with the concept of community voting, it was once common practice for exchanges to list anywhere from 5-10 tokens to compete in a monthly poll for exchange listings. Once it became clear that many of the projects up for listing were incentivizing participation with bounty campaigns, the majority of exchanges abandoned this strategy altogether.
Binance picked up community voting again with a new spin. Rather than having voting be tied to one vote per account, the new system ties token ownership to voting weight. Similar to the layout for the Lottery tickets, the more BNB you hold, the more votes you receive. Furthermore, there are only two coins competing against one another, rather than a slew of projects with little to no attention."
