Community Voting
Community voting in Qubic is used for incubation projects, Discord polls, and other temporary solutions, ensuring that only genuine $QUBIC holders participate. It marks a significant step toward transparent, fair, and community‑driven governance.
What Is Community Voting?
Community voting replaces Discord polls and other ad‑hoc mechanisms, guaranteeing that only legitimate $QUBIC holders take part and eliminating the risk of vote manipulation by Discord throw‑away accounts. The weighted‑vote system lets each participant’s influence reflect the amount of $QUBIC they hold, including asset‑based voting.
Voting resets each epoch. Active polls become inactive when an epoch ends. A maximum of 16 new polls can be created per epoch.
Key Features
- Weighted voting: Weight scales with the $QUBIC held in a wallet, supporting asset‑based voting.
- Community access: Open to all $QUBIC holders.
- Incubation impact: For incubation projects, the community now controls 60 % of voting power (Core Tech 15 %, Ecosystem 15 %, Ops 10 %).
How It Works
- Votes do not transfer funds or assets.
- Each vote consumes 100 $QUBIC.
- Creating a poll consumes 10 ,000,000 $QUBIC.
- Voting power = current wallet balance (or the maximum balance allowed for an asset).
Types of Votes
- $QUBIC vote → $QUBIC balance = voting power.
- Asset vote → Asset balance = voting power.
Voting Balance Requirements
- Throughout the poll, you must keep your balance above a minimum threshold. If your balance falls below this minimum, your voting rights are automatically revoked.
- If your balance increases during the poll, your voting power remains unchanged.
Proposal
In the Qubic community, decisions are not made by a single individual or a centralized group; instead, the entire community shapes them through a democratic, transparent process. The proposal system is the key link in this process. Community participation is essential for preserving Qubic’s decentralised nature and ensuring its evolution aligns with user needs and wishes. Critical decisions are collectively made by the quorum.
TBA
TBA