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On this page
  • Diverse Range of Use Cases & Illustrative Scenarios
  • Deploying this contract
  • Block times per network
  1. ---DexContracts---
  2. Thirdweb contracts 🔥

Vote

Establish a platform for creating and voting on proposals, promoting decentralized decision-making.

Last updated 11 months ago

The emerges as a tailored solution catering to collective entities like DAOs, offering a robust mechanism for casting votes on diverse proposals.

For the utilization of the Vote contract, a prerequisite involves the presence of a pre-existing ERC20 token, which effectively serves as the governance token within this context.

Diverse Range of Use Cases & Illustrative Scenarios

The Vote contract opens the gateway to a multitude of applications:

  • Organizational Evolution: Harness the power of the Vote contract to facilitate decision-making on pivotal organizational changes, allowing DAO members to collectively steer the direction of the entity.

  • Treasury Management: Empower the DAO to exert control over financial resources by conducting votes to decide on the allocation and distribution of funds within the treasury.

  • Governance Enhancements: Elevate the governance structure by enabling members to vote on initiatives that influence the operational policies, strategic objectives, and overarching vision of the organization.

  • Membership Inclusions: Implement a voting system to admit new members into the DAO, ensuring a democratic and community-driven approach to expanding the DAO's constituency.

  • Project Prioritization: Leverage the voting mechanism to prioritize projects and endeavors, letting the collective voice of the DAO guide resource allocation and strategic focus.

  • Resource Allocation: Conduct votes to allocate resources—both financial and non-financial—towards specific initiatives, ensuring that the DAO's efforts align with its mission.

  • Strategic Partnerships: Empower the DAO to make decisions regarding collaborations and partnerships, safeguarding the alignment of external engagements with the organization's objectives.

  • Protocol Upgrades: Navigate protocol enhancements by conducting votes on proposed upgrades, thus ensuring that changes to the underlying technology align with the collective vision.

  • Community Engagement: Foster community engagement by enabling DAO members to participate in votes that shape the overall experience and engagement strategies.

  • Ecosystem Decisions: Enable stakeholders to play an active role in ecosystem decisions, whether it involves interoperability, standards, or broader industry-related matters.

Deploying this contract

  • Name: The name for this Vote contract.

  • Description: You can be creative here because this is the description that this contract will have for the purposes that you have arranged.

  • Token: The address of the token that will be used to vote on this contract.

  • Initial Voting Delay: The number of blocks after a proposal is created that voting on the proposal starts. A block is a series of blockchain transactions and occurs every ~1 seconds.

  • Initial Voting Period: The number of blocks that voters have to vote on any new proposal. A block is a series of blockchain transactions and occurs every ~1 seconds.

  • Initial Proposal Threshold: The minimum number of voting tokens a wallet needs in order to create proposals.

  • Initial Vote Quorum Fraction: The fraction of the total voting power that is required for a proposal to pass. A value of 0 indicates that no voting power is sufficient, whereas a value of 100 indicates that the entirety of voting power must vote for a proposal to pass.

Block times per network

Network
Block time (in seconds, per one block)

Ethereum / ETH

12-15

Polygon / MATIC

2

Avalanche / AVAX

3

Binance Chain / BNB

3

Arbitrum

0.26

Optimism

2

Image: Upload your image for this contract. Your image will be stored at ensuring persistence over time.

📜
Vote
contract
IPFS
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