# Vote

The [Vote](https://dexappbuilder.dexkit.com/forms/deploy/thirdweb/VoteERC20) [contract ](https://dexappbuilder.dexkit.com/forms/deploy/thirdweb/VoteERC20)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

{% embed url="<https://dexappbuilder.dexkit.com/forms/deploy/thirdweb/VoteERC20>" %}
Direct link
{% endembed %}

<figure><img src="/files/5AtAHO36DJZSP5fExPLs" alt=""><figcaption></figcaption></figure>

* **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.&#x20;
* **Image:** Upload your image for this contract. Your image will be stored at [IPFS](https://ipfs.tech/) ensuring persistence over time.
* **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                                      |


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