Vote
Establish a platform for creating and voting on proposals, promoting decentralized decision-making.
The Vote contract 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.
Image: Upload your image for this contract. Your image will be stored at IPFS 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 |
Last updated
