The Bitxor community is voting on a proposal to improve the Bitxor mining system, by increasing the minimum amount to be able to make Stake.
The reasons for this modification are based on the need to protect investors, give them conditions that allow them to better face market speculation and a valuation that gives greater future projection to Bitxor’s Stake.
On the other hand, increasing the amount will force investors to acquire new coins in order to access the stake, which will result in an increase in the price of BXR and its value in the market, benefiting the entire CosmoCommunity.
Anyone whose Bitxor Wallet balance is equal to or greater than 1010 BXR will be able to vote.
The entry into force of the new minimum amount will be effective from around Epoch 3110.
Amount alternatives:
a. 5,000 BXR
b. 10,000 BXR
c. 1,000 BXR (unchanged)
Voting Mechanics:
- A dedicated, unique, expiring STID (Symple Token ID) was created, which will act as a vote (https://explorer.bitxor.org/tokens/17E7CD08596FB462)
- Each wallet will receive a transaction consisting of one unit of the token.
- IMPORTANT! Each voter must send the token with only one of the three options (a, b or c) written in the “Message” field, to this wallet created especially for voting:
Timming:
- Official posting on the Forum: Monday, March 27.
- Cut-off to define enabled wallets: Block 2604994 (Thursday, April 30, 10:00 am approx.)
- Sending of tokens to enabled wallets: Thursday, March 30
- Start of voting: Thursday, March 30
- Token expiration: Block 2717134
- Voting period: Approximately 7 days.
- Closing of voting: At the close of block 2717134 (Thursday, April 6 approx.)
- Counting of votes: Friday, April 7, 2023
- Publication of the result: Friday, April 7, 2023.
Remarks:
- During the 7 days approximately that the voting period lasts and until the closing of block 2717134, the votes cast will be received, counted and validated.
- Each wallet registered in https://explorer.bitxor.org/accounts and that at the closing block contains an amount equal to or greater than 1010 BXR will have the right to cast one vote.
- If a bitxornaut has one or more Bitxor Wallet with the required amount, he/she may cast a vote from each of them if he/she wishes.
- All transactions received that contain the token and clearly express a single voting option a, b, or c, will be counted as valid votes.
- The letter may be written in upper or lower case (a, A, b, B, c, C). In all these cases they shall be declared valid.
- Those transactions that contain more than one of the options will be considered null and void.
- Those transactions received that do not include the token will be declared null and void.
- Those transactions received that do not express any of the three options will be declared blank and will be counted as such.
- The results will be published in https://forum.bitxor.org/public/ and communicated through social networks and Bitxor Blockchain community groups.