Vote-To-Earn
This page intends to give you a brief explanation of how SLCR Vote-To-Earn works and the directory to different Vote-To-Earn Gameplay.
SLCR would be used as voting power in SLCR Vote-To-Earn Gameplay. Vote-To-Earn Gameplay is a zero-loss game to users voted with SLCR.
As a voter, you would not lose your SLCR to vote, even when you choose the option which is not the final result. Moreover, you do not need to pay any gas fee to vote on SOLARR voting venue.
The basic principle for SLCR Vote-To-Earn Gameplay is to predict the future data on SOLARR (in various form produced on SOLARR platform) and vote for the correct option to earn.
Voting Venue
SOLARR create Spaces under Snapshot to operate SLCR Vote-To-Earn. All the vote-to-earn proposals would be submitted by SOLARR to the space.
SOLARR Spaces in Snapshot have recognized SLCR as voting power. Every SLCR holders could participate in each vote-to-earn proposal by simply connecting wallets to Snapshot.
SLCR Vote-To-Earn Venue: (Coming Soon)
Voting Mechanism
Defines how SLCR holders cast the votes and how the final result is calculated.
Type of Voting System in SLCR Vote-To-Earn Venue: Weighted Voting
With weighted voting, you can spread your votes with SLCR over multiple options.
Defines how to calculate the individual voting power of a SLCR holder.
Type of Voting Strategy in SLCR Vote-To-Earn Venue: erc20-balance-of
With erc20-balance-of voting strategy, 1 SLCR you hold equal to 1 voting power in SLCR Vote-To-Earn Venue.
Important Reminder for voting power
For each vote-to-earn proposal submitted, there is a specific Snapshot block number. If you were not holding SLCR tokens during that block number, you will not be counted to have voting power and vote on the proposal.
Regarding the above technical principle, it indicate that if you are not holding SLCR at the moment when SOLARR submit a vote-to-earn proposal, you would not be able to vote on the proposal.
In addition, if you get SLCR after the proposal has been submitted, this certain amount of SLCR would not be counted as voting power for the proposal.
SOLARR would announce in SOLARR community before each Vote-To-Earn Proposal to be submitted to the SOLARR Vote-To-Earn Snapshot Space. Make sure you have joined our community channels, get notified and prepare your SLCR before each Vote-To-Earn proposal submission.
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Don't miss out the Vote-To-Earn Opportunity!
Reward Mechanism
The total reward pool for each Vote-To-Earn Proposal would be pre-defined by SOLARR and illustrated on each proposal.
When the final result matches with the option you voted with SLCR for each proposal, you would become the winner / one of the winners for the proposal.
The basic principle for the reward mechanism in Vote-To-Earn is that the total reward would be proportionally distributed to the winners by the amount of SLCR they have voted for. You may like to check the Borrowing and Lending Vote-To-Earn Case Scenario and Genesis NFT Collection Vote-To-Earn Case Scenario for numerical examples.
Further Resources
How to vote on a proposal: https://docs.snapshot.org/voting/vote
Snapshot FAQs: https://docs.snapshot.org/faq
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