Yuanjie, a big shot on Twitter, posted: A mysterious whale initiated a vote on "Adjustment of Key Parameters of Conflux Network", which triggered extensive discussion in the community;
In fact, as retail investors, as unknown little leeks, what everyone cares about most is:
1. What impact will this vote have on me? (Will it make my CFX increase or decrease in value?)
2. Which option should I vote for that will be most beneficial to me?
3. How to invest specifically?
Well, this article will address the three issues that our retail investors are most concerned about, using plain and simple language.
1. How does this vote affect me?
Let’s first look at the official explanation of several voting options:
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I know that many people feel the same way as I do after watching this:
I recognize every word, but when I put them together, I just feel a little dizzy, and I cry out in my heart - can't you just give me the answer?
Look at the answers given directly by the community leaders, how down-to-earth they are:
To put it bluntly, if the final result of the vote is to increase the POW block reward and the POS interest rate, it means that there will be tens of millions and hundreds of millions of potential new selling pressure every year. I would like to ask small retail investors, can we handle it?
There aren't many strong players in the community ecosystem, and there are only a few active people in the community. With such a huge selling pressure, it's the rhythm of bringing "Woxia CFX" back to zero~
Of course, the above are the most straightforward and direct thoughts of my "dumb head", which may not be completely accurate and correct, and are for your reference only.
Therefore, my "wooden head" tells me that if the vote passes, the impact on me will be: under the premise that the community ecology is not strong and there are not enough new forces, the selling pressure of tens of millions to hundreds of millions will smash "Woxia CFX" and accelerate its return to zero.
I don't want to see such a result, so I have to shout the slogan: Resist the increase in inflation and vote for "Decrease".
2. Which option should I vote for that will be most beneficial to me?
Let’s not talk about fancy “medians” or “averages”, “weighting”, “balance”, or “game theory”. Based on my elementary school level knowledge, which one is the most beneficial for me? Just like what the elementary school teacher taught me, here is the standard answer:
[Standard voting answer----Resist inflation, vote for "reduce"]:
If you don't want POW to inflate 31.53 million CFX every year,
I don’t want POS to inflate 240 million CFX every year.
I don’t want CFX to increase selling pressure~
Please vote for "Reduce" directly.
1CFX can also invest~
3. How to invest specifically?
At this point, I have to complain about the developer of the voting function. Did you have to make us go through so many twists and turns in the voting process? Why did you have to go through so many twists and turns?
Not to mention the impatient "Li Kui", even a small retail investor like me who has received 9 years of compulsory education and has a good mentality wants to "cut" the developers!
Can we get this vote done in 3 clicks or less? Just say, can we?
Oh, I give in.
No matter how much you complain, you still have to vote, after all, it concerns your own wallet~
Come on, please follow my screenshots patiently, and be patient.
Don’t worry, take it step by step, and I promise to help you successfully complete this “marathon voting”.
Step 1. Open the voting link: https://confluxhub.io/governance/vote/onchain-dao-voting
Step 2, connect your own wallet, note that it is the core space wallet;
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After the link is successful, it will look like this, and your wallet address will be displayed in the upper right corner:
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Step 3: Pledge CFX;
Follow the arrows and click on “Dashboard” first, then click on “PoS Stake”.
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At the arrow position on the page below, enter the amount you want to stake, and then click “stake”.
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Step 4, lock the time;
After the pledge is successful, you can see the "locked amount" at the arrow in the figure below, and then click "Lock";
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Fill in the locked amount and lock time (note that after locking, you cannot take it out before the time comes). I chose 1 year. The longer the lock time, the greater the voting weight;
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After locking, you can see that your current voting rights are 1, as shown below;
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Step 5, vote;
Click "Vote" to enter the voting page;
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You’ll see there are four “Votes”;
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At the arrow below, fill in the number of votes, select "Decrease", click "Vote", the wallet signature pops up, and you can sign and confirm. Four votes, the same operation method.
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Well, we have finally finished our “voting twists and turns”. Congratulations on your successful vote!
Thank you for bravely speaking out for the Chen Fengxia CFX in your wallet!
Finally, if you want to express your opinions on voting and get more people involved, please spread this article.
You are also welcome to leave comments on the official Twitter and official forums. The path is here:
[Conflux voting ends on 2.11, 1CFX can also vote~]
Be it anger or cursing;
It can be encouragement or spurring;
No matter what, express your opinions or emotions~
Don’t hold it in, it’s not good!
Ventilation channels:
Official Twitter: https://x.com/Conflux_Network/status/1887527716343218287
Yuanjie push: https://x.com/forgivenever/status/1887334874811695363
FanLong16: https://x.com/FanLong16/status/1887364123702534375
Forum: https://forum.conflux.fun/t/conflux/21606
