C Token DAO Governance Voting is Now Open! Holders Enjoy Dividends, Community Determines Ecological Future
Chainbase Foundation announces the launch of the first on-chain governance vote for C Token. Users holding more than 1000 C can participate in proposal voting, and the voting results will directly affect the development direction of Hyperdata Network!
Core Governance Issues:
1. Data Indexing Fee Adjustment: The proposal reduces the data query fee from 0.001 C per query to 0.0005 C per query to attract more developers. Current support rate is 68%.
2. Cross-Chain Protocol Upgrade: The proposal extends the IMCP protocol to public chains such as Solana and Polygon, expected to improve cross-chain data transmission efficiency by 40%, with 32% opposing votes.
3. Community Fund Allocation: A reserve of 5 million C tokens will be used to incubate data NFT projects, and the first batch of projects must be selected through community voting.
Participation Method:
• Voting Weight Calculation: Each holder of 1 C token enjoys 1 vote, locking for 90 days can obtain 3 times the voting weight, and top nodes (staking over 100,000 C) can initiate emergency proposals.
• Dividend Mechanism: After the proposals that pass voting are implemented, 20% of the protocol's revenue will be distributed to voting supporters in the form of C tokens, with the first batch of dividends expected to be distributed in September.
Technical Assurance:
Chainbase uses a quadratic voting mechanism to prevent large holders from manipulating votes, while small holders' voting influence is increased by 8 times. Voting data is stored through a hybrid of IPFS and Arweave, ensuring immutability. On-chain data shows that the number of addresses participating in governance voting exceeds 12,000, setting a new high for governance activity in the BNB Chain ecosystem.
