Project aims for fair governance by changing the voting system

Move-to-earn app creator Sweat Economy is acceptable to fto its users determine connected however to walk astir $1 cardinal worthy of tokens earned arsenic fees and gross done a governance ballot with a twist. 

According to its announcement, the task volition let users to ballot connected however overmuch of the tokens volition beryllium burned and however overmuch volition beryllium fixed arsenic a reward for users who staked their tokens. However, alternatively of the communal mechanics that counts 1 token arsenic 1 vote, which favors those holding much tokens, the voting mechanics is acceptable to 1 tokenholder having 1 vote.

I americium often asked, "when is the adjacent burn?"
An update:
1. A precise large and breathtaking assemblage ballot volition travel successful the adjacent 10 days - ticker this space!
2. For those that don't privation to hold simply nonstop your tokens to the "burn.sweat" code successful Sweat Wallet app. Done

— Oleg Sweat Economy (@oleg_fem) March 30, 2023

Oleg Fomenko, the co-founder of Sweat Economy, said that this mechanics would let everyone to person a dependable and enactment successful its decision-making. Fomenko explained:

“We judge that everyone should person a accidental successful the absorption of our company, careless of the magnitude of tokens they hold, their cognition of Web3 governance oregon wallet connection.“

The Sweat Economy squad said the ballot would instrumentality spot connected its mobile exertion to fto each tokenholder participate. In addition, the squad claimed that the foundation, investors oregon squad could not sway the ballot arsenic lone those holding liquid tokens could participate. 

Fomenko besides told Cointelegraph that, successful practice, it volition enactment “as a fixed transaction of nominal worth successful SWEAT from wrong the app.“ According to the CEO, users volition not person a mode of changing this amount, resulting successful lone 1 transaction per user. Fomenko besides said that portion users whitethorn effort to “game the system” by creating aggregate accounts, they person mechanisms that let them to way this on-chain and exclude those votes.

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Meanwhile, a caller proposal to instrumentality 700 cardinal Arbitrum (ARB) to the project’s decentralized autonomous enactment (DAO) treasury has failed aft a ballot connected April 15. The ballot was introduced aft the Arbitrum Foundation transferred funds without the support of the community. The connection asked the instauration to fto its assemblage cognize that the governance holders power the DAO.

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