Vote directly with LikeCoin: Numbers x LikeCoin Proposal

Sep 13, 2021

Starting from Proposal 16, you can vote by yourself, and you don't have to have validators do it for you.

LikeCoin holders (hereinafter referred to as Liker) can finally vote directly. In the past, if Liker wanted to influence the proposal, he could only delegate the voting power to the "representative" - the validator, and let the validator use the delegated voting power to vote on the proposal on your behalf.

"Representative Government" and "Direct Democracy" Coexist

Unlike the general understanding of direct democracy, Liker can still delegate validators to vote on their behalf, but can also bypass the delegated validators and use their voting rights to vote directly at any time. This hybrid mechanism, which we call "liquid democracy", has another name in the blockchain world: Bonded Proof of Stake (BPoS).

Not everyone is interested in participating in governance. However, when you want to participate, you always have that right.

Any Liker is a stakeholder, and the amount of LikeCoin held represents the size of the voting power. Likers can vote on one of four options on governance proposals: yes, no, strong disagreement, or abstain. See this article for detailed governance procedures.

Liker can choose to approve, disapprove, strongly disapprove (No with Veto) or abstain (Abstain)

In fact, the community has passed a resolution to support direct democracy last year , but since this function can only be put into production after the LikeCoin chain is upgraded to the FoTan version , Liker can vote directly after the upgrade is completed last month.

Enthusiastic community members have written articles on how to vote and guides have been written throughout the LikeCoin book . In fact, the voting process is simple and straightforward, even if there is no guide article, you will not be stumped. I encourage you to roll up your sleeves and try it out and cast your first vote.

Community Articles:
Appreciate Citizens Republic Nationals AKA All Likers can now directly vote for governance proposals! - @Daisy
Don't rely on people, vote directly, cast your vote for LikeCoin Chain - @ Lao Mao

We took a photo with the Capture app near the Liker Land office - Capture app demo

Current Proposal: Numbers x LikeCoin Cooperation Proposal

After the direct democracy function was launched, the first community governance proposal was: a cooperation proposal between Numbers Protocol and LikeCoin . You may be wondering why the cooperation between the two projects requires community voting to decide? Wouldn't it be better for the executive team to decide for themselves?

The reason is: the content of the cooperation involves the use of the LikeCoin ecological development fund pool, which is the fund that all Likers can participate in deciding how to spend. If the motion is passed, Numbers and the LikeCoin community will exchange tokens worth $50,000, which is approximately 2 million LikeCoins at the current market price.

Numbers Protocol is committed to enhancing content authenticity with blockchain technology. If you want to know more about what Numbers is doing, in addition to referring to their blog articles , it is recommended to download the Capture mobile app and experience it directly.

No matter what comments or questions you have about this partnership program, you are welcome to raise them in the Discord community of LikeCoin, our public discussion space. Then, vote with your LikeCoin to express your interest!

[vote now]

LikeCoin is a decentralized publishing infrastructure that assists authors in registering content to the blockchain and writing down permanent credentials ISCN to achieve content authorization, verification and traceability.