The fifty-fourth issue of commission data report - through proposal 33, the LikeCoin wallet uses like

This issue is the 54th issue of the commissioned data report. The data is taken from the evening of 22/1/2022 and compared with the data of the evening of 15/1/2022 last Saturday. The data interval is a regular 7 days. Proposal 32 is in the deposit phase and Proposition 33 is on the ballot this week. The 32nd proposal proposes to dissolve the Community Delegation Commitee established by the 20th proposal (CDC, the community fund entrustment committee, responsible for approving the verifiers who apply for community fund delegation), the main argument is that the committee's appearance order The validator and the committee have constant complaints and internal conflicts, which lead to internal friction, and the decision of the seven CDC members has a great impact on the validator, so the imbalance of power distribution to the LikeCoin community is contrary to the purpose of decentralization. of. Therefore, the proposer proposes to cancel the CDC and suspend the validator application and withdraw the delegation when there is no efficient algorithm to evaluate the validator's contribution. The proposal and the implementation method are limited in space, so I will not repeat it here, and you can read it by yourself. In fact, one of the most important functions of the community commission is to maintain the appreciation of the LikeCoin Fund (in fact, it is to resist inflation) to support growth. Stopping the CDC and thus stopping the appreciation of the LikeCoin Fund will greatly harm the community. This is a proposal that burns every stone. For this reason, the old cat will not support it. As for the conflict and internal friction mentioned in the proposal, it is mainly caused by some validators (including the proposer) who have not been approved. In fact, it is good to have discussions, but whether there is conflict or internal friction depends on the quality of the discussions. In the past, community delegation was evenly distributed, and as a result, a bunch of validators with the same practices appeared at the same time, and a mechanism like CDC was established to preside over the approval, hoping that it would not be abused while maintaining the value-added of the LikeCoin community. Some validators misunderstood that being a validator in LikeCoin can easily get commissioned by the community, thinking that this way they can stand in a place where they must make money. The validator is entrusted, and the application success rate is much more than half.) As one of the CDC committee members and a validator, and a supporter of LikeCoin, I do not agree with this proposal. Regarding the official practices, standards and ideas of the CDC, the CDC has been constantly updating the pinned message on the Apply-For-Delegation channel in Discord. I will not repeat it here. I have the opportunity to share my thoughts in another article.

Proposition 33 is a proposal similar in nature to Proposition 28. This proposal proposes to hire engineers from OurSky to change the wallet address of LikeCoin from cosmos to like-based work and provide NFT support services. It seems trivial, but in fact, changing the wallet address of LikeCoin is of great significance, so that the address of LikeCoin can be differentiated from that of cosmos, which is very convenient for the cooperation of LikeCoin platforms. The entire work cost is HK$614,250 to be paid in LikeCoin, and an initial payment of 1,228,020 LikeCoin will be paid. The price seems to be high, but it is hard to find a good blockchain these days. OurSky is a very good technology company, and Lao Mao also believes in the judgment of the LikeCoin team, so Lao Mao voted in favor. At the time of writing, the number of votes for the thirty-third proposal was 68, accounting for 20% of the total votes, of which 99.9% were voted in favor and the rest were against.

Let's take a look at the wide range of numbers:

 Number of wallets delegated: 2976 (new high)
Number of newly added/exited delegation wallets: 261 (new high) / 5
Total Likecoin delegated: 543 million Validators in service: 50
Number of new join/exit validators: 2 / 2
Total number of orders: 6168 (new high)
Entrusted rate: 8.51% (new high)
Commission ratio: 50.38%

The total number of orders in this issue has rebounded to 32.79 million. Although there is still a long way to go from the high point, it can make up for the decline in the past few weeks. The number of wallets and the number of entrusted transactions continued to both rebound, and this week, the number of newly added entrusted wallets also hit a new high of 261. How many consecutive weeks will the new highs be seen this time? The proportion of entrustment increased by 2.98% to 50.38% due to the increase in the total number of entrustments. There is still a distance from 67% of the safety line, and comrades still need to work hard. The entrusted interest rate continued to rise, rising 0.10% this week to 8.51%, continuing to hit a new high. There are still 50 validators, and 2 of them have been relocated.

Let's take a look at some mean and median data:

 Average number of Likecoins per order: 88,100 (new low)
Average delegation of a single wallet: 183,000 (new low)
Median likecoin orders per order: 200 Median orders per wallet: 434 (new low)
The average number of delegations of validators: 10.87 million validators' average number of delegations: 123

In this issue, the number of orders has increased, but the number of wallets and the number of orders have increased even more, so the average of a single order and a single wallet both dropped, and both hit new lows. The median single wallet order continued to fall and continued to hit new lows this week, while the median single order remained unchanged. The average delegation amount and the number of transactions of validators increased due to the simultaneous increase of the amount of delegation and the total number of transactions.

Here are some more interesting numbers:

 The highest number of Likecoins in a single order: 49.47 million The highest number of orders in a single wallet: 100 million The highest number of orders in a single wallet: 48
The maximum number of orders for one bet: 20.35 million

In this issue, the maximum number of single order continued and the maximum order of one bet finally parted ways. The maximum number of single order increased by almost 1.5 times, while the maximum order of one bet remained unchanged. The maximum number of orders for a single wallet is reduced by 2 to 48, and the maximum number of orders for a single wallet remains unchanged. Two validators have been relocated this week, but the validator scatter diagram in this issue is also very similar to the validator scatter diagram in the previous issue, and the overall change is not significant. The report is complete.