What types of event am I able to vote on?
Currently there are two major categories of events where you can vote:
1. Token listing selection.
2. Any Ethfinex improval suggestion made by the community. These can include new fee structures, governance methods, referral schemes, or Nectar token functionality. Further into the future we envision users voting on all operational decisions affecting the platform.
How do I vote?
Visit the community listing dApp (decentralised application) at nectar.community.
Watch a video tutorial to see how to vote using Metamask, Ledger Hardware wallet or your Ethereum Keystore file.
How do tokens get selected to be included in a community listing vote?
The best starting point is to submit information via the Ethfinex token listing form. Along with our own review processes, community interest on the Ethfinex discussion forums or other social channels is also important. We feel Ethfinex should aim to be part of an industry wide effort to self-regulate, and so all tokens included in a community listing vote have already met the minimum standards required according to our own due diligence. Amongst other criteria, we look for original, open-source projects which use blockchain technology to solve a real business or societal need.
How are token votes decided?
Every few weeks 10 tokens are to be placed up for community vote. All holders of the Nectar token will receive an equal number of temporary voting tokens. These are spent to vote for any of the tokens on the list, and can also be transferred to others who you wish to vote on your behalf. The 4 tokens on the list which receive the highest number of votes will then be listed at the end of the period. A new period will then begin, with redistribution of temporary voting tokens. You can see an example of the voting page here .
How long will token votes remain open?
What is the purpose of the Ethfinex Discussion forums?
The goal of the discussion forums is to foster learning around new tokens, and to allow interest in new tokens to be evaluated from crowdsourced ratings and comments. Users receive a reputational rating based on the quality of information they provide. A higher reputational score carries more weight with respect to token ratings.
When will Ethfinex launch on-chain governance?
This is difficult to say and is likely still a long way off, as blockchain based governance is still unchartered territory. We’re working as part of the Aragon Working Group to share knowledge and expedite on-chain governance.