Masternodes on the ANON blockchain do more than just verify transactions. Masternodes and masternode owners, have the ability to vote on, and create proposals to influence the future of the coin for good!
Decentralized Governance by Blockchain (DGBB), is a feature introduced by DASH as an attempt to solve the problems of governance and funding in the crypto space. Governance is difficult in decentralized projects as there are no central authorities to make decisions for the project, typically all of the decisions will be left to the developers.
Instead of leaving the decisions up to the developers, the responsibility is passed over to masternode owners on the network. Decentralized Governance allows each masternode to vote for or against a proposal, submitted by other masternode owners. DGBB provides means for the ANON community to fund their own development.
Proposals can be generated easily though the use of the ANON proposal generator. In order to submit a proposal, a payment of 100 ANON is required. This ensures that proposals have some weight behind them and are not scams or memes. Once the fee has been paid, the transaction is irreversible. The 100 ANON is then burnt and removed from circulation. Once proposals are live they can not be modified.
To generate a proposal, the following guidelines must be followed:
– Proposals become active 12 days after submission.
– Proposals will remain visible on the network until they are either disapproved or the proposals last payment-cycle is reached.
– The total available votes is the count of online and responding masternodes that can be seen by running the RPC command “masternode count”.
Once passed, proposal posters are required to report back to the network on the ANON Discord or via published public channels and social media. Proposals that require payout over several months can have their funding revoked if those parties do not live up to their end of the deal. Encouraging honesty and trust to gain approval of the network.
Votes are cast by masternode owners. Masternode owners can vote either “yes”, “no” or to “abstain” from the proposal. Votes can be changed at any time as they are only counted at the end of the voting cycle.
In order for a proposal to be approved, it needs a certain number of “yes” votes. The formula works as follows:
(YES-votes – NO-votes) > TOTAL MASTERNODES/25
The difference between the “yes” and “no” votes is calculated. This total needs to be greater than 25% of the total amount of masternodes in the network at the end of the voting period.
You must vote at least three days before the superblock is created or your vote will not be counted. The exact deadline is 1662 blocks before the superblock.
GETTING STARTED – Summary:
Carefully follow instructions in BLUE – do not get confused with instructions in the images
To generate a proposal navigate to the ANON proposal generator.
From there you can generate a proposal similar to the example below:
The variables required to be filled in are the:
Once these values are filled in correctly, you can click the Create Proposal button. After which you will see the following displayed:
The first text box shows an incomplete “Prepared Governance Object”. Copy the entire text contained within the first text box, and open up your ANON wallet. Click on the button that says ‘Create New Proposal’ in the Governance tab.
It will open a window that looks like this:
Paste the value from earlier into the first section.
Now that you have pasted that, click on the ‘Prepare Proposal’ button. What you will see below is the transaction id:
Copy that value and go back to the governance explorer you were at earlier. Now you have the transaction ID from the wallet, you can insert it into the second text box titled ‘Transaction ID’:
Now, click the confirm button. The governance object will need to be processed. You will see a loading screen display stating that you need to wait roughly 1 hour (60 minutes) for the 6 blocks to process. Check this on the explorer – do not rely on the progress bar.
The “GovObject” you submitted has changed from “Prepare” and now contains “Submit” in the text. Important: AFTER 6 confirmations, copy that whole value and go back to the wallet, please check on the explorer..
Paste the information into the text box next to the ‘Submit Proposal’. Add a space and paste your transaction ID and click submit.
Once the submit has been processed, you should now see the proposal populate in your wallet.
If you wish to vote for your proposal (or any other proposal), you can click on the “vote-all” or “vote-alias” button. Choose your vote of either “yes”, “no” or “abstain”. It will return confirmation to you such as this:
Now, your proposal is live! All that’s left to do is monitor your proposal, which can be found on the ANON block explorer.
TIPS FOR SUCCESSFUL PROPOSALS
Proposals in the ANON governance system are subject to voting by masternodes. Meaning, just like in real voting, you need to convince voters that your proposal is legitimate and should pass.
Keep the following points in mind when submitting a proposal: