FOUR token holders will have the option to voluntarily lock their tokens, gaining access to our exclusive governance token gFOUR.
FOUR token holders will have the option to voluntarily lock their tokens, gaining access to our exclusive governance token gFOUR. This unique token not only represents a voice in the decision-making process but also signifies a deeper commitment to our project's growth and success.
To ensure that voting power is allocated to individuals truly dedicated to our project, we've designed the system in a way that only gFOUR token holders can participate in voting. By locking their FOUR tokens for a specific duration, users showcase their long-term commitment and become eligible to influence project directions.
Snapshot is a decentralized voting signaling system that allows ERC-20 FOUR token holders to signal their preferences on 4P Project proposals but will at this stage not replace the governance structure. Voting on Snapshot is user-friendly and does not cost gas as the process is performed off-chain. 4P is using Snapshot to allow users to signal their preferences on the project proposals.
Note: Snapshot votes are NOT binding, they allow FOUR token holders to signal their preferences on 4P proposals.
4P uses the Snapshot platform to take a “snapshot” at a certain block. This snapshot dictates the voting power of each wallet, where 1 FOUR = 1 vote. The platform weights votes by the amount of a given token a participating wallet address holds. Once a proposal reaches public referenda, token holders can vote on it using their own FOUR tokens.
“minBalance” of 4k ERC-20 FOUR tokens are needed to contribute a vote Each voter may select a single choice to give his total voting power to
We use various voting strategies, for example, a “balance-of-with-min” strategy is used to check whether the participant has a minimum amount of tokens required to vote. “minBalance” of 4k ERC-20 FOUR has been set, which equals the minimum balance required to vote on a proposal.
Voting system: Single-choice voting, multichoice voting Voting types: Signal check, grant proposal, implementation proposal, and other Voting time frame: Start and end date specified
This guide contains everything you need to start voting. In order to participate you will need:
Min of 4k ERC-20 FOUR tokens A browser with Metamask installed
(1) visit: https://vote.the4thpillar.io; (2) connect your Metamask wallet (it should be the one where FOUR tokens are stored); (3) after reviewing the listed proposals, select your preferred option and click Vote.
Note: Voting on Snapshot is user-friendly and does not cost gas as the process is performed off-chain.