I don't really understand how you're going to decentralize. In fact, one person can buy most of the tokens and make all the important decisions in the development of the project?
Thank you for your input. The things that token holders can vote for are:
Inflationary Rates (Daily Freezing Rewards % applied to all frozen tokens)
Deflationary Rates (Burning % applied to all transfers)
Melting Period (Time Required to Wait to Unfreeze Tokens)
When a user freezes his/her tokens, he/she is immediately eligible to vote on these matters. The voting weight (vw) is not determined by the amount of tokens frozen alone. Therefore, even if someone was to purchase all tokens (although, highly unlikely as with our airdrop model), he/she will not be able to swing these votes entirely.
VOTING WEIGHTVoting Weight (vw) refers to your ‘voting power’. The more voting weight you have, the more ‘voice’ your vote carries.
EXAMPLE:
1. Users A, B, C, D, E each have 10 voting weights. (50 vw in total)
2. They all vote for the month’s burning rates to be 1% per transaction.
3. User F has 60 voting weights and she votes for the burning rates to be 10% per transaction.
4. Voting Results = “10% burning rates per transaction” as it has the most voting weights accumulated on it.
5. How is Voting Weight (VW) calculated?
PLEASE NOTE! Voting consensus only takes place from SEPTEMBER 2019.The equation shown below is subject to change as we constantly research for better alternatives to fairly distribute voting weights.
VW = Exponential Average of (frozen hours * frozen balance * [+y or -y]) / percentile factorVoting weight for your address is accumulated from Day 1 of your HYPE Experiment. The longer you use a single address to freeze and unfreeze HYPE, the more voting weight your address will carry over time.
Due to the exponential moving average type, historical data will have an impact on the calculations. We will take into considerations the “collective sum average of freeze balances” (average of all frozen balances of the token contract).
“y” depends on the frozen balance of the address. If it is less than “x” it will be a positive “+y” and if it is more than “x” it will be a negative “-y”. x = 1/collective sum average of frozen balances. This allows us to prevent whales from manipulating the votes.
MORE INFO:
https://medium.com/@hypetoken/hype-whitepaper-c2945381574e