DAO Voting: movement of the NOSCAM platform to transparency and why the US participants vote better.
For a fair transparent voting system on the Noscam platform there will be adopted principles of a decentralized voting for projects (DAO). As mentioned in the TokenSale Whitepaper section, 75% of NSC tokens will be sold and up to 20% is a voting fund that participants will be able to vote.
The voting structure of DAO is as follows:
1. The voters get NSC tokens. Supposing that a limit for one vote is 10,000 tokens. Everyone who has NSC tokens will be able to vote for projects.
2. Further voters send the tokens to the address of the created for voting contract with their chosen answers.
An example of the DAO contract’s source code which we modify for our own purposes: ethereum.github.io/browser-solidity/#optimize=false&version=soljson-v0.4.21+commit.dfe3193c.js
The DAO voting is going to make voting on the NOSCAM platform fair and transparent. The voting results will be visible immediately.
But the most important thing for us, for creators of the Noscam platform, is that noone of us can influence the voting process.
We will be able to lay down the rules for voting only at the stage of the contract creation.
But after the contract is set, we will not be able to have an impact on your choice.
But in principle we can’t influence the voting process. And this is not to say that it would be a completely transparent system and we are often accused of that.
You want to shout like this: Long live, the DAO!
The main task of NOSCAM project is to save your money.
P.S. The NOSCAM platform is young, but we already have 10,000 participants. Currently there are not a lot of projects for voting. But those ones which have already passed show us an amazing statistics. According to the rules of our NOSCAM platform, if a voter made at least one mistake in the voting, his result is canceled.
Such a tough rule was required so that the voters studied projects better and better reviewed WhitePapers.
Mostly our voters are from America, Russia, India and Europe. And as statistics shows, Americans study projects better than others and make not so many mistakes.
Out of 100% of the voting participants from the USA, only 15% make mistakes in questions taken from the projects' WhitePapers.
But this does not mean that the rest ones are worse.
Let's say that Russia had 20%, India-23% of mistakes.
A full launch of the DAO voting on the NOSCAM platform will begin in 2019