https://i.imgur.com/9timbR4.pngIt is impossible to manipulate voting on the blockchain system. From this basis, we have adopted democracy to realize an autogenous service which enables a global direct democracy.
Injoin divides initiatives and voting rights. Users can create initiatives when they experience service inconvenience. Then all users who use the service can participate in voting only one vote for the initiative.
The most popular initiative will be chosen to be voting, and the other initiatives will be reset. The voting on the initiative will be made in the proportion of the amount of ‘iii(token)’.
The final decisions will be made whether to run the initiative or not. The division in initiative and voting rights is the main point of an autogenous service. (Similar to the legal separation of the executive branch and the legislative branch). For example, if initiatives could be made only by stock holders, the service quality can fall. Let’s say If an initiative has been raised to gather more commission fees and distribute them (in the form of a dividend) by the ratio of the amount of stock, most of the iii token holders will agree. However, creating a burden for users and sponsors by forcing them to pay commission fees is not reasonably right, and this creates an obstacle to the autogenous service. To solve this problem, we have divided the initiative and voting rights.
The initiatives aren’t made by the amount of iii but are made by one vote per user. Also, users must pay a little bit in order to vote.
The reason for the payment is to create responsibility in voting. If there are many initiatives and it is free to vote, users can decide not to vote. Even with the most minimum amount of payment, if voting rights costs, users will be more careful in voting for an initiative.
If initiatives are made by one vote from each user, there may be no suggestions about the dividend policy(mentioned above) which is harmful to all users.
The initiatives will be made by the agreements of the majority. Therefore, an initiative will be chosen that users think about the most important subject for final initiatives.
The final initiatives will be voted and this process includes opinions from both users and token holders. The improvements in the quality of the service will be made due to opinions that come from everybody. The more users participating in injoin doesn’t directly give dividends for the iii holders, but the enlargement of the market place increases the value of the iii.
Therefore, a dictatorship that comes from the minority owners who have a large share of the stake can be stopped. In other words, the initiatives from the normal users with less or users with no tokens will be respected and the most needed initiative will be chosen for a reasonable direction that enhances the overall value of injoin.
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