SwarmCoin Holders To Vote on Company Direction
Swarm Corp, the decentralized crowdfunding platform, is giving SwarmCoin holders the chance to vote on the conditions of the crowdsale that currently in progress. Swarm is intent on revolutionizing finance. Swarm coin holders will receive SwarmProposal1 tokens. They must send the tokens to one of two addresses, each respectively signifying a 'yes' or 'no' vote. Voters will decide whether or not to terminate the crowdsale after the 4,500 BTC goal is reached. Fittingly, the vote is expected to begin Fourth of July. Voting closes on July 6th. So far, the company has raised a third of its goal....
Related News
Barely a week after we reported that the Bitcoin Foundation is facing a severe cash crunch, the organization has "forcibly removed" member Olivier Janssens as he opposed the idea of further fundraising without a plan in place. The announcement was made by Olivier himself on popular social platform Reddit. He shared the entire sequence of circumstances which led to his removal. He said that a discussion on the future of the Foundation soon turned ugly when someone (unnamed) started a vote on shutting down the organization. Well, that should have been done as the Foundation is only left with....
Governance tokens allow users the opportunity to take on a more active role in managing decentralized projects. Governance tokens are a type of cryptocurrency that allow tokenholders to vote on the direction of a blockchain project. The primary purpose of governance tokens is to decentralize decision-making and to give holders a say in how the project is run.Governance tokenholders are usually more invested in the project’s success as they stand to gain or lose more, depending on the outcome. Community members can use tokens to influence the direction and features of a blockchain protocol....
A decentralized, open-source voting platform called CryptoVoter allows bitcoin holders to vote on bitcoin development issues. The value of each voter's vote is proportional to how much bitcoin they own, making the system similar to a shareholder referendum. Introduced by startup Lewes, Del. -based Blockchain Innovation Labs Inc., the CryptoVoter uses the block chain to cast and audit votes. The questions are proposed by bitcoin holders. After each poll deadline, the system scans wallet balances of addresses associated with the votes and automatically calculates the total for each answer....
If the vote passes, the claim will move to a validity committee to approve a possible payout of $340,000. In what might be an important step towards the maturation of the decentralized insurance space, a claim was filed yesterday with DeFi insurance protocol Cover following the $19 million Dai hack of Pickle Finance — and so far, the majority of users want to see a payout happen.According to the claim on Cover’s website filed Nov. 21, there have been 99 votes at the time of publication throwing roughly 9,800 COVER tokens — more than 99% of respondent tokens — behind a "yes" vote to pay out....
There has been a lot of talk in recent months regarding the role of cryptocurrency for the future of crowdfunding and equity creation. A new company is taking a different, and seemingly more widespread approach to cryptoequity and community funding of early stage projects and business ventures. This new platform, called Swarm, is co-founded by Joel Dietz, a former California native who now resides in Berlin. Swarm is the world's first distributed incubator, and uses technology built on Bitcoin to allow startups to raise money through launching their own coin. This platform is providing a....