Quadratic Voting
Use MOGUL to vote on the movies you want Mogul to finance and get rewarded
Last updated
Was this helpful?
Use MOGUL to vote on the movies you want Mogul to finance and get rewarded
Last updated
Was this helpful?
The Mogul voting contract uses a quadratic formula to calculate how many votes each MOGUL holder gets when voting on which film Mogul will finance.
The number of votes a MOGUL holder receives is equal to the square root of the number of MOGUL they have.
Benefits:
Smaller holders are given proportionally larger voting power compared to large holders
The voice of the entire community is taken into consideration rather than a minority of large token holders
Users are still encouraged to hold more MOGUL to receive more votes
Quadratic voting is meant to harness the power of the crowd so that everyone has a voice, regardless of the number of tokens you hold.
Read our full blog post for all the benefits of quadratic voting: https://www.mogulproductions.com/post/mogul-pioneers-blockchain-voting-with-quadratic-voting-for-hollywood-movies
Vitalik has been writing about quadratic voting since 2017 as the best solution for blockchain voting: https://vitalik.ca/general/2019/12/07/quadratic.html
