IPTO Voting Mechanism

Voting Mechanism

Voting Power

Calculation

• 1 IPTO = 1 vote
• Voting power = Tokens held + Delegated tokens
• Minimum voting period: 5 days
• Maximum voting period: 14 days

Vote Locking

• Optional vote locking for increased voting power
• Lock periods: 6 months to 4 years
• Voting power multiplier: 1x to 4x based on lock duration

Voting Process

1. Vote Submission

• Yes/No voting
• Vote weight based on token holdings
• Ability to change vote until deadline
• Optional vote reasoning

2. Vote Counting

• Real-time vote tallying
• Quadratic voting for certain proposals
• Vote power snapshot at proposal start

3. Quorum Requirements

• Standard proposals: 10% of total supply
• Critical proposals: 20% of total supply
• Constitutional changes: 30% of total supply

Security Measures

Vote Protection

• On-chain vote verification
• Anti-manipulation safeguards
• Delegate voting power caps

Vote Privacy

• Optional private voting
• Delayed vote revelation
• Anonymous voting options

Special Voting Events

Emergency Voting

• 24-hour voting period
• Higher quorum requirements
• Multi-sig guardian approval

Governance Upgrades

• Two-phase voting
• Higher majority requirements
• Extended voting periods

Learn about delegate voting