Open virgile-dev opened 7 years ago
These are raw answers, we might need to edit for better readability
Of course
@santisiri @herbstephens what's your take on this one :
What happens with the Votes obtained through the IRO? Can holders use them to vote on issues ?
Some folks I'm discussing with argue that they shouldn't be able to vote. Here is a list of Votes usage I thought of.
Purchase votes should / can :
I made a pull request with most of these (edited) to our FAQ file! =)
@virgile-dev i think that attaching economical value to the vote makes the token relevant. as per the utility, i think that any ERC20 token should be used to fuel value of the native votes generated. I'm still not sure how, I have a couple ideas that we can talk on friday in our dev-call.
Hey guys,
I had a great conversation with @medied last friday, shooting questions at each other related to the IRO. They might be good to add to FAQs ? What you guys think ?
Right, that’s the plan going forward. Sovereign should be able to talk to these contracts somehow so that data is actually stored in the blockchain. How we store it, what we store, how Sovereign actually connects to the smart contracts, that’s all part of the dev that’s still to be done.
Right, ERC20 token that would go in the Ethereum mainnet
The smart contracts I’m working on are for the actual voting, what Sovereign would allow people to do. For the ICO itself, we actually don’t need to have these contracts ready per se. I don’t know the tokensale entails exactly (that’s where OpenZepellin comes in), but basically what’s needed for the tokensale is a way to handle transactions of everyone who is buying in (so not related to voting). Does this make sense?
Right, similar to object-oriented programming, every contract is an ‘object ’ that can do things (functions) and know things (data variables)
My understanding is that it will open for anyone to run their instance.
Currently in the dev environment (with testrpc) when we create an org, at the very minimum, gas needs to be paid to execute on the mainnet. I actually don’t know the exact answer to your question right now, what it means to set up an org, what it cost exactly when we come down to the technical details. But yea gas needs to be paid somehow, I understand, and how or who pays for that is part of the learning we still have ahead.
If buyers get a valid POI they will be able to use these votes to participate in organizations they are part. The E (Equality) variable of the Vote dripping formula makes sure that everyone stands equal in the network. People purchasing Votes at our IRO will be helping directly Democracy Earth and its contributors to build sovereign and the Network accordingly.