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Voting

Follow this step-by-step guide to help you access the voting feature.

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Voting

Voting system in blockchain refers to a decentralized method of decision-making and consensus where participants can express their preferences or opinions on specific matters. Utilizing the transparency and immutability of blockchain technology, participants are allowed to cast their votes securely and anonymously, ensuring the integrity and fairness of the process. Blockchain-based voting systems offer increased trust, audibility, and resistance to manipulation or fraud.

As a decentralized project, Nusa allows the community to cast votes or make new proposals for Nusa developments. In order to participate in voting, participants need to utilize veToken which will represent their voice in the voting and the eligibility to make new proposals.

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Who can participate?

  • Cast Votes: Anybody within the Nusa community who owns veNUSA can participate to cast a vote. There is no minimum or maximum amount of veNUSA owned to become eligible.

  • Submit Proposals: Nusa developers and significant shareholders can submit new proposals. To become a significant shareholder, the participant must own at least 500 veNUSA.

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How is the process of proposal submission and voting?

  1. Developer or holder submits a proposal through the voting page

  2. New proposal will be announced and provided a discussion group on telegram

  3. Governance participants are encouraged to cast their vote during the voting period

  4. After the voting period ends, developer will give 3 days for any rebuttal proposal

  5. If within 3 days there is no rebuttal proposal, developer will announce the voting results and the execution plan

To learn more about reward distribution calculations, click here.

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As a decentralized project, Nusa allows the community to cast votes or make new proposals for Nusa developments. In order to participate in voting, participants need to utilize veToken which will represent their voice in the voting and the eligibility to make new proposals. Follow the tutorial below to vote on existing proposals or create a new one.

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Before you proceed, make sure you have 1 NUSA to vote on existing proposal or 500 veNusa to create a new proposal. Click here to get veNusa

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Vote Existing Proposal

  1. Visit the Nusa Official Websitearrow-up-right and click Launch App

  2. Click the Connect button to connect your wallet

  3. Hover the Governance menu and click Voting

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Create a New Proposal

  1. Visit the Nusa Official Websitearrow-up-right and click Launch App

  2. Click the Connect button to connect your wallet

  3. Hover the Governance menu and click Voting

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