Klaytn Governance Vote
The FIRST Ever Governance Voting Platform on Klaytn Network
Last updated
The FIRST Ever Governance Voting Platform on Klaytn Network
Last updated
Through the Governance Voting Platform, NEOPIN has delegated these voting rights to the NEOPIN Community, where user opinions are collected and NEOPIN's voting rights in the governance system of various mainnets are exercised on their behalf.
NEOPIN has been a Genesis Governance Council (GC) member since the launch of the Klaytn mainnet in 2019. NEOPIN holds 15 voting rights, representing approximately 7% of the total 216 voting rights held by all GC members.
This page displays real-time agenda items posted on Klaytn Square, the official governance channel of the Klaytn Foundation.
In order to allow time for results to be calculated, voting periods on the NEOPIN Governance page will end one day earlier than on Klaytn Square.
Users who have staked in KLAY Staking products (KLAY Stake and Liquid Stake) through NEOPIN will be allocated voting powers based on their staking amount. (The npKLAY-KLAY pool does not count for the allocation of voting powers.)
A number of voting powers is calculated based on the amount of KLAY staked, and the number of voting powers is updated daily at 00:00 UTC.
For each agenda, a user’s voting power may vary as it is determined by taking a snapshot of the number of voting powers each user has at the time the agenda is listed on the NEOPIN governance page. This means additional staking will not be reflected in the number of voting power for an agenda if it is already listed.
Voting powers can be used to vote either “YES” or “NO” for each agenda item. When you vote, all of your voting powers for that agenda will be used, and you cannot change your vote once it has been submitted.
If less than 33% of the total voting powers issued are not voted by the end of the agenda, the result will be reflected as an “Abstain” and considered defeated. In this case, NEOPIN will conduct an internal review and vote for or against the proposal in accordance with [NIP-6].
If, on the other hand, more than 33% of the total voting powers are voted, the result of the proposal will be reflected by the majority rule of either the “YES”/”NO” option.
If neither “YES” nor “NO” receives more than half of the total votes, the result will be reflected as “Abstain”.
Please see the guide below on how to vote on the Governance Voting Platform on NEOPIN.
