Using SmartVote

SmartCash SmartHive is voting and funding platform. This documentation introduces and details the theory and practice to use the system.

Understanding the process

Introduction

  • Smarthive consists of three components: Proposals, Votes, and Project treasury
  • Anyone can submit a proposal for a small fee
  • Each valid smartcash holder can vote for, against or abstain on proposals
  • Approved proposals become Fund Allocated
  • Fund Allocated are paid directly from Project Treasury to the proposal owner

Proposals

  • Proposals are a request to receive funds
  • Proposals can be submitted by anyone for a fee of 100 SMART. The proposal fee is irreversibly destroyed on submission.
  • Proposals cannot be altered once submitted

Votes

  • Votes are cast using the address that have >= 1 SMART
  • Votes can be changed at any time

Proposal structure

The following information is required to create a proposal:

  • proposal-name: a unique label
  • Summary: a proposer-created webpage
  • Forum Proposal Link: forum post containing detailed proposal information
  • block-start: the requested start of proposal payments
  • SmartCash Payment Address: the address to receive proposal payments
  • Total Cost: the requested payment amount
  • And More

Detail here: https://vote.smartcash.cc/Proposal/Create

Persistence

  1. Proposal Funds can not be transferred back to the community as a kickback, rebate, or donation nor can they be used to fund third parties. Proposals that have this objectives will be removed.
  2. Your proposal will be validated by our team before it goes live. We will check if it does not hurt any of the terms, only after this will be released on the site
  3. Proposals will be open for 14 days. If during the last day of voting, the status change, the proposal will be extended for another 24h
  4. After submitting, you will not be able to edit the proposal

Templates

The following two Microsoft Word templates are available to help facilitate standardized proposal submission and updates. Usage is recommended, but not required.

Creating proposals

Once you have prepared the text of your proposal and set up a website or forum post, it is time to submit your proposal to the blockchain for voting.

For information on how to create a proposal, see

https://vote.smartcash.cc/Proposal/Create

Voting on proposals

You can voting on proposals from Web wallet, NodeClient Wallet, Electrum Wallet and any kind of wallet that support sign message.