Vote For ChainStats With STATS Token
One of the core utilities for STATS token within ChainStats is to allow truly decentralized control in the forward progression of the application once we have laid the foundations for a comprehensive on-chain analysis platform for multi-purposed use.
The ChainStats Ecosystem
As our ecosystem consists of both the on-chain application and the Node Portal, there are community votes and proposals that directly reflect the progression and development of each counterpart.
While the application will begin with all the essential tools that the industry has become accustomed to using for analysis. There is always room for further improvement and innovation with new tools and ideas for research and analysis, while also constantly finding new methods to best utilize that data.
All this is enabled through the Node Portal being a hub for data from various blockchain ecosystems being validated and contextualized by our ChainGuardian validators, before the data is then pushed onto the application along with our third party integration and extraction services.
This is where YOU, the community steps in!
Wanting more detailed analytics tools to trace wallet activities? You can voice your opinion with your votes!
Wishing to see your favorite DLT networks data integrated into our ecosystem? Be sure to vote in our network integrations!
Or maybe you’re hoping to have more customizability and adding alternative options to your chart layout and data displays. Every vote counts towards the continued progression of our ecosystem!
Voting On The Chain
By utilizing the transparent and immutable data of blockchain technology, votes within the ChainStats ecosystem will always be visible and public. Allowing for optimal trust and transparency in the communities votes on where to take the ecosystem next.
Every member will be able to see all votes being cast by specific wallet addresses, in addition to new ecosystem proposals being submitted with the support and votes for all of the progressions and integrations in development at any given time.
This is enabled through STATS token empowering users with a voice in the community through delegating their STATS tokens to whichever proposal they believe best benefits ChainStats.
As our goal is to ensure maximum inclusion and participation from every community member, there will be no minimum limit on the amount of STATS for each vote.
Users with 0.001 STATS will have the same voting rights and options as users delegating much larger amounts.
Votes will be demoninated in STATS, with specified voting periods for each category. Once the time limit is up for a voting category, the selection with the most STATS tokens delegated wins that specific round and will be added to the priority list of whats added next into ChainStats.
There will be a consistent flowing system of different voting categories cycling through after each one expires to ensure continued ecosystem participation and growth.
Details To Come
Be sure to follow us on our social platforms as we will soon reveal more details on the exact structure and layout of our voting mechanism.
In the following showcase of the voting mechanisms in ChainStats, we will cover voting times, options & more information to how STATS will be further utilized in this process.
About ChainStats
ChainStats is an on-chain data ecosystem built for analytics, data aggregation and multi-chain consensus in blockchain data to enable utilization of on-chain data for industry purposes, ranging from analysis to leveraging the validated data through third party applications. Founded in 2022 by Brian Jun and Joshua Milbers in Delaware, US.
They are one of the early pioneers in building a platform to allow enterprise purposed on-chain data to enhance and build new business workflows through decentralized multi-DLT validation. For more information, visit the company website.
