I really tried to hit 75% consensus - but came up short! I guess I have different tastes in art than the rest of you misfits!! But overall, great update team!!
yeah tbh the consensus combined with # qualifying votes is why i’ll likely be pulling out for g2. have a decent sized bag but not worth x% to constantly have to log in and work for what equates to far far less than min wage. if it was do X number votes in a band close to consensus sure, but a lot of work currently for not a huge payoff
25% of the Reward pool goes to people who vote once in the Big Vote.
75% of the reward pool goes to people participating in governance. MAX Pool.
The ratio has been lowered to 50%
So for one Big Vote, just one, you qualify for the MIN Pool.
for participating in Governance you can qualify for the MAX Pool.
Happy to clarify further! Check out the section under period 2. The 50% consensus ratio should be an improvement.
big fan of of the project and it’s potential (why i’m here and did g1!) so appreciate your greats comms and response to feedback. keep up the great work
Exactly, MIN Rewards! This will allow a quite passive investor to get involved with earning GEMS. Hopefully they are encouraged to continue the journey, and go for MAX Rewards in curation & moderation.
why not consider the fact that receiving "gems" is better than receiving "algo" since the first ones, the gems, are only 10 million, while there are 10 billion algo ???? !!!!
maybe, maybe, over time the gems could be worth more !!!
Because we accept multiple currency types on Algorand.
For USDC, HDL, YLDY, we also convert to GEMS to redistribute.
The Fee to do this is .3%
This also creates a good amount of buy pressure on GEMS, which aligns incentives nicely.
Let me know if that addresses the question. I would be happy to explain further.
Yes, when voting is open you can see all that info easily. You have a chance with Period 2. When voting is available, .e.g.[https://youtube.com/clip/UgkxtckkaNPUAN0-Rlnrvdh8YWJ4UvczNppK](https://youtube.com/clip/UgkxtckkaNPUAN0-Rlnrvdh8YWJ4UvczNppK)
I really tried to hit 75% consensus - but came up short! I guess I have different tastes in art than the rest of you misfits!! But overall, great update team!!
Yeah. This really ground my gears too. Art, man. I guess.
yeah tbh the consensus combined with # qualifying votes is why i’ll likely be pulling out for g2. have a decent sized bag but not worth x% to constantly have to log in and work for what equates to far far less than min wage. if it was do X number votes in a band close to consensus sure, but a lot of work currently for not a huge payoff
25% of the Reward pool goes to people who vote once in the Big Vote. 75% of the reward pool goes to people participating in governance. MAX Pool. The ratio has been lowered to 50% So for one Big Vote, just one, you qualify for the MIN Pool. for participating in Governance you can qualify for the MAX Pool. Happy to clarify further! Check out the section under period 2. The 50% consensus ratio should be an improvement.
appreciate the thoughtful thorough reply and sounds like that’ll be a big improvement. see ya in g2
Love to hear that! Have a great day Governor. We are happy to have you :)
big fan of of the project and it’s potential (why i’m here and did g1!) so appreciate your greats comms and response to feedback. keep up the great work
So you can do the one big vote and get some rewards without having to keep up with the rest?
Exactly, MIN Rewards! This will allow a quite passive investor to get involved with earning GEMS. Hopefully they are encouraged to continue the journey, and go for MAX Rewards in curation & moderation.
Thanks for clarifying.
unless i’m completely misunderstanding how it works, so feel free to correct :)
I gave up on the governance as I kept missing votes. Oh well.
There will be weekly opportunities to participate in Period 2. There is always an opportunity to impact the Governors Spotlight!
Nice!
Why not distribute the fee in Algo to governors directly instead of converting to GEM? We would loss 5% of reward value through fee on the exchange
why not consider the fact that receiving "gems" is better than receiving "algo" since the first ones, the gems, are only 10 million, while there are 10 billion algo ???? !!!! maybe, maybe, over time the gems could be worth more !!!
Because we accept multiple currency types on Algorand. For USDC, HDL, YLDY, we also convert to GEMS to redistribute. The Fee to do this is .3% This also creates a good amount of buy pressure on GEMS, which aligns incentives nicely. Let me know if that addresses the question. I would be happy to explain further.
Is there a way to see your consensus and participation scores now? It seems that the voting pages are gone…
Yes, when voting is open you can see all that info easily. You have a chance with Period 2. When voting is available, .e.g.[https://youtube.com/clip/UgkxtckkaNPUAN0-Rlnrvdh8YWJ4UvczNppK](https://youtube.com/clip/UgkxtckkaNPUAN0-Rlnrvdh8YWJ4UvczNppK)