Vote for Referendums

The referendum system is in place on EOS mainnet for token holders to voice their opinions. Anyone with an EOS account can create a proposal, and if it meets the thresholds, it will be passed and executed. The three thresholds are;

  1. A minimum of 15% of all tokens that have been issued must vote on the proposal

  2. At least 55% of all votes must be cast for Yes

  3. Sustain both of the above thresholds for 30 consecutive day

As a token holder, you are entitled to state your opinion and vote on proposals and 1 token will equal 1 vote. You are allowed to vote for as many proposals as you'd like, and you are also able to leave a comment with your vote.

EOS Canada has an excellent FAQ for everything related to the EOS Referendum Contract here.

HOW TO VOTE FOR A REFERENDUM PROPOSAL

1. Select Vote on the top menu.

2. Select Referendums.

The Referendums page displays 4 tabs;

  • Search Proposals (#) - Displays all current proposals and how many there currently are. You can search for a proposal by the Proposal ID, Proposal Title, or the Proposer.

  • Create Proposal - You are able to create a proposal under this tab. You need to propose a name, title, content, type and how many days until expiry (minimum is 120 days for referendums).

  • My Proposals - Displays all the proposals you've made under your account.

  • My Votes - Displays all the proposals you have voted for.

If you'd like to view previous proposals that are expired, check off the box "Click to show expired proposals."

3. Select a proposal that you'd like to vote for. It will take you to a detailed page about the proposal.

The page will show you the proposal ID, proposer, the creation date, expiry date. It also visualizes the total votes with a breakdown of the accounts the votes came from.

Your options to vote for the proposal are;

  • Abstain

  • Decline

  • Approve

4. You will receive a prompt from Scatter to whitelist your action. Click Allow.

Once the above action is whitelisted, you will receive a message with the status of your vote and a link for the transaction.