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This platform is currently in beta testing. Your funds are safe in your MetaMask wallet or in the smart contract. There's zero chance of loss of funds due to a malfunction of the website. User error is always possible.
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Waiting for Network
Waiting for network to confirm transaction.
This may take up to 30 seconds.
The transaction failed to confirm!
Wrong network selected!
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Enter the amount you wish to vote below (minimum 100TAO)
Enter the amount you wish to unvote below (minimum 100TAO)
Enter the address of the new validator
Note: you must have 100,000 TAO in your wallet or the transaction will fail!
Click the "Resign" button below to confirm the resignation.
What is Governance?
Layer 1 (or base) blockchain protocols maintain data consistency across hundreds of nodes via consensus. Governance is the method by which the rules which those nodes which determine valid consensus are selected. These potential validator nodes are called Candidates.
What are Candidates?
Candidates are full nodes which, when selected by voters, are permitted to sign and validate new blocks of transactions. When a Candidate is selected it becomes a Validator. There are 150 total Validtors allowed at maximum at any given time and it requires a minimum of 100,000 TAO to become a Validator Candidate.
The 100,000 TAO required to become a Candidate is locked in the governance smart contract and cannot be removed until the Candidate resigns.
What are Voters?
Voters are participants in the network who designate their TAO tokens in support of a specific validator Candidate in return for a share in the rewards proportional to the amount they designate. This designated amount is called a "Stake".
A minimum 100 TAO is required in order to participate. A candidate may resign and their tokens will be returned to them in 75 days.
What is a Stake?
A Stake is an amount of tokens designated to a Candidate by a Voter representing an amount of financial support for that validator which entitles the Voter to a proportional share of rewards.
A Stake may be "unvoted" and returned the the Voter, which takes about 5 days.