Delegate Vote
You can delegate your vote to another user. Effectively authorizing them to vote on your behalf. The only benefit a delegatee receives is the ability to vote using your shares.
It can also be used for security purposes(you can keep wallet secure in cold storage and vote from a delegated wallet).
Share Voting Mechanism (Consensus)
There are 2 types of voting. First one is done by commiting OINK tokens and is used to make faster decisions for
managing the system(reward boosts, fees, bonuses,...). The second option is voting through minerd(locked) OINK tokens. It is effectively the consensus
mechanism of the protocol that allows upgrades of the entire system in a decentralized manner. The long term miners in the protocol get to decide
on the future of the protocol as well as manage the treasury wallet. The longer the time-deposit, the greater weight(power) is assigned per each token minerd.
1 Month Deposit
Voting Power:
20%
3 Month Deposit
Voting Power:
30%
6 Month Deposit
Voting Power:
50%
1 Year Deposit
Voting Power:
75%
3 Year Deposit
Voting Power:
115%
5 Year Deposit
Voting Power:
150%