⭐Vote Mechanism

After staking, users will get votes whose quantity is the same as the freezed/staked VS tokens. At the same time, users can choose to obtain either Photon or Entropy. After all the VS tokens are frozen for 35 days, users can thaw VS with rewards. That means the deadline will be postponed 35 days to the expiration time after freezing more VS.

Voting Weight

Vision weights the vote of users (voters) according to the amount of staked VS. The current stage is set as follows: 1,000-10,000 VS vote Count1.08(takes the maximum integer not greater than that number, the same below) 10,000-100,000 VS voteCount1.13 100,000-1,000,000 VS voteCount*1.16

The Vision network calculates the weighted number of votes obtained by super nodes (witness), namely: sum(voteCountWeight)

The number of votes obtained for witness shall not be greater than (witness pledge-srFreezeLowest) / (srFreezeLowestPercent / 1000)

The srFreezeLowest represents the minimum sr pledge amount.

Currently, Vision network is set to 5000 * 1000,000L (5000VS), srFreezeLowestPercent indicates the pledge ratio conversion coefficient (the maximum number of votes obtained according to the amount of pledge), and Vision network is set to 65.

Inflationary and Deflation Mechanism

Vision has a sound inflationary and deflation mechanism with the pledge rate for each maintenance cycle and the average of all maintenance cycles average Pledge Rate* in Economy Cycle* at the end of the economic cycle.

When the average Pledge Rate in Economy Cycle exceeds 60%, inflation is 23.22%.

When the average Pledge Rate in Economy Cycle is below 60%, inflation is 6.89%.

Pledge Rate

The whole network pledge rate will be calculated during each maintenance cycle. Pledge rate calculation formula: pledge rate = number of all pledge (entropy + optical quantum + node pledge) / whole network working capital (block reward + voting reward + promotion reward + voting amount + Galaxy account initial amount-Galaxy balance + Avalon account initial amount-Avalon balance)

Economic Cycle

The economic cycle counts the average pledge rate of the maintenance cycle, thus obtaining the inflation rate of the next economic cycle, the first maintenance cycle of = 40, and the = 120 x maintenance cycle for each subsequent economic cycle. Inflation rate impact

1. Block Reward

For example, the Vision initial block reward is 144,000 VDT, If the current economic cycle inflation rate is 23.22%, the block reward is dynamically adjusted to 144,000 VDT x (23.22% / 12 + 1) = 146,786 VDT.

2. Voting Awards

For example, the Vision initial voting reward is 1200,000 VDT, If the current economic cycle inflation rate is 6.89%, the voting reward will be dynamically adjusted to 1,200,000 VDT x (6.89% / 12 + 1) = 1,206,890 VDT

3. Promotion Awards

For example, the Vision initial promotion reward is 256,000 VDT, If the current economic cycle inflation rate is 6.89%, the promotion reward is dynamically adjusted to 256,000 VDT x (6.89% / 12 + 1) = 257,469 VDT.