Cyber Republic Weekly Update 15

CYBER REPUBLIC Weekly Update/Issue 15
International Community
Activities
By Joel
In last weekly update, we discussed the DPoS alliance initiated by the Chinese community.As
the alliance states, the purpose of running the nodes is not for profit but for the following
reasons:
Provide a way for token holders to benefit from the DPoS node elections;
Encourage members to vote; and
Prevent the collusion of “whales”.
Voter Benefits
With the current election rules, no rewards are given for voting in the DPoS elections.To
encourage the community to participate, the alliance will reward its voters. ELA deposited to
become a node candidate will weigh twice as much as ELA used to vote.This serves to
compensate those taking the extra risk of depositing ELA, as well as the initial set-up cost of
hardware. When deciding the weight factor, there were some considerations for the node
candidates. The rewards cannot be:
too low: if the reward is too low, node candidates will not be attracted and it may
cause collusion between the nodes during elections; or,
too high: it is unfair to voters and it will not attract enough members to join the
alliance
This alliance encourage members to vote by maximizing the yield of every ELA they use to vote
with. Referencing the formula given in the last weekly update, the percentage of the profit
given to node committee decreases (and rewards given to the voters increases) with an
increase in voting rate. Here are some figures:
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