New Telos Fundamentals (voting is over)

New Telos Fundamentals (voting is over)

Voting is over and we now have new Telos Fundamentals in place for next July’s mandatory fork, which will take place since some Fundamentals did change.

Votings decided Following:

  • Masternode/Staking split will stay the same
  • Rewards will decrease from 100 to 50 per block
  • Collateral was voted to change from current 5-tier system of 1k/3k/10k/30k/100k to 100k/300k/1kk/3kk/10kk (and just in case you didn’t know kk = Million, meaning biggest coming tier is 10 Million Telos)

These changes won’t come to effect until July when the Mandatory fork is done.

Voting itself was more lively than previous years voting.

Masternode/Staking Split was most of the time fight between keeping as it is (90/10) and 80/20 split, until in last days 10/90 split came and pushed itself to number one for a while, and then “keep it as it is” option started pushing itself with somewhat clear neck to becoming a winner.

The collateral change was for a long time in close to draw with two options until in last days the winning option took a long neck to the previous two and stayed unchallenged.

Change of Rewards was the closest call of them all. Right from the beginning clearly the favor was amongst either keep it as it is (100 per block) or reduce it to 50.
But while on last day, and not just last day, but last hour there were still couple of votes more on “keep it as it is”-option, it was only in last minutes that “reduce to 50” option finally got a couple of votes more than the “keep it as it is”. And yes, it was literally a matter of minutes, less than 5 minutes I think, as I was following it on last minutes.

The voting was so tight that even as I am writing this, there still seems to be dropping some votes there.

However, as far as I looked, at the moment the voting ended, situation was 48 votes for “reduce to 50 per block”, and 45 for “keep it as it is”, and a similar situation is even now in favor of “reduce to 50 per block”, still with few votes difference.

Anyway, as far as I have understood, game was over at 48-45 situation already, and all the votes cast after that don’t matter, but it is as it is.

For future reference, I also just in case took a screenshot of each voting result, although not exactly at the right time, but a bit after when I realized it might be necessary.

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