Your Vote Really Matters

Voting is simple! To participate in the voting process, you can use VOTE tokens, which are minted exclusively within the platform, or other supported tokens such as USDC, cbETH, and more. When a vote is cast, tokens other than VOTE are automatically converted into VOTE at the current platform exchange rate. The exchange rate is determined solely within the platform and does not reflect any external market valuation of VOTE tokens.

The equivalent value of the VOTE tokens used is then burned, ensuring a transparent and fair voting process. VOTE tokens used for voting are burned upon submission and cannot be reclaimed, transferred, or traded after the vote. This mechanism reinforces the commitment and impact of each decision made by the community.

Participation in the DeFi Choice platform may be subject to restrictions in certain jurisdictions. Users are solely responsible for ensuring compliance with their local laws regarding blockchain technology, token usage, and voting mechanisms. The platform does not verify or enforce individual jurisdictional compliance, and all participants engage at their own discretion and risk. Users are also responsible for understanding and complying with any tax or regulatory obligations arising from the minting, conversion, or burning of tokens.

The principle is simple: the option with the most VOTE tokens wins—unless the poll allows for more than one winner. In such cases, the specified number of options with the highest number of VOTE tokens will be declared winners, as outlined in the poll description.

You can participate by minting VOTE tokens directly within the platform or by using other supported tokens like USDC, cbETH, and more. Non-VOTE tokens are automatically converted into VOTE at the platform’s exchange rate. Once a vote is cast, the equivalent value of the VOTE tokens is burned. This ensures that every vote carries weight and cannot be reused, promoting fairness and transparency in the voting process. Detailed information about the specific rules of each poll, including the number of winners or distribution mechanisms, will always be provided within the poll description.

All votes are final, and tokens used for voting are burned upon submission. This mechanism ensures a transparent and commitment-driven process. Additional details about exceptions or special poll rules will be clearly outlined in the respective poll descriptions.

Yes, you can vote for as many options as you like. This allows you to distribute your VOTE tokens across multiple choices, ensuring that your preferences are reflected in the poll results. If you’re using other supported tokens like USDC or cbETH, they will be converted into VOTE before being allocated to your selected options.

Once a vote is cast, the equivalent value of the VOTE tokens is burned. This ensures that your vote has a lasting impact on the poll outcome while promoting fairness and transparency. You can strategize your voting power across multiple options to align with your preferences.

By participating, you directly influence key decisions in the DeFi space. Additionally, participants who vote for the winning options will be incentivized with governance-based rewards. These incentives are designed to encourage active engagement and meaningful participation in the ecosystem.