Try Quests to earn crypto[ALGO][Q4] Governance Period 1 Breakdown
- For governance period one, what was the voting breakdown? - How did this change by the size of the algo wallet? - How does this change by number of algos committed?
Brief On Algorand Governance
Anyone can participate as a governor by committing algorand to the specified addresses in the form
of a Zero Algo( fee only ) payment transaction with a special payload in the tx_message:txn:note field of the
transaction.
Other governance actions are also carried out in a similar manner, be it voting or rewards.
Some patterns:
- 'af/gov1:j{"com":' : commitment Tx
- 'af/gov1:j[3,"a"]': vote A
- 'af/gov1:j[3,"b"]': vote B
- 'af/gov1:j{"rewardsPrd":': rewards payment
However, some rules/conditions need to be maintained otherwise the candidate is no longer an eligible governor nor will the rewards be granted! The rules being:
- Maintaining a minimum balance throughout the period in the Algo wallet as that which was committed.
- Participating in the Proposal Rounds by voting.
In the above visualization, we break the participants into groups based on their committed amounts.
The break-up is as follows:
- ALGO COMMITTED < 1000 ---- 'fish'
- 1000 < ALGO COMMITTED < 10000 ---- 'shark'
- ALGO COMMITTED >= 10000 ---- 'whale'
Interesting Observations:
-
It seems the community is split almost equally, with one side just slightly ahead!
-
The size of the wallet/commit doesn't seem to have any distinct impact on the decision-making