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Why do coins vote (why can voting be bought with money)?

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Why do coins vote? According to an official Weibo post by Binance, nearly a hun

Why do coins vote (why can voting be bought with money)?

Why do coins vote? According to an official Weibo post by Binance, nearly a hundred blockchain projects have been marked in “on-chain voting”. But the only thing that really gets recognized is the voting power.

Why is this? Because most blockchain projects’ delegated voting rules are as follows: at a certain point in time (when a certain trading pair encounters issues), users will delegate a certain amount of tokens to others to receive corresponding rewards. If these tokens are sold, they cannot be exchanged for other tokens. If these tokens have no value, they cannot be cashed out. Therefore, many investment institutions will not allow participation in any ICO. This leads to many investors mistakenly thinking that this is a public investment behavior, and believe that these cryptocurrencies are just entering the market in the early stages of development and will still have greater development opportunities in the long run.

Why can voting be bought with money

Editor’s note: This article is from Orange Book (ID: chengpishu), authorized to be reposted by Odaily Star Daily.

Recently, the most discussed topic is “Can voting be bought with money?” because in this voting process, you have already been harvested.

In this article, I introduced a model similar to Alipay. Users vote through the app and use Bitcoin to purchase points in exchange for membership qualifications and the opportunity to participate in supernode elections. These rewards are provided by blockchain companies. “Why do we need voting to earn income?”

In fact, many beginners choose to complete some voting operations using their phones or PCs and say, “If we can earn money by voting, we don’t need to use a credit card.”

What if there are WeChat, Google, or Facebook users who need them to do something? For example, when your Weibo account registers a new account, you will receive a new password for logging into your account. In this way, as long as it is information posted by a verified account, it can obtain an invitation link, and you don’t have to worry about how others know your email address.

Of course, this method can also realize anonymous transactions. But for ordinary people, it may be more convenient to share their identity information with others to view, rather than directly entering personal information. And when you see a large number of cryptocurrencies in your account, it is easier to look forward, after all, everyone’s address is public, so you have no requirements for yourself.

If you are not a newcomer to the crypto world, it is recommended to store the private key in a cold wallet first, and then back it up before generating the private key. After that, you can receive the corresponding tokens, so once someone discovers the private key, they can click to transfer to a bank card, and then automatically convert it into cash without waiting for the freezing period to withdraw the coins, thus preventing asset loss problems.

But this kind of setting is not money given for free to any friend, but is designed for people to download their applications from various channels. That is to say, you just need to open the app on their website.

The answer to this question is, “Since it cannot be cashed out, does it rely solely on face recognition?” So today, I will explain to you what voting is and how much money can be earned through voting.

1. Buy Bitcoin and Litecoin on exchanges. First, you can buy pizza with them here. 2. ERC20 tokens on Ethereum. 3. “Buy Bitcoin and Litecoin on Ethereum”, which is one of the best ERC-20 tokens in the market, with a price of 0.2 BTC. 4. “Buy Litecoin/Litecoin on Ethereum, equivalent to 1 ETH = 1 LTC. 5. “Selling Litecoin on Ethereum is like trading Apple stocks, it is completely transparent.”

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