Quote from: LouTong on October 18, 2017, 12:56:07 PM

Hi, I'm just catching up on things. Trying to get a better grip on what the vote is about as i just grabbed the new wallet but not yet voted. I'm heading over to reddit after i post this to try and learn more.

I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?) Can anybody enlighten me on this or point me to where i can read up as to various options?

From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.

As an investor and staker it seems kind of like they are going in my pocket twice on this one vote. Am I reading into this wrong?

I love this project and think a community/development fund is a great idea and totally what navcoin needs. I would totally vote yes on that. But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..

I think if it is two major changes it should be two votes personally.

I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.

Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately. Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.

There is one proposal now that we vote on. Currently the staking reward is 5%. The proposal is to lower the staking reward to 4% and every block 0.25 NAV Coin to a community fund.

So yes, staking will earn you less NAV Coin annually. However, you will get a community fund in place that could be a huge boost to the development of NAV Coin.

Discussions over the past months and polls determined that the 4% + 0.25NAV/block to the fund, was the most popular option. If this proposal doesn't reach a 75% majority vote, I don't know when and if another proposal will be brought to vote.

0.25 NAV/Block means about 21600 NAV Coin going towards the community fund. The stakers are in charge of the fund and without a majority vote no funds can be released. Everyone is able to ask for funds and propose an idea to the stakers. First the stakers will have to agree on the idea and in a later voting they have to agree on releasing the funds.