Hi,

Many thanks for your post.

As many projects begin with no actual product we made the decision to develop a base demo product from the launch of our ICO to give users the ability to vote and add questions to be voted on.

Currently the voting product can be used to;

1.) Vote
2.) Post questions to be voted on
3.) Comment on your own votes and others votes
4.) Share comments and specifc questions on twitter
5.) Manage a basic online account

As I can see, your demo product can be used on polls but is it limited only on that?

In it's current form the voting site is limited to polls but we can utilise the voting functionality for community members to vote on the direction the project takes. For example, voting on would users like an Android App first or iOS app first. This allows community members to shape the project without it being controlled by a small number of people.

The types of polls are also important;

1.) Companies can commission polls to ask the community for their opinion on for example new products they plan to launch.
2.) Governments can use the polls to complete opinion polls which could be used to base laws on or take decisions. For example, should the UK leave Europe?
3.) Individuals can create questions which are fun to vote on. For example, Who is your favourite singer?
4.) DeFacto Development can be voted on. For example, do we list on Kucoin or Binance?

Can the demo product be used on nationwide voting in the future as well(on democratic countries)?

Yes, exactly. The main goal of the voting is to create 'Borderless Voting'. For example, if 3 million from all over the world voted Yes to Should we ban all consumer supermarket plastics then it is clear the community wants to ban plastic. A country for example Spain then recognises this outcome and makes it law. The UK then recognises Spain has adopted this stance and also adopts it. So so summarize a key goal is for serious matters voted on in our poll to be adopted by governments. Even if a country is non-democratic it still has the ability to enforce decisions and so in the example listed non-democratic countries also have the potential to adopt the voting outcomes from polls.

Whilst individual polls can be fun and company polling is a revenue stream for us the end goal is to use the 'big data' gathered to shape law.

Also, what makes it different from online poll platforms if some of them already offers anonymous voting without the need of blockchain implementation?

Another great question and fundamental principle to the project!

Currently, voting takes place in a very traditional sense whereby you would physically vote or vote online. Beyond the point where you vote you are in many ways trusting the vote to be correctly counted and allocated to the decision you made. This is a fundamentally flawed process as it is open to errors, is not transparent and can be easily corrupted.

Blockchain solves these traditional issues by recording your voting decision and/or question on the blockchain. In our case a custom platform will be created purely to record this voting information. This data is forever imprinted on the chain and will be viewable by anyone therefore is transparent and fair. You will note our mission statement 'A Better World Through Fair Voting'

The key issue to creating a fair system is to ensure that each vote submitted is unique and the user identity is anonymous to the public.

We will implement a protocol which is called 'Spectre' whereby a user can choose to make the vote data public or private on the chain and they will also be able to perform this function for sending DeFacto coins (on main net) to create a privacy coin element where there is flexibility to transact publicly or privately.

We will also offer Proof Of Stake (POS v3) functionality to reward users for staking DeFacto Coins (on main net) so for this a blockchain is needed.

To summarise,

1.) Users are validated as unique users to ensure no double voting.
2.) Users can vote privately or publicly. For example, a government vote is private but a fun vote on the site is public.
3.) Users can send coins privately or publicly. For example, I can send you coins with the transaction shown in our block explorer or anonymously.
4.) Users can be rewarded for holding DeFacto coins through a POS system.

DeFacto offers essentially 3 main functions;

> Voting & Polling
> Rewards via POS
> Privacy Coin Functionality

We hope to make a difference and ultimately shape laws and I hope this overview goes some way to explaining that for you. If you have any further questions please do get back in contact.

DeFacto Admin