Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Giant (GIC) | MN+PoS | Blockchain & Smart Contracts
by
GiantUser
on 21/12/2018, 09:59:03 UTC
We’re glad that the vote has set a new precedent in history of Giant. This precedent has made many community members to express their own opinion and demonstrate a bit of misunderstanding towards certain issues. I’m going to answer to the most of the controversial themes raised.

Why distract ourselves to voting when we can develop Giant.Exchange?
Different project departments work in different spheres. For example, Ablai and Denis are building Giant.Exchange with the support coming from Maria and Dmitry Filinberg. The activation of self-governance mechanism will happen thanks to the efforts of Dmitry Myachin with the help of Dmitry Filinberg. It’s much more rational to change the code only once, and this is why we are holding a reward structure vote right now. You should also remember that the change and the following mandatory wallet update will not happen in the near future.

Why do we need this ‘self-governance mechanism’ at all?
It’s a necessary step in the project development, as it will allow to optimize the outsourcing of various market promotion initiatives which currently fully depends on the Giant Team. Self-governance is the way chosen by all truly decentralized projects.

What are we voting for?
The vote has not started yet. The previously-made announcement was only to voice our position and start the public discussion after which the balanced and most popular results will emerge. Among the members of our community there are people with different vision of the Giant future. Quite soon, we are going to start posting options which will be present in the vote. Of all these variants, 4 will be put on the masternode owners’ vote.

How does the vote option look?
It must represent a viable structure for block rewards we will be able implement in 2019. Note that in May, there is a planned block reward decrease and the options should be formed with this change in mind.