ZVRatings' voting system: first steps

zvrating (25)in #zvrating • 7 years ago

Greetings, Crytpo Community!

Today I'll tell you about our rating system. Now we have just one type of rating, but this is only the very start of a long journey.
Well, it's very simple and things are going like that:

We choose projects to vote and add them into Google tabs. Everyone can watch them and make own research.
From Monday to Saturday night we have time to prepare for voting
At 0:00 every Sunday voting starts and lasts for 24 hours
After finish everybody can count ratings by himself. But usually I'm doing it myself and then post the results in Telegram Groups and Chats, on the site zvrating.ru in table and in Twitter.

How do we calculate ratings? Now we have the very simple, even primitive rating that is a result of voting. Token holders send 1 token for one project to one of two addresses. 1 token is 1 vote. Only one transaction from one account are allowed. And only one token calculated, even if you send 1000 tokens only one will be counted. And only to one option.

Example from one of our recent votings:

Project Seele ( www.seele.pro )

Those who liked this project sent their tokens to:

3PJJ6NoZTR9Q1qvRJmwXxMDLB4HEigTaaRq

And who didn't like it sent to:

3PA5VbSJH5B9qugqjxEYn2qtYxPS5RJ7T36

Then we calculated an amount of tokens that were sent to this address and made a result on a 100 point scale. So at this example we can see that 19 people liked Seele and 8 didn't like it. So, 27 total votes is 100 points means that 19 votes is 70 points. We have a rating of Seele - 70 points.

Of course , it's really primitive and not many people joined us for now, but we don't stop working and soon we will grow and our ratings will have more weight.

Okay, and once again about ZVRating token:

Blockchain: Waves
Reissuable: NO
Total supply: 1.000.000.000 ( one billion tokens)
Decimals: 0 ( can not be divided into small parts)
Distribution type: Airdrop until April 1st. ( Then distribution will be paused for undefined period of time)

Distibution model I will explaing next time.

Thanks for reading this post. Join our community and let's make ICO market more transparent and fair with real decentralized techs.
TG chat: https://t.me/zvrchat
Airdrop form: https://goo.gl/forms/FDb2nvrKV9OrKtK22

#blockchain #waves #cryptocurrencies #ratings