Bitkub Chain Launches Voting Platform and gKUB Token

The Voting Platform is a hub where proposals from users and the community are gathered. KUB holders can participate in voting on various proposals using gKUB tokens. The results of these votes could significantly influence changes within the community and the future development of Bitkub Chain, including suggesting new features, system improvements, and policy changes.

Here's how to participate in voting on the platform in 3 steps:

1. Join Bitkub Chain POS Staking: Start by staking KUB coins through https://staking.bitkubchain.com/. Receive BKC-D tokens at a 1:1 ratio to the KUB from staking.
2. Stake BKC-D to receive gKUB: Stake your BKC-D tokens on the Voting Platform at https://vote.bitkubchain.com/ to receive gKUB tokens for voting. The amount of gKUB received depends on the specified time and conditions.
3. Vote: Use your gKUB to vote on proposals that interest you.

If a proposal created by Bitkub Chain receives sufficient support according to the defined criteria, it will be considered and implemented. However, if the proposal is created by the community or another platform, the decision to implement it lies with the creator of that proposal. Additionally, if any proposal does not receive enough support, participants can reclaim their gKUB tokens. On the other hand, if a proposal receives enough votes to pass, voters will not be able to reclaim their gKUB tokens. These gKUB tokens will then be removed from the system (burned).

Remark: After you participate in voting with gKUB, you will not be able to claim your gKUB back until the proposal period ends.

Bitkub Chain believes that using gKUB on this Voting Platform will strengthen the Bitkub Chain ecosystem by allowing the community to truly participate in developing the infrastructure.

• ข่าวthe developer
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