Summary #
The voting system on trendhub is a core feature designed to engage the community and gather insights. It allows users to cast votes on items within a Hub, influencing the distribution of rewards based on item popularity. This section explains how to participate in voting, the impact of votes, and the reward mechanism.
How Voting Works #
- Single Vote Principle: Each registered user is entitled to one vote per Hub. This vote is a testament to the user’s preference within the array of items presented in the Hub.
- Casting a Vote: To cast a vote, simply browse the items in the Hub’s carousel and select the ‘like’ or ‘vote’ button on the item you wish to support. Your vote signifies your endorsement and contributes to the item’s total tally.
- Token Transfer: When you vote for an item, tokens from your account are earmarked and transferred into the Hub’s collective account. These tokens represent your stake in the voting process and will be used to calculate the distribution of rewards at the conclusion of the Hub.
Impact of Votes #
- Influence on Results: The cumulative votes determine the popularity and ranking of each item within the Hub. Items receiving more than 50% of total votes are considered winners.
- Data Collection: Votes are an integral part of trendhub’s data collection mechanism. They provide valuable insights into user preferences, enabling Hub creators to identify trends and make informed decisions.
Reward Distribution #
- Winning Criteria: Rewards are allocated to users who voted for the winning items—those that garnered a majority of votes. This system encourages users to engage thoughtfully with the content.
- Fair Distribution Key: The distribution of rewards follows a fair and transparent key. Upon the Hub’s closure, the tokens are distributed back to the users based on the performance of the items they voted for.
- Visibility and Transparency: All participants can view a breakdown of votes and token distribution, ensuring a clear understanding of the reward process.
Conclusion #
The voting system is a democratic way to engage with content and influence the reward distribution on trendhub. It not only stimulates community interaction but also serves as a crucial tool for gauging public opinion and preferences. By participating in the voting process, users can directly impact the success of items within a Hub, while also standing a chance to receive rewards based on their choices.