Single Choice Voting

Each user can select only one option. The results will reflect these votes as percentages of the total voting power of all voting participants cast on the specific choice.

Let's look at the calculation in this example:

Let's consider there are 5 voters and their VP (voting power):

  • John has 10 VP

  • Mary has 5 VP

  • Dave has 8 VP

  • Andrew has 15 VP

  • Tony has 3 VP

Suppose they cast their votes on a proposal featuring four choices, Alice, Bob, Carol, and David. Two of the choices has an associated incentive:

  • BOB has a 100 USDT incentive

  • CAROL has a 60 USDT incentive

Here's where voters cast their votes:

  • John has 10 VP voted on option BOB

  • Mary has 5 VP voted on option BOB

  • Dave has 8 VP voted on option BOB

  • Andrew has 15 VP voted on option CAROL

  • Tony has 3 VP voted on option CAROL

In summary, there is a cumulative voting power of 23 VP in favor of option BOB, while there is a total of 18 VP in favor of option CAROL. Now, let's analyze the influence of their voting power on the choices by calculating the percentage.

  • John has 43.48% influence on option BOB

  • Mary has 21.74% influence on option BOB

  • Dave has 34.78% influence on option BOB

Whereas on option CAROL,

  • Andrew has 83.33% influence on option CAROL

  • Tony has 16.67% influence on option CAROL

The incentive amount assigned to a particular choice is distributed to voters in proportion to the percentage of their influence. Referencing the provided data, the following indicates the USDT incentives each voter will receive:

  • John will receive 43.48 USDT

  • Mary will receive 21.74 USDT

  • John will receive 34.78 USDT

  • Andrew will receive 49.99 USDT

  • Tony will receive 10.01 USDT

This approach ensures an equitable distribution of rewards based on the influence a voter has on the proposal. In essence, the greater the voting power allocated to a vote, the higher the percentage of rewards received.

The calculation of rewards is determined by the number of voters in proportion to the voting power held by each participant. However, voting power may vary on the voting type used in a proposal. To know more about Single Choice Voting, check out Snapshot docs 👉 https://docs.snapshot.org/user-guides/proposals/voting-types#single-choice-voting

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