Fortube’s FDAO Governance Function Tutorial

Last December 28th, 2021, ForTube introduced a new governance structure, FDAO, to balance ForTube’s revenue distribution, risk-taking, and governance decisions.

 FDAO main function page

Log in to the ForTube official website, connect to the wallet, select the ETH version, and click [DAO] in the left navigation bar to enter the governance page. [Voting addresses] refers to the number of FDAO holders. [Total proposals] refers to the total number of proposals.

Leaderboard module:

• Click on [leaderboard] to view the top 50 FDAO holding addresses by voting weight.
• Click any address to view the proxy voting power (if any) owned by the address, the total number of votes, the proxy ID, and historical voting details.

How to obtain & delegate FDAO votes

There are two methods for users to convert their FDAO tokens into votes.:
A: Get your own votes and exercise your voting rights
B: Delegate your votes to others, and others will exercise the right to vote

On the [leaderboard] page, click [Delegate voting] on the right, and the [Enter an address] dialog box will pop up.
A: Enters your own ETH address and click [Delegate] to get the votes.
B: Enter a specified (others) ETH address, and click [Delegate] to delegate the number of votes to the address.

Source: https://thebittimes.com/fortube-s-fdao-governance-function-tutorial-tbt14662.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: DeFI News

Post by: TheBitTimes.com