Nimiq Proof of Stake is Now Live!

Nimiq Community Funding Board

Elections

22 Jul 2019

by TEAM NIMIQ

2 min

Nimiq’s Community Funding initiative was created to provide support, mentorship and necessary seed funding to community developers who want to create NIM-based projects and add to Nimiq’s growing ecosystem.

However, Nimiq like every other crypto project has finite resources and this means that only the very best ideas and concepts can be backed. So, who decides which community projects will be backed? The Community Funding Board does.

What is the community funding board?

Nimiq’s vision is to grow this initiative with an ethos of ‘by the community, for the community’. That’s why the Community Funding Board is made up of three community representatives who, together with three members from the team, analyze and make judgments on which community proposals are to be supported.

The Community Funding Board is set to play an important role in the future growth of the Nimiq ecosystem and that is why it’s important for all Nimiq community members to vote for Board candidates who share their vision for Nimiq.

Go vote

It’s your vote, your voice, and every vote matters!

Key information

  • To vote, head over to voting.nimiq.community and select your three favorite candidates. Thanks Chugwig (current community representative, running for election again) for the voting app.
  • You can also use an alternative version of the site, built by Smitop (current community representative, running for election again).
  • Bios for each candidate can be found in the Nimiq Forum.
  • Vote weightings are directly proportional to the amount of NIM in your wallet (as of August 1st at 06:00 UTC).
  • Voting has begun and will end on July 31 at 23:59 UTC.
  • Vote weightings will be determined by a snapshot of NIM wallet balances when the voting process ends.
  • A designated voting address means you can select your top 3 favorite candidates and submit your vote for just one Luna.

Make a difference

“Voting is not only our right. It is our power” — Loung Ung

Any democratic process is only as strong as the levels of participation. If you share our belief in Nimiq’s bright future, then make sure you don’t lose your right to have your say in who will represent you in the next Nimiq Community Funding Board.

#GetOutTheVote

Pura Vida,

Team Nimiq

Disclaimer

None of the statements must be viewed as an endorsement or recommendation for Nimiq, any cryptocurrency, or investment product. Neither the information, nor any opinion contained herein constitutes a solicitation or offer by the creators or participants to buy or sell any securities or other financial instruments or provide any investment advice or service. All statements contained in statements made in Nimiq’s web pages, blogs, social media, press releases, or in any place accessible by the public, and oral statements that may be made by Nimiq or project associates that are not statements of historical fact, constitute “forward-looking statements”. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual future results, performance, or achievements to be materially different from any future results, performance, or achievements expected, expressed, or implied by such forward-looking statements. The final decision of implementing any changes to the Nimiq protocol, including its parameters, always remains with the decentralized node operators who agree what version and parameters to deploy and support.