SatoshiChain
  • What is SatoshiChain?
    • 1.1 Phases
    • 1.2 Connect To SatoshiChain
    • 1.3 Solutions
    • 1.4 Characteristics
  • Main Features
    • 2.1 'Clique' Proof-of-Authority (PoA) Consensus
    • 2.2 EVM-compatible
    • 2.3 Decentralized Governance
    • 2.4 Cross-chain Compatibility
  • Background
    • 3.1 Cryptographic Hash Functions
    • 3.2 Digital Signatures
      • 3.2.1 Secp256k1 Curve
      • 3.2.2 ECDSA Signature Algorithm
    • 3.3 Ethereum Virtual Machine (EVM)
    • 3.4 Consensus Protocols
      • 3.4.1 Proof-of-Work (PoW) - Nakamoto Consensus
      • 3.4.2 Istanbul Byzantine Fault Tolerant (IBFT)
      • 3.4.3 IBFT Proof of Authority (PoA)
      • 3.4.4 IBFT Proof-of-Stake (PoS)
      • 3.4.5 RAFT
      • 3.4.6 'Clique' Proof-of-Authority (PoA)
      • 3.4.7 Comparison and Selection
  • Developers
    • 4.1 SatoshiChain Layering Architecture
    • 4.2 SatoshiChain Cross-Chain Protocol
    • 4.3 SatoshiChain Design
    • 4.4 Native Currency of SatoshiChain: The $SC Token
    • 4.5 SatoshiChain Configurations
  • VE Model for SatoshiChain
    • 5.1 Voting Power
    • 5.2 How to Use $veSC
  • Smart Contracts of SatoshiChain
    • 6.1 Validator Set Contract
    • 6.2 Slashing Contract
    • 6.3 Staking Contract
    • 6.4 Governance Contract
    • 6.5 Vault Contract
    • 6.6 Bridge Contract
  • SatoshiChain Staking
  • SatoshiX Decentralized Exchange (DEX)
  • Potential Applications
    • 9.1 NFT
    • 9.2 DeFi
    • 9.3 GameFi
  • Become a Validator Node Operator
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  1. VE Model for SatoshiChain

5.1 Voting Power

Each $veSC will have 1 vote in governance proposals. Staking 1 $SC tokens for the maximum time, 4 years, would generate 4 $veSC. Users can trade in their $veSC tokens for $SC tokens, once the vesting period is over. In the meantime, the user can also increase their $veSC balance by locking up $SC tokens, extending the lock end date, or both. Worth noting is that $veSC is non-transferable and each account can only have a single lock duration. This means that a single address cannot lock $SC tokens for different time lengths. For example, a user will be unable to lock one set of $SC for 2 years and then another set of $SC tokens for 3 years. All $SC per account must have a uniform lock time.

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Last updated 2 years ago