Show Posts
1
Stakeholder Proposals / Proxy: cryptobridge
« on: February 12, 2019, 07:23:01 pm »
Challenges
During the past few months of market downtrend, many projects in the digital asset economy have been forced to make difficult choices and pursue alterations to their original plan of action to ensure continued survival. With BitShares, the decision making process around those choices is determined by voting on proposals submitted by stakeholders. Being that CryptoBridge is built on the blockchain’s platform, it bears responsibility in being involved.
All stakeholders have voting power, but smaller stakeholders (whose voting weight has less impact) are able to set up a proxy to vote in their interests. As a large stakeholder in the BitShares ecosystem, we have decided to become a proxy to represent the users of our platform. CryptoBridge generates over 80% of the volume on the BitShares Network and thus has an extremely relevant voice to share in the network.
With CryptoBridge acting as your proxy, we will make sure to vote for proposals and witnesses/committee members that will bring BitShares and CryptoBridge forward into the arrangement that is most balanced in serving users and the ecosystem at large.You can set your proxy settings to account 'cryptobridge'.
Proactive Steps
In light of these considerations, we have recently reached out to the BitShares Committee members and we have chosen to to assume a role of greater responsibility by being more involved with the direction that BitShares takes as a whole. Aside from encouraging our users to set CryptoBridge as their proxy, we will begin to coordinate with the committee to assist with communicating relevant and important developments to the greater user base at large.
During the past few months of market downtrend, many projects in the digital asset economy have been forced to make difficult choices and pursue alterations to their original plan of action to ensure continued survival. With BitShares, the decision making process around those choices is determined by voting on proposals submitted by stakeholders. Being that CryptoBridge is built on the blockchain’s platform, it bears responsibility in being involved.
All stakeholders have voting power, but smaller stakeholders (whose voting weight has less impact) are able to set up a proxy to vote in their interests. As a large stakeholder in the BitShares ecosystem, we have decided to become a proxy to represent the users of our platform. CryptoBridge generates over 80% of the volume on the BitShares Network and thus has an extremely relevant voice to share in the network.
With CryptoBridge acting as your proxy, we will make sure to vote for proposals and witnesses/committee members that will bring BitShares and CryptoBridge forward into the arrangement that is most balanced in serving users and the ecosystem at large.You can set your proxy settings to account 'cryptobridge'.
Proactive Steps
In light of these considerations, we have recently reached out to the BitShares Committee members and we have chosen to to assume a role of greater responsibility by being more involved with the direction that BitShares takes as a whole. Aside from encouraging our users to set CryptoBridge as their proxy, we will begin to coordinate with the committee to assist with communicating relevant and important developments to the greater user base at large.
