The unclaimed tokens will be used to support and fund projects and initiatives that are important to the IOTA community ecosystem via future votes.
The unclaimed tokens will be removed from the IOTA ledger, and the total supply will be reduced by the number of tokens held in the unclaimed treasury pool.
The pool of IOTA tokens up for a vote in this decision originates from 2 events:
No spending from the unclaimed token pool output happens until the community decides so.
The node operators will only accept and agree to unlock the tokens in the chrysalis network and move them to a new address if the following requirements are met:
The community can use the Treasury website and voting system to propose
the future governance structure and vote on those proposals.
A team of community developers will build this system for the community.
The system will need to be tested and fully audited before the node operators can move the tokens into the control of this system.
Once the system is built, activating the system will require a final vote by the community.
If this vote shows that the community is satisfied with the system, node operators will migrate the treasury tokens into an address controlled by the system.
From this point on, the community can use the system to spend funds from the treasury after successful votes on spending proposals.
The pre-vote period is a seven-day time frame which should guarantee that every voter has enough time to cast a vote before the time-based counting of votes starts. In these seven days, you are free to cast a vote, change a vote, change the number of tokens used in the vote whenever you like. The nodes will consider your last taken decision in the upcoming counting period.
In these ten days, the nodes will count the vote you have cast during the pre-vote or the counting period. Every milestone (10 seconds) in this counting period will add votes according to your used token balance to the total vote count. Counted votes are not reversible or changeable in this period. So every change that you make on your current applied vote will only affect the upcoming milestones and the vote count during these future milestones.
Yes, you can always move your tokens. The votes that have been counted until you decide to move your tokens will stay valid and are part of the total global count.
The community has decided not to introduce any limitations. Limitations would not be adequate: everyone can split large wallets into smaller ones. Therefore it will not be possible to find out which wallets belong together and enforce limitations.
If you wish to do this, you need to create two separate wallets inside your Firefly profile and allocate the IOTAs that should vote for Build in one wallet and the IOTAs that should vote for Burn in the second wallet. After that, initiate the voting process for the first wallet, complete it and then do it again for the second wallet for the other opinion.
All hornet node operators can count the votes with the implemented "participation plugin" in the node software. They produce a file with the exact counting results of their node. Those files can be compared and verified by the community. Also, nodes can open a so-called "API endpoint" where everyone who knows this endpoint can see the current counting of this node.
You can see how different addresses voted, but you cannot know which addresses belong together in a wallet or belong to a person.
You will have access to the current count of the Iota Foundation and some
Also, the Firefly Wallet will display you the current count by the IOTA Foundation nodes directly in your Governance Dashboard.
In that case, you will not be able to vote.
No, never. The website will never access your tokens or your seed or passwords.
If the tokens are on an exchange, you are technically not the owner of the tokens, as you do not have a private key. So you cannot vote with tokens on exchanges. We assume that exchanges will not take part in the vote. Most major exchanges state this as part of their policy: they will usually not use the tokens they hold to participate in any governance activities of projects.
Yes, your vote is public, like all transactions and messages in the Tangle. The vote is a value transaction with attached metadata in the indexation payload. As long as no one knows that the address you use belongs to you, the vote is private.
Exchanges will not include any voting options on their platforms for this vote. Everyone who wants to participate in the vote will need to withdraw the tokens from exchanges.