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DAO

HGT (Hive Governance Token) is a fundamental part of Project HIVE DAO’s ecosystem. Holding HGT provides voting rights for every DAO initiative. Voting power varies and is linearly changing based on the % of the total number of tokens users own, taking part in a voting for a particular event.
The power of the community
Users acquire a voting right by holding HGT and taking part in voting events. When the DAO event takes place, users choose to take part in a voting process. HGT holder has to choose the number of tokens to reserve for a particular pool. User voting power will then be calculated as a % of user’s HGT, reserved for a particular voting pool, compared to a pool size.
Player
Total HGT on personal wallet
Reserved HGT
Tokens in pool
Voting power
1
2564
2564
195678
1,31%
2
101000
5000
195678
2,56%
3
324
324
195678
0,17%
4
110
50
195678
0,03%
5
23000
1000
195678
0,51%
6
81
81
195678
0,04%
7
5577
1000
195678
0,51%
8
67990
30000
195678
15,33%
9
38700
35000
195678
17,89%
10
11000
3000
195678
1,53%
11
11001
7000
195678
3,58%
12
35007
35007
195678
17,89%
13
652
652
195678
0,33%
14
125000
60000
195678
30,66%
15
19800
15000
195678
7,67%
As you can see in an example, voting power depends on the reserved tokens amount for a particular pool. User 2 has the biggest total amount of tokens in his wallet, but as he reserved only a small portion of those, his voting power is pretty limited for this particular event. User 12 reserved all his tokens, so his voting power will be rather high. On the other side, he won’t be able to take part in another event, until the current pool is over and reserved tokens unlock, because all his tokens have been reserved.
Initially, we provide a very limited number of events which could be voted for within the DAO ecosystem. The number of events will be widening slowly, but steadily, based on the game development and stabilization of in-game economy.