Introduction 

Q1. Please introduce yourself and your project Finance Vote to our community

Hey all! My name is Nick I’m founder of finance.vote.
I’m a physicist by background where I got a PhD and I have worked in universities as a senior leader for the last 10 years
And now I’m going full time crypto building voting tech!

Q2. What makes the difference between your project and the others?

I give a different answer to this every time because I think we’re different in lots of places. The one that is sticking out to me at the moment is that we’re trying to build a governance system that works for minority token holders.
Most of the governance systems at the moment only work for token whales.
So we’re building a range of governance and consensus use cases that we can get everyone involved in.

Q3. Could you discribe to our community in detail about Market Discovery and Price Prediction?

Yeah so we think uniswap have changed the game in the token space and it’s largely because they’ve built price discovery systems with their AMMs for finding liquidity in new or “long tail” tokens.
We want to make that better by letting people vote on which tokens they think are good.
So it will be a place to discover which tokens people think are the best. It should help us filter out the scams.

Q4. Is the decentralized exchange that you offer the same or are there other features in it that make it interesting?

We’re not quite a decentralised exchange although we aim to interact with many of them. We might interact or even become a kind of DEX aggregator, but how we’re different is that you can pool some money with some friends and trade collaboratively by voting on which coins you like
This is what our social trading functionality will be. You’ll build a shared portfolio and trade it by voting.

Q5. How does your voting system work? And what is the guarantee that your platform can be used even by ordinary people?

Our voting system works on ethereum, if you’ve ever sent a transaction or used uniswap it will be like that. You get a budget of vote power ($V) to spend every week, it just costs you the gas to vote and if you’re right you win a share of the reward pool.
So yes the everyday voter is a major target for us. You just need to buy an identity token to get vote power in every round.
It’s not money that gives you power in the vote markets, it’s being able to pick the market. The best researchers win.

Q6. Could you tell us more about The finance.vote Consensus Mechanism?

Ah nice, you’re the first to ask us about this.
This is a really interesting idea that kept me awake for months when it came to me.
Basically it’s hierarchy of voters. The amount of tokens that you hold gives you status within the hierarchy. If you have the most tokens you get the most vote power.
But, if the next two people behind you have the same vote power as you. And the next 3,5,8,13,21
Each of those layers have the same power as each other. I think. It will stop plutocracy I.e. token whales taking over
Plus you’ll be able to earn tokens that elevate you up the rank. Pretty exciting. I think people will have to see it first hand to really get it though.

Segment 2 Twitter Question

@Mai18315
What’s your vision ultimately? What is Finance Vote  trying to achieve in the longer term and how do you plan to get there? How will your ultimate vision and mission make a difference in the world?

Wow, what a nice question.
Ok our vision is a big one, but we’re getting their incrementally. The first goal is to build effective voting technology.
Then we get people collaborating and learning from one another in our miniDAOs, building informed opinions about what the cryptospace needs and what the best blockchain should do about it.
Then we get people trading and using their insights to get better results in the market.
I guess our vision is to be a decentralised crypto economic hub for the DeFi space.
Which is completely run and maintained by the users.

So you’ll be able to pool ETH in a contract and trade it directly to the DEX space. You send ETH to a pool (you get some share tokens back), you vote on what tokens you want, they get aggregated by consensus and then you hit TRADE and it’s all done in one transaction.

Great question. Adoption is everything. I’ve spent the last ten years researching technology adoption in universities contexts. Getting people to use technology is super hard. Blockchain really struggles with this. But we have the solution, everyone does in crypto in fact. Money. You need to make it worth while to take part in the platforms. We’ll be paying users to vote and they should be able to earn good money from sharing their research with us.

SEGMENT 3 Live Community Question

Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like your?

I would say the reason why finance.vote exists is because I’ve spent tens of thousands of hours over the last 10 years in committee meetings and for about 90% of those hours I’ve been annoyed that decisions aren’t made quickly enough. So I thought I’d invent a voting and governance technology. My absolute frustration brought us here.

What exactly does a person do with Voting Power? Is it possible to vote if you do not have Voting Power? How can people start using the platform without Voting Power?

If you buy an identity you get free voting power forever. Which you can’t actually lose. Even if you’re wrong. You will always have a voice with an identity even if you don’t have any tokens. You’ll earn tokens from voting and you can elevate your voice buy buying some, but it’s optional.

How much is the minimum you can invest in Finance Vote to make a prediction? Are there any limitations? Does it have to be in ETH or can it be in a stablecoin?

You only need 100 $FVT to buy an identity, that could be as low as a dollar (depends on the price of the token). It won’t cost you much at all to join in.
Oops just realised you got two @Winterkom , congrats!

What is your strategy for building a big and strong community? Do you agree that the power of community will make your project grow globally? What services do you offer to the community? Especially in non-English speaking communities, how do you invite them?

We’re spending a lot of time thinking about this. Groups like this are crucial to us. So we will build partnerships with the best ones to support our communities all over the world. We can’t translate ourselves so we’ll need help from your group https://news.cryptoizresearch.com/wp-content/uploads/2019/11/blog4.jpgs here to help us do it. We’re going to run a big AMA in our group next week with some big prizes.

Most of investor just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors to long term?

We really can’t comment on token price too much, but we aim to continually aggregate utility into the token and we hypothesise that value in the token will be proportional to the earning power of an identity and the amount of power the users hold over the network. That’s a long term game.

Southeast Asia is a very vibrant school and there are a lot of development projects here, so do you have any plans to grow in Southeast Asia?

That’s why we’re here! One of our team is based out in this part of the world and loves it there. It’s a big focus for us. We’d like to work with communities in Southeast Asia to tune our product to what you like. We want to build a big international community with lots of languages and cultures. The more different people in a group the better the decision making.

What are the features about your partnership with Kira Network? How does this partnership benefit Finance Vote? What do you both aim to achieve together?

Ah nice find you’ve seen our partnership. We’re working Kira to make our social trading work across the whole interchain space. They have some cool tech that lets you trade and get yield at the same time.

I understand that all finance vote users start with 100 votes ($ V). Is there a way to recharge more once we have exhausted them? Maybe by depositing some money?

The actually replenish automatically, you don’t need to pay at all. You get a base amount of voice for free every week. The only way to make your voice louder in our vote markets is be correct!

Join Telegram Group of Finance Vote (https://t.me/financedotvote & https://t.me/financevote)

Website https://www.finance.vote/