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Of course i know what"proposal" in natural language means. But what is it on the Hive ànd what are the consequences for the voters? Is it a standard vote? What do the creators of proposals want to achieve with it and how does it work for them? Who can submit own proposals and for what kind of issue is it for?

Questions after questions... I hope someone can explain it to me and the other newbies out there. :-)


tobias-g3 months ago

Proposals allow users of Hive the ability to publicly propose work they are willing to do in exchange for payment. For example, Quello is currently running a proposal to aid the development and growth of https://quello.io

Anyone on Hive can submit a proposal, there is a small fee of 10 HBD to prevent spam, however, it's fairly accessible to anyone at that rate. Proposals themselves are usually focussed around providing value to Hive, this could be in the form of development-related work or potentially something related to marketing or exchange listings.

Anyone can vote on a proposal, however, it's not the same as voting on a standard post. The easiest way to view and vote for proposals is to use peakd.com. If you visit https://peakd.com/me/proposals you're able to see all the proposals that are active or upcoming, within each proposal you can view details surrounding the proposal and then choose whether or not you would like to support it. It uses stake-weighted votes, but voters can vote for as many proposals as they want.

For a proposal to be funded it needs to achieve more weight that the highest return proposal, this currently means that it needs to achieve around 22 million HP of votes to be funded.

When a proposal is funded they will receive funds every hour based on the total amount they requested, a proposal can jump in and out of being funded based on the votes it recieves throughout the proposal. For example, if it was a 1 year proposal it could be funded for the first 6 months however based on votes could stopped being funded for the second half of the year.

I'm sure this will likely spark more questions, so feel free to ask 👍

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