Voting Power

Voting power refers to the influence or authority that the user holds within the network. This power correlates with the token balance the user owns or controls. The weight of each user's vote is proportional to the number of tokens they hold. Therefore, users with more tokens have more significant influence or voting power in decision-making processes.

Operating on the Bitcoin network, Votico uses the protocol that allows to determine the vote weight of not only BRC-20 tokens, but also Runes and Ordinals. In this way the voting power will be proportionally calculated between holders of various assets.

Voting power for each user is calculated on the basis of the voting strategies selected in the project settings.

The voting power of each user is calculated for the state of the blockchain at the specific snapshot (block number at which the proposal started). It means that if the user acquires required assets after the proposal has been created, they will not be taken into account for their voting power calculation.