Beam 2023 Week #8 - Let's Vote!
Beam 2023 Week #8 - Let's Vote!
Covering February 20th - February 26th 2023
Download Beam Wallet for: Android | iOS | Desktop | Web
Beam News!
With a big week behind us and another kicking off, let us check out the latest from Beam. This week we will take a dive into the BeamX DAO voting, along with the first vote that is set to kick off in the coming hours. Dive in!
BeamX DAO Voting
The BeamX DAO Voting Dapp went live on the mainnet with the 7.0 release, and the time to use it is now!
The BeamX DAO Dapp allows on-chain voting for proposals that impact the Beam ecosystem. It enables holders of BeamX (the Beam governance token) with the right to vote in full confidentiality, and to have a voice on how the evolution of the Beam ecosystem should progress, with the same exceptional privacy as you are accustomed to across the Beam network.
To get the ball rolling, the first onchain vote will be around the renaming of the BAM, to “Beam Messenger”.
This was somewhat of a swift turn around for the renaming, in order to enable the vote to go into the upcoming epoch, which starts at roughly midnight GMT this evening. This vote is to act somewhat as a dry run for the Beam governance Dapp, getting Beamers familiar with the experience and process of voting before more pertinent DAO decisions coming the following epoch.
Key points on voting:
Is the BeamX locked in the staking contract?
The BeamX deposited into the voting contract can be withdraw at any point from the contract. But, in doing so prior to the end of the ongoing epoch, your voting weight will be reduced by the withdrawn amount (?)Can I deposit in the current epoch and vote?
No. To vote in the current epoch you must deposit into the staking contract before it commences, and leave it there until it concludes.Will successful votes automatically come into effect?
For now the successful votes will still need human intervention in order to enact. Some features this will always remain so, such as the renaming of the messenger Dapp. However, where possible, the long term goal is to have successful votes automatically initiated via smart contracts.
Two of the more serious BeamX DAO votes are relating to the Beam DEX, and the Nephrite stablecoin.
Both proposals will be shared on the Beam Forum with ample time for the community to get familiar and provide any needed feedback.
Expect both in the coming days!
[Messenger Name]
The Messenger has been developed using the same SBBS protocol that Beam uses for transaction communications. This will allow users to send and receive messages from within the wallet. With the recent renaming of the the Asset Minter, it created a double of of the BAM acronym (Beam Asset Minter, and Beam Anonymous Messenger). For this reason the vote that is about to kick off is to rename to Beam Messenger, with a yes or no vote.
To vote for or against the renaming to ‘Beam Messenger’, stake your Beam and vote when epoch #17 kicks off!
Beam Space
The last Beam Space we covered the upcoming launch of the Beam DEX, the latest on bridges, and questions from the community! If you didn’t tune it
Join the next Beam Space:
Day: March 2nd
Time: 19:00 GMT
Location: Beam Twitter Space
See you there!
All Beam spaces are available on Youtube for your listening pleasures! ❤️
Go Beamer Community!
Nephrite!
DAO!
Vote!
Docs!
Build!
