Vote for Appointment of ICO Investment Committee

  • Feb. 26 – March 12 Apply to be considered as a candidate for the ICO Investment Committee
  • March 13 – April 11 Review candidate biographies. Ask questions on the AICOIN forum.
  • Saturday, April 7 3PM UTC. Ask Me Anything Event will be held on the AICOIN SLACK Channel.
  • Voting Thursday, April 12 noon UTC – Sunday, April 15

Introduction to XAI Voting

You will be voting on issues related to AICoin and The Collective directly through the smart contract.

XAI must be held on the AICoin dashboard or offsite in a private wallet to vote. It is not possible to vote tokens held on an exchange including the First Global Exchange. Contact First Global Support to move tokens from the FGC Exchange to the AICoin dashboard.  The deadline to move your XAI before the vote is 12 hours in advance of the polls opening.

Library of past votes.

Voting through the dashboard

Click on the link to access the online ballot centre.

From this page you can view the result of past votes, a calendar of upcoming votes or place your vote for the current ballot.

To vote, click on the Ballots in Progress link to be taken to the page with the current issues on it and make your selections.

When you click the vote button you will be asked to confirm your selection which will register your vote. Once you have confirmed your ballot it cannot be changed.

Voting from offsite wallets

There are a couple of steps to set up to vote from an offsite wallet. You will need to:

  • Run the AICoin Wallet from your computer. To do this download the zip file holding the AICoin Wallet software from the AICoin github page. Unzip all the files and then click on index.html which will open the wallet in a browser. (Please note that problems have been reported running the browser from Microsoft Edge.)
  • Click on the settings link to connect to open the dialogue to connect to an ethereum node.

If you do not run a node from your local computer you can connect to a node by creating an account with infura.io. After you create your infura.io account, copy the mainet URL and paste it into the settings page in the AICoin wallet. You will see the connection to the node being made.

  • After you make the connection visit the current ballot page to make your voting selections.
  • When you have voted, enter your private key. The key will be used to sign the voting transaction locally, this will commit your votes to the blockchain and then they cannot be changed. Your private key is held locally and is never sent to our servers. (The Github link includes all the source code for review.)

Voting Details

How votes are counted

Votes have a proportional impact on the decision based on the value of the XAI held at the time of the vote. This means a wallet holding 10,000 XAI will have a greater weight in the results than a vote made from a wallet with 10 XAI.

Trading XAI during a vote

Token holders must be holding their XAI either in the XAI dashboard or in an offsite wallet. It is not possible to vote tokens held on an exchange and this includes the First Global Exchange. You can request that support move tokens currently located on the Exchange to the XAI dashboard for the duration of the vote, and then back again after the voting is closed. Deadline to request your XAI to be moved is noon UTC three days in advance of the vote.

A final settlement will be done by midnight UTC the day before the AICOIN vote. This will allow those keeping XAI in the dashboard wallet the ability to see their exact XAI position for the upcoming vote. At the same time, midnight UTC the day before the vote, the dashboard will go ex-vote. Trading can continue after ex-vote but no trades will be settled until after the polls have closed on Sunday. (However, the position will be reflected in your dashboard for any trades carried out during this time.) This means buying and selling can continue as normal but you will only be able to vote using the coins that were in your account at the time the dashboard went ex-vote.

If you are holding your coins in your own wallet please be aware that coins that have voted cannot be transferred until after the ballot is closed. (The smart contract prohibits these movements.)

Additional voting information

Voting is not mandatory. If votes are not used by token holders they will not be used by others. Votes carried out from the dashboard will be visible on the blockchain so you can validate that votes have been cast as directed. However, the signing of the voting transactions takes place offline for security and are then published onto the blockchain. This will be done intermittantly during the voting period.

Placing a vote costs a small amount of ether. For those holding their coins on the AICoin dashboard, costs will be covered by AICoin. Those holding their coins offsite will need to place a small amount of ether as Transaction Gas in each wallet address that holds your coins.

April 12 – 15, 2018 Ballot Details

Pending

Ballot item #1 Elect Collective members of the ICO Investment Pool Committee.

You willl be voting on the members of the collective that will stand on the the three person ICO committee. This committee will be created with the authority to invest on ICO investments on behalf of the collective. Two members will be appointed from the AICOIN Collective and one member will be appointed from the service provider. Because of the speed of the ICO markets, this committee will have the authority to make the decision to invest in ICOs and to sell tokens with certain limitations. The service provider will place orders on behalf of the collective, based on the instructions issued by the ICO investment committee.

How the votes are counted

You are given the opportunity to vote for one committee member. The individual with the most votes will have a two year term and the individual with the second most votes will have a one year term. Subsequent elections will be for 2 year terms. Therefore we will have the member terms staggered, with one coming up each year for filing.

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