Nodes are the core of the construction of the public ecosystem basis of GSC. It is of great significance to the sustainable and stable operation of ecology. Since its launch, GSC has won the support of a great number of users, project partners and cooperation partners. Now we decided to improve the rights of the GSC holders and to give them the right to participate in the decision-making process of the community. The users holding GSC can vote and witness the emergence of candidates. The voting rules are as follows:
- Voting period Pre-vote time: 2018-05-30 12:00 ~ 2018-08-21 23:59
Voting time：2018-08-22 00:00
The time of this article is：UTC - 8 time zone（Beijing time）
- Preliminary voting phase Time: 2018-05-30 12:00 - 2018-07-09 23:59
Candidates have to sign up, fill up the basic information, carry out the community propaganda, public the vote address and update the score list. At this stage, the participants and common users can go to the website and vote (the candidates can use tokens, and users need to store it in the wallet). A number of candidates with ensured nodes are selected preliminarily through the votes of real addresses, designing the candidates campaigning and PR links.
- Testnet phase Time: 2018-07-10 00:00 - 2018-08-19 23:59
The node candidates will exchange the test tokens according to the number of GSC votes published in the first stage. Other users receive the test tokens through the testnet (GSC block chain browser, wallet) as a pre vote. The testnet selects 23 nodes from the voting results, and then makes the block and give rewards.
- Mainnet online phase Time: 2018-08-20 00:00 - 2018-08-20 23:59
According to the voting results of the previous phase, a qualified node is selected as the first-round candidate.
- Blockchain creation and currency transfer phase Time: 2018-08-21 00:00
The blockchain will be officially launched in August 21st, at 0 a.m. Beijing time. Users has to transfer GSC's ERC20 tokens to the Exchange, and the Exchange connects them with the speed chain, then the light chain connects the same amount of GSC net tokens with the Exchange.
- Light node campaign and reward phase Time: 2018-08-22 00:00
It is the first time the token holder votes. The user uses the wallet to carry on a normal election and the voting link. The 23 most-voted light node candidates will be formally become the light chain of GSC light nodes, and packaging transactions into blocks to obtain relative GSC rewards, to this cycle of continuous campaigns.
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Basic score: Official address, company information, team list and photo, team introduction;
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Operation score: Local social app, annual community support plan, live broadcasts advertising, MEET UP advertising and community publicity;
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Technical score: Test nodes, hardware expansion plan, server location, types of servers, servers’ configurations and technical plan for budget expenditure;
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Lock position score: The more and earlier the GSC is chosen, the higher the score is.
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User vote score: Users can vote for a candidate with the wallet address.
Non-voting score includes: basic score, operation score and technical score, 1 point per score criteria, a total of 15 points.
Votes score = lock position score + users voting score, automatic statistics of robotic services by voting;
Final campaign score = non-voting score * 10,000 + voting score;
Score update time:
Non-vote score: it is manually reviewed by a third-party rating agency and updated at 20:00 every day.
Vote score: automated testing of the amount of GSC in the wallet by a voting statistics robot service, it is updated in an interval of every 3 minutes;
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Official address Give an official name to the project. Provide an official website for members of the community. The information in the official website shall be consistent with the team information provided. If the criteria is met, 1 point is received; otherwise, 0 points.
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Company information: Provide relevant information and introduction about the company. If the criteria is met, 1 point is received; otherwise, 0 points.
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Local social app: Provide the link of the social app as Telegram, Facebook, Wechat, etc., It shall have more than 500 fans. If the criteria is met, 1 point is received; otherwise, 0 points.
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Community support program: The candidates have to design their own plan. The plan shall be a support program for the community in GSC and with no less than 200 words for the next six months. If the criteria is met, 1 point is received; otherwise, 0 points.
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Team list and photos: Counting the founder, the team needs more than 5 people. The photos need to be included in the campaign information. If the criteria is met, 1 point is received; otherwise, 0 points.
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Team Introduction: Including the founder, it is needed the introduction of more than 5 people. If the criteria is met, 1 point is received; otherwise, 0 points.
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Live broadcast advertising: During the live broadcast, the content related to the participation in the GSC speed node election shall be uploaded to the campaign website with a screenshot or share a link of the broadcast. If the criteria is met, 1 point is received; otherwise, 0 points.
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MEET UP advertising: To promote content related to participating in the GSC speed node campaign at MEET UP, you need to upload photos or links to relevant news reports to the campaign website. If the criteria is met, 1 point is received; otherwise, 0 points.
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Community propaganda: A screenshot of the election of super delegates within its own community has to be provided in the data section. Score will be judged according to the number of the members of the community and the degree of enthusiasm, the highest score is 1 point.
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Test nodes: The applicant needs to build his own test network node and open the RPC port and open the RPC port to check whether the nodes are connected. The test node can be considered valid when the block is synchronized. If the criteria is met, 1 point is received; otherwise, 0 points. Note: this item will not be included in the competition until July 10th, until the online website is tested.
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The hardware expansion plan: Hardware expansion plan after August 20th, the candidate's plan should consider the improvement of the performance of the node, and the performance of the verified node is mainly evaluated from three aspects:
(1) Speed: the direct node performance, hardware configuration parameters, and data processing speed fast enough;
(2) Dual computer backup: this is stability, data security performance factors;
(3) In addition to verifying nodes, it can also provide multiple Fullnode and provide better API services to others.
According to the above criteria, the content of the submission of the election shall be graded according to the circumstances; the highest score is 1 point.
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Server location: Clearly explain the location of the server. If the criteria is met, 1 point is received; otherwise, 0 points.
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Server type: Cloud or bare computer or other types of servers need to be specified. If the criteria is met, 1 point is received; otherwise, 0 points.
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Server configuration: The server is configured before August 20th with the official recommendation as a qualified line (recommended configuration: the SSD storage (EBS) 25G bandwidth of the x1.16xlarge 64 core 1T memory 20T). At the same time, three aspects of performance mentioned in the expansion plan will be evaluated. According to the above criteria, the content of the submission of the election shall be graded according to the circumstances; the highest score is 1 point.
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Budget expenditure: Give a clear budget line. If the criteria is met, 1 point is received; otherwise, 0 points.
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The lock position vote score: The GSC operation will assist the candidate to transfer the GSC to the designated official address. The voting formula is:
Lock position vote score = GSC amount of lock positions×（1 + 0.3×(1 – N day÷ 110days)）
As for party A, the 10th day after the activity began, 100000 GSC will be transferred to the official address to lock up, the score = 100000 x (1 + 0.3 x (1-10 present 110)) = 127272 points, can increase the lock up at any time, the lock up vote score will increase accordingly and unlimited. In other words, the larger the number of lock position is and the longer the lock time, the higher the score. The GSC’s lock position will be returned to the candidates' wallets by the authorities after the vote.
- Users vote score Users login to the registered campaign website, bind the wallet address in the background, and transfer 0.1 GSCS to the officially designated wallet address before voting due to verify the validity of its address. Users can vote for one candidate (one wallet address accepts one vote only. Only can change the vote 3 times within 24 hours), the robotic vote counting will test the number of GSC in the voting wallet every 1 minute in the background. 1 vote, 1 point and there is no upper limits.
[What is a speed node? ] GSC's consensus mechanism uses ADPOS (Account-Delegated Proof-of-Stake), which is created by a trusted account (the trustee, the top 23 in the number of votes) elected by the community. The speed node refers to the collection of transaction information in the GSC network and the nodes packed into the block, also known as "the block producer (Block Producers, BPs) ", its feature is that the block time is short, high efficiency. The node is the basis of the GSC network, the 23 trusted accounts are GSC speed nodes (and there are 50 standby nodes), which produce all block records of the GSC network. In other words, the reason why GSC wants to choose the speed node is determined by the ADPOS consensus mechanism.
[What is the function of the speed node? ] (1) Collection of transactions in the network;
(2) Verify the transaction and packaging transactions into the block;
(3) Broadcast blocks to other nodes, after the verification, add blocks to their local block chains.
[What are the rights and interests of the speed node? ] Node rewards: the average annual income of the reward nodes is 1 billion GSC x 6% ÷23 ≈ 2.6 million GSC;
Note: the final 23 nodes that are elected, and the average annual income of these 23 nodes is about 2.6 million GSC.
[Why should the candidates participate in the pre vote? ] (1) You have to let more GSC owners know you and unveil all your information as early as possible;
(2) Try to get more GSC users' support and understand your own possible ranking in the entire election.
(3) Gaining influence in the centralization of the GSC community in order to assist better the development of the GSC community as a whole.
[Why do GSC’s users participate in the pre vote?]