ODIN aims to improve the world through a network of open source cooperatively built mobile applications with a focus on privacy and decentralization.

Let’s start with some definitions:

First — Community Governance: “…community level management and decision-making that is undertaken by, with, or on behalf of a community, by a group of community stakeholders. (Totikidis, Armstrong & Francis, 2005)”

Next — DAO (Decentralized Autonomous Organization): can be seen as the most complex form of a smart contract, where the bylaws of the decentralized organization are embedded into the code of the smart contract, using complex token governance rules (BlockchainHub).

Why Use a Masternode Proposal System at all?

When implementing a community-driven governance model, the strength of the community has until this point been reliant on the altruistic values of those same members governing the community. ODIN Blockchain and similar trustless systems have eliminated this reliance.

Here’s a snippet from the white paper outlining Community Funding and Masternode proposals (two vital components toward the push for true community governance) that work in favor of this trustless model;

“ODIN provides a decentralized and blockchain-based method for allocating development and growth funds through Masternode proposals. Masternodes can vote in a binary way one each masternode proposal put forward. Currently, each proposal cycle lasts for approximately one month, roughly the time between ODIN ‘superblocks’. These proposals are made publicly viewable, and the community is encouraged to debate and investigate them further, before each Superblock. Masternode operators can vote on these proposals through the ODIN wallet console.”

Successful Masternode proposals automatically receive their funding from this community staking rewards ‘pot’…”

(Read more under the Community Funding — Masternode Proposal subheading found in the most current version of the white paper here.)

ODIN’s Masternode Proposal Portal

Special thank you to @Bohica for making the proposal and voting process painless for both proposers and voters alike!

What proposals are currently eligible to vote on?

The current proposal period initiative ready for your vote is an exciting new initiative being put forth by ODIN Society and has been dubbed ODIN LABS.

What is ODIN LABS?

ODIN LABS provides designers and engineers an opportunity to collaborate with ODIN Society in building new C#, C++, Typescript, and JavaScript applications. Easily interface with existing ODIN LABS infrastructure and the ODIN Blockchain now by joining other talented developers in their ongoing development of existing applications and blockchain services with ODIN LABS. Read the parameters around the proposal in full here.

How do I vote?

All masternode holding community members are entitled one vote per respective masternode. For instance, if I have seven ODIN Masternodes I am entitled to vote yes or no or some combination of the two in a sum total of seven times.

The current collateral for an ODIN Masternode is 25,000.00 ODIN Ø

In the event that you are an ODIN Masternode holding member, simply copy and paste one of the following two strings of text into the official ODIN Wallet Debug Console.

To vote yes:

mnbudget vote-many 65d1bcf215016ace7433b43f9026bd21087d7fef9d86e087e91cf155a63a5dc9 yes

To vote no:

mnbudget vote-many 65d1bcf215016ace7433b43f9026bd21087d7fef9d86e087e91cf155a63a5dc9 no

I highly encourage reading the proposal in full here.

Where do I find out more about ODIN?

Discord Reddit Telegram ODIN Blockchain M.A.S.H. Odin.Chat

Read more about how to get Ø(ODIN) here.

Come on by our discord and be the first to @ [nondescript | ODIN] with the following message “Safety goggles online at all times when working in ODIN LABs” to get 50 free Ø (ODIN COIN).