When you redeem your KMD after the ICO, you will have to vote. In other words the first voting process is embedded to our ICO. After the notary nodes have been selected the network will officially launch and we distribute the coins. There will be enough time reserved for the voting, that even the BTCD investors get a chance to do the swap and vote.



What about the next election?



If you have paid attention, you have noticed that we haven't talked about the other elections at all... that is because the election process beyond the initial one is still wide open.



We won't make any decision until later, as this is not the development priority. However we have speculated about different possibilities, and the most prominent one is to have periodical elections where some of the candidates are voted out for a re-election. This would drop out the bottom performers and incentivise the notary nodes to perform.



A warning to notary node operators



If you are thinking about setting up a notary node, there are some financial risks involved. There are two issues, 1) no one can guarantee you will get elected, 2) the final notary node number depends on our budget



We are planning to add a field for percentage of subsidy required. That means that each notary node candidate can decide how much guaranteed subsidy they require per node.