Last month we saw the momentous launch of the NavCoin Community Fund which generates 500k NAV per year to fund community based proposals. Thus far there have been 11 proposals created and a lot of discussion and activity from the NavCoin Community.

For CFund proposals to pass, there needs to be at least 50% participation in voting by stakers and a 75% acceptance rate within that quorum of voters.

So far, we’re seeing around 40% participation and we are calling on all stakers to get involved in this process and cast your votes. This is your opportunity to positively influence the NavCoin community in ways which has never before been possible. It’s in your best interest to have your voice heard and cast your votes either way.

Of the top 20 staking addresses, 10 are not voting either yes or no and we need as many people to participate as possible for this process to work.

If you recognise any of the addresses below as yours, please check your configuration and make sure you’re voting for the proposals you want.

Non Voting Top 20 Stakers

NeDXdkRkqDxav1KX5JxDLevGiSLDuhEBVY

NRBYVTsHm1dZ8Gjw6NpJZkN8Un1CsPKMSR

NfHBNjeJafvz6XNa2BRjL8veqqv2eWobmN

NfznSzJXvcvVGpofp6c6SBe29qS2c92EKS

NTXkiktTmaaRqoArKbaMbsgn6mGUGrxPDh

NYJSZaKvGizJeDzj8xtJdb6q36hoVYv3ZL

Nd3PnP52Y7sjFcWMp9crZ3vLqbaXqznaec

NizCFXinu6fkyB1yyLt9eFXkQYGHFEvsCJ

NP4fZRahkXXNmdRv9gFFKJNKW9oDV7GtER

NiJyHqhQQx5zeozU23gkXgy5gBgcvF13LE

How to Vote

You can view the proposals which are currently being voted on here:

Depending on how you’re staking there are a few ways to vote. The universal way is to add the vote directly to your navcoin.conf file.

to vote yes:

addproposalvoteyes=<proposal_hash>

or to vote no:

addproposalvoteno=<proposal_hash>

Repeat for each proposal you want to vote for.

NavCoin Core

Open the debug window and use the command proposalvote followed by the proposal hash and whether you’re voting yes or no.

proposalvote <proposal_hash> (yes or no)

Repeat for each proposal you want to vote for.

The same command can be issued to navcoin-cli if you’re using the daemon.

NavPi

Go to the Control menu at the top then click on the All Commands button. Fill in the form as follows.

Command: proposalvote First Variable: <proposal_hash> Second Variable: (yes or no)

The press the Issue Command button.

Repeat for each proposal you want to vote for.

NavCoin NEXT

There’s a handy youtube video which shows the voting process in the NEXT wallet which you can view here:

Further Assistance

We realise this isn’t the easiest process currently and we’re working to make it simpler to engage in the voting process. Over time the community will release more tools and resources to help smooth out this experience. If you are having trouble casting your votes, the best place to connect with the community and seek personal assistance is on Discord or Reddit. We want each and every staker to take this opportunity to participate in this revolutionary form of direct democracy.