Bitcoin Forum

The digital world is full of surprises, innovations, and upgrades. This is evident in the spectacular transformation of traditional gaming models into digitalized ones, also referred to as decentralized models.

Traditional gaming models are mostly free-to-play and pay-to-play in which players hustle their way through the games, pulling through thick and thin, just to spend some in-game assets on special features which are at the mercy of the developers. That is how a centralized model operates. As a result, decentralized models were developed and they can be seen in today’s play-to-earn (P2E) games and vote-to-earn system.

Vote-to-Earn: The Game Changer

Although there are several amazing developments in the Web3 space, the next big innovation is the Vote-to-Earn (V2E) model.

As opposed to other systems, the vote-to-earn system allows players to have a say in the affairs of their space just by voting. You do not have to take your time to complete any serious tasks except making your voice heard. And honestly, who doesn’t want to be heard?

Bottom line, is it worth it?

Imagine a world where you can experience the real meaning of democracy. A world where you can make decisions without interference. A world where your voice matters. A world where you get paid for taking your time to vote.

Time is money, and with the vote-to-earn model, you are sure to get rewarded for your time. You might want to ask: P2E games pay me for my time while playing. What else do I need? Well, the answer is simple.

The vote-to-earn model is here to fill the void created by the other models. But how?

Most Web3-based systems preach that they deliver a mixture of fun, excellent services, and perhaps, rewards. Truth is, most of them fail to deliver as promised.

For example, there are P2E game developers who do not focus on getting the games right. Instead, they influence players, making them believe that the main aim of playing games should be to make money as opposed to the original aim — fun.

As such, many players do not derive the pleasure they should but still play because the monetary incentives are what keep them playing. That is why the vote-to-earn model takes us back to the initial mindset whilst doing what it was designed for. Games should be fun and earning, an addition. In the same way, voting can be fun and you deserve to earn while having fun.

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Your Chance to Vote, Impact, and Earn

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Vote-to-earn allows you to play an active role in any Web3 community, analyzing various scenarios and voting for your preferred outcome or option, as required. By signing up for a V2E platform, you can get exclusive access to a Social Voting Indicator (SVI).

The SVI provides you with details of your votes as well as live votes of other users. This way, you can monitor voting activities in your community relating to different subjects including cryptocurrencies, sports, and stock. Also, the SVI uses a unique algorithm that shows you how much an option was chosen as well as the total success rate. This can help you to make more informative decisions.

It is noteworthy that the SVI is the world’s first Social Voting Indicator, displayed as an oscillator with a reading from 0 to 100. Considering a scenario where a coin is on the buy/sell scale, the SVI will display a reading between 0 and 100. A reading above 50 indicates that more users voted ‘BULL’, meaning that there’s a high tendency for the coin’s purchase. On the other hand, a reading below 50 indicates that more users voted ‘BEAR’, meaning that more users will likely sell the coin.

A second example is an upcoming football match between Liverpool and Manchester City. If this is the voting subject, every user will vote to predict who wins. Thus, any SVI reading above 50 indicates that more people supported Manchester City. Likewise, if the SVI reading goes below 50, it indicates that a larger percentage of votes is in favor of Liverpool. The key takeaway is that VoteToEarn helps you to become a better decision-maker.

Additionally, you get to earn in-house coins and cash them out. You can collect unique NFTs as rewards, after which you can either swap, sell, or hold them.

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How It Works

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Just like crypto mining in which you combine time, energy, and equipment to produce new cryptocurrencies, the vote-to-earn model acts like a mining model. But in this case, your vote does the mining. That is, the more you vote, the more your mining progress speeds up.

The native token allocated to the VoteToEarn system is the PAX (BEP20) token. It is a social token. All 21 million tokens are allocated exclusively to VoteToEarn and can only be mined and entered into circulation by using the system.

As explained earlier, your vote prompts the mining process. Every vote contributes to the Coin Mining Process (CMP) which is determined by multiple parameters including the miner’s type and voting effects on the SVI (Social Voting Indicator). The more you vote, the more you increase your CMP.

Every time a miner achieves the goal of 100 CMP a block is signed as proof of vote (PoV) and the block’s reward is released.

The rewards for PAX (BEP20 token) mining are reduced by half every 210,000 blocks. The first mined of PAX would earn you 50 PAX for mining one block. In block number 210,001 this was halved to 25 PAX. In block number, 420,001 the earn for one block will be 12.5 PAX, etc.

To get started, you need to become a member of one of VoteToEarn’s partner apps and start to vote from any mobile or web device.

Coin Parliament is one of the many V2E platforms where you can earn while getting your voice heard. The platform offers you access to its unique SVI in addition to its other features.

VoteToEarn is a revolutionary way for people to voice their opinion, allowing them to exercise their democratic rights in industries including sports, stocks, and cryptocurrency.

Coin Parliament allows you to view voters’ profiles which are consistently updated by the multiplicative weights algorithm. This algorithm allows you to view profiles based on factors like voting volume, time frame, and success rate. Interestingly, you might decide to keep an eye on parliament members who have many accurate results.

Through this well-designed framework, you can access knowledge on various voting subjects. This way, voting processes are more transparent and accuracy is achievable, resulting in well-improved investment decisions.

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Pool Mining
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Similarly, you can earn passively when you invite your friends to join your mining pool. Here, you will be earning on every vote they cast. Simply invite your friends via your social media handles (Facebook, Twitter, WhatsApp, etc.). Afterward, ensure that they join and vote. And that’s it! Your friends’ votes will increase your CMP and eventually increase your earnings.

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Final Thoughts
VoteToEarn has a lot of potential that you can tap into. If anything, venturing into a model that boosts your critical thinking and decision-making skills is a worthy investment.

Coupled with the fact that you can earn passively, you are free to access other users’ profiles to cross-check your decisions. Not only that, VoteToEarn offers you a live vote monitoring opportunity where you can see how the votes are going. As such, you are sure to make careful decisions before voting. With a functional framework and unique strings to pull, we recommend that you join VoteToEarn today

How many different business models have appeared on the crypto market. But all of them, in my opinion, have one big problem: they do not stimulate participants to develop this business model and the token or coin that supports this model. The majority of people come to these projects for earnings and are not interested in the project itself, its features, etc. The goal is only one: to make a quick buck, preferably involving the connection of many accounts and profiles. Over time, no matter what interesting models developers offer, they all fade away, the price of the token falls to the bottom and the community migrates to some new offer. As long as people don't want to develop projects and only come for earnings, all these models will continue to crumble over time.

It will just be gamed liked anything else and then become a useless toy that is never used for anything meaningful.  Incentivizing something like voting will not get any better results, just more bots doing the work.  How would you defend against that?

Any project with To Earn is in my blacklist.

There are enough projects and lessons from them for people to learn. Earn, do you think there are available money source for people to earn after spending initial capital and can play, move, run, read, vote ... to Earn forever

It is unrealistic and you should quickly realize it if you are not too greed.

Participants just want to have income, they will buy and sell as soon as they are profitable, and the project just wants to attract investors and then run away with investors' money. But this project has no durability they are just bump and dump projects, whoever is quick is the winner, the last one is the loser. These trends do not have any technology or do not create a sustainable pattern, the best way to relieve headaches is to stay away from them, participating in these projects is more thrilling than gambling.

IMO, a project with this sytem is just like doing "airdrop" task.

Busines model project like this is not really unique from my experience and there is nothing to do with the development & use-case to the real-world as well. Did you think there are gonna to have investor for this one ?

I don't really to see a success on this.

At the end the fatal flaw of all of those models is that they need an ever growing user base to keep themselves in business, and even if the human population on earth is huge it is not enough to sustain a business model like this, it is because of this all of those do X to earn fail and the main reason why they will keep failing, another problem is that they are very vulnerable to bots, and while it is easy to say they will stop bots if even a company like Twitter cannot do it why should we believe they can?

From what i saw after Playing with DEFI there is actually one or two project you can earn just by vote in couple of DAO so i thinks is not pretty new especially with DAO that do funding to other project

That’s something new and hearing for the first time. Good that community is being imaginative at level which was impossible to think of before crypto. Now all the vote of confidence has increased day by day and we can safely say there are minds who are making real use of crypto space.

I am just not sure how the whole system would work in the long terms.


I mean the protocol looks simple and there are little bit chances of breaking the system. Though multiple accounts and greed of earning quick cash has never stopped scammers, it could breach with unfair voting too.

I just hope that they have taken care of those loopholes too. Rest system looks really unique.

The risk here is when voting is done only for the sake of earning. That would only provide a wrong or fake result. That's what happened to surveys that provide incentive to participants after they finish answering all the questions. Participants are not really thinking before giving an answer. They couldn't care less of the result anyway. What they are after is what they can get after finishing the survey. So questions are hastily answered, possibly not even read.

I think it happens because the developers itself are also only targeting to thicken their pockets instead of continuing to develop them so that they can develop to good track and many projects whose ideas are not relevant to the needs of the crypto world itself.
Seeing new projects grow and die in a fast time will always be there because sometimes the ideas they develop do not provide any solution.

Likewise with the idea of this project vote to earn, the focus that follows this project will only be on earn because there is never a guarantee of how long they will last and people definitely don't want to waste time just supporting a project without getting a profit

-  I remembered during the peak of defi games, at that time and time I was able to invest in a game under Defi games Mydefi games, which later was just hyped and the characters were not used in the game.

Now here anyone can make money by voting, am I correct in my understanding? please correct me if I'm wrong. Then if I look at him, the task is easy, it's just that usually with simple tasks like airdrops, in the end, those who do the task are not given or paid.

The project that i mention is the NEWO NewOrder Token that live on Ethereum chain. Basically after you vote they airdrop some token but its not everytime if i dont mistaken.

But the OP said is project that 100% vote and earn is that even possible

This is one of the new ways to hype or get the attention of people.  I can see one of the major flaws here is that it can be exploited by having many mobile devices if the price of the token is good enough to capture the masses into doing the designated task to earn.  Another flaw here is the fund to support the coin market that can keep the interest of people and attract more to participate in the said Vote to earn activity. 

I have some questions, how can the project maintain the market price of the token since we all know the V2E process is rewarding tokens by doing tasks and no money involved?  No one wanted to do stuff that will not yield them profit in the long run so If the project sustains the market price, it is possible that people will turn away from the project.

Just like many other hypes, _ to Earn projects, they may attract interest at the beginning.
But once people are seeing that it is hard to earn money, they will jump over to the other projects.
Just look at several P2E gaming platforms, some already abandoned their platform.
Now, the V2E projects won't succeed if they can't get enough people to continuously support this kind of project.
I am seeing that the interest will be the bottleneck here, how long they can sustain people to patronize their platform?

I’m getting more curious about this, is this a new way to promote a project by hosting a voting system and if you get more votes you automatically get listed on exchange and the project will be recognized? I’m actually not familiar with this one but if it’s just a simple vote and simple task, then I think many will participate on this.

The concept is good but there will always be ways to abuse the system, take the money out, and then the devs will not bother reviving the hype on the project. I've seen it happen a lot of times on other potentially big projects in the past and it's just appalling how so many people are being led to believe on the project without the devs/creators sticking with their guns up til the end. Next question would be, what would the developers do in order to sustain the economy of the project? This is where most projects fail, but they don't care to bounce back anyway since the creators have already profited from their cash cow.

We have the play to earn then earn to walk and run now we have this vote to earn this is just another hype by developers who wants to fool investors into thinking that this kind of project is worth it, so much talk about revolutionary the same hype other developers from getting paid to be talking about how revolutionary their projects are, this kind of projects are good in papers only but when it comes to actual model and mainnet the developers cannot come out with a good one. 

It offers nothing for sure. The project could do airdrop easily to make participants voting to earn. There's no even need to create a new project that related to the vote to earn. The idea looks like unuseful idea. It seems like that the new developers are struggling to find a new innovation and started to create more and more project with non sense idea which can be done easily since a long time ago through offering airdrop to the participants to vote.
I think that this idea is just only gimmick to be used as money grabber only. That idea was making everything to be even more complicated. You can vote and simply earn the reward.
Converting vote as a mining power to receive the token is a wasteful idea for sure.

Of course, developers also hunt for quick profits through the hype of attracting new users to the project. But even if the developers really want long-term development of their project and do not see the pump-and-dump scheme as the primary goal, the community and bots still ruin any promising business models, because the primary goal of entering such projects is always the same:

• Get in before anyone else
• Make money
• Take everything and leave to find another project.

100% agree, plus any project that guarantees me any return even if it's 0.001% I do not care you will not get my money.

It Looks like a pretty interesting model, as it tries to implement a more democratic approach to the whole Byzantine problem of trustless networks. However, it fails from the beginning when it tries to mimic a democratic model, as democracy, is just an emphasised kind of dictatorship of the majority. The way to resolve this is to completely rethink how decentralized networks work. We need something that doesn't rely on voting. A different approach would be to develop an algorithm that didn't rely on a consensus mechanism and that strongly relied on censorship-resistant and 51%attackless features.

This is the right way to view things, not even satoshi dared to say that people will obtain profits if they invested their time and money in bitcoin since he did not knew if bitcoin will survive for long enough or if there could be some kind of major flaw on his code, and if satoshi could not make this kind of guarantee why people think that somehow other developers can? Giving those kind of assurances is done to attract people to invest with them, and as such we need to do the opposite and ignore them.

Only downside is you need to take risks to make it. I love this analogy of Satoshi but unfortunately for humans fear is the strongest emotion. It can be used against you in so many different ways.