Ascend launches a pledging system with a free voting method

by admin · Published February 5, 2018 · Updated February 18, 2018

Ascend is a new pool of delegates that one week ago announced its voting proposal and disclosed its future plans. Nowadays the main pools are Sherwood, Elite and GDT, that in total count 92 active members out of 101 forging positions. Ascend aims at being an alternative to the current solutions, providing a system that enables voters to signal their support for Lisk Ascend without losing LSK.

The pledging is a free and non-binding promise to vote for LiskAscend once they’ve accumulated enough pledges from others, so that if all the pledges will vote for them they would have enough voting weight to be in forging positions. Once enough pledges are received, Lisk Ascend will organize a vote swap week where voters will be asked to change their votes. The vote fees will be refunded automatically when Ascend will join forging position and will process the 3rd payout.

This is possible thanks to the sign a message utility of Lisk Nano. By signing a message, the voter is able to prove that the voter controls the Lisk Address that is being pledged. At the time of writing they reached 1 million Lisk pledged from 60+ voters, but the effort to forge is huge, as they still need more than 34 million LSK.

Their statement could be sum up in the following points:

Forging delegates should share at least 50% of block rewards with the forging delegate’s voters
Lisk’s forging positions are best held by delegates who make consistent and substantial contributions to the Lisk ecosystem
Delegate pools should not occupy more than 50% of forging positions on the Lisk network

The crew consists of 9 professionals and teams:

Hirish, Co-Creator of Lisk Ascend Pledge System, Founder at SapiensProject.io and LiskListen.net;
Moosty, team members of MooseCoin.io;
Nimbus, Co-Creator of Lisk Ascend Pledge System, Organizer at Lisk Meetup in San Antonio and Austin (USA);
KyleFromOhio, Youtuber (Learn Lisk Youtube Channel);
GoForLisk, that developed Lisk API PHP and Lisk Pool PHP;
Anamix, IT Expert and Lisk Meetup Organizer in Italy;
Gregorst, Lisk Core Basher and Lisk Promoter;
Sdrpa, that developed PayWithLisk, CoinPriceGame and LiskStat Backend;
Roblad, Software Engineer and Lisk Core Basher.