Community Voting Now Open & Voting Guide: Good Vibes Hackathon

Introduction

We are using Snapshot, a transparent off-chain voting platform, to collect community votes.

Snapshot lets you vote using your wallet without spending gas or moving any tokens.

This guide explains:

• How voting power works and who is eligible to vote
• How weighted voting actually works when you’re casting a vote
• How community rankings and judge rankings are converted into points and combined to decide the final winners

Community voting is now open. Cast your vote on Snapshot here.

Your Voting Power (Who Can Vote?)

To participate, you must hold specific assets in your self-custody wallet (e.g., MetaMask, Trust Wallet, Rabby). Your influence in this vote is determined by your "Voting Power" (VP).

A. Valid Tokens for Voting

Your Voting Power is calculated based on the combined balance of the following assets:

1. BNB: Native BNB held in your wallet.
2. govBNB: Native staking BNB (Delegated).
3. slisBNB: Liquid staking BNB (specifically delegated via Lista DAO).

B. How Power is Calculated

• The Ratio: 1 Token = 1 Voting Power.
  • Example: If you have 10 BNB and 50 govBNB, your total Voting Power is 60 VP.
• The Snapshot Rule:
  • Voting power is not updated in real time. 
  • It is based on your balance at a specific past Block Height (the "Snapshot").

C. Do I Need to Delegate?

• No. You do not need to delegate your tokens to a third party to vote.
• If the valid tokens are in your wallet at the snapshot, you can vote directly.

Vote now: Ready to vote? Head to Snapshot to place your vote now.

The Method: Weighted Voting

This vote uses weighted voting, which means you decide how strongly you want to support each project.

Instead of choosing just one project, you can split your voting power across multiple projects.

How it Works

Unlike standard "Winner Take All" elections where you cast a single vote for one candidate, Weighted Voting allows you to spread your Voting Power across multiple choices.

• Linear Impact: There is no complex math or penalty. 1 VP = 1 Vote.
• Split Support: You can assign a percentage of your power to as many projects as you like.
• Total Control: You can put 100% on one project, or split 50/50, or 33/33/33.

Step-by-Step Example

The Scenario:

You hold 100 BNB, giving you 100 Voting Power. There are 10 teams pitching, and you want to support your three favorites with different levels of intensity.

Your Strategy:

You want to strongly back one project while still supporting two others.

The Result:

This way, your voting power reflects how strongly you feel about each project rather than forcing you to pick just one.

Final Score Calculation (The 50/50 Split)

The final winners are not chosen by popularity alone. To ensure high technical standards, we combine the Community Vote with Expert Judge Scores.

• Community Vote (50%): The ranking resulting from the Snapshot vote.
• Sponsor Judges (50%): A panel of technical experts grading on code quality, innovation, and viability.

Judge Evaluation Criteria

Judges evaluate only shortlisted projects. Each shortlisted project is reviewed using four criteria, with each criterion weighted equally (25%).

Judges score each criterion from 0 to 10, where:

• 0 = very weak
• 10 = excellent

Judges are asked to score each shortlisted project on a scale of 0 to 10 for each of the following criteria, with each criterion weighted equally at 25%.

• Product Market Fit (25%)
  • How clearly the project solves a real problem for a defined audience, and whether it could realistically gain users.
• Usage of AI (25%)
  • How meaningfully AI is used in the product, beyond surface-level or gimmicky integration.
• Blockchain Synergies (25%)
  • How well the project leverages blockchain or BNB Chain specifically, rather than using it unnecessarily.
• Creativity (25%)
  • Originality of the idea, execution, and overall approach.

The Scoring Formula

We convert both the Community Vote and Judge Vote into a standardized "Score" (Points) and average them.

Final Score = Community Rank Score* 0.5 + Judge Rank Score * 0.5

Vote Now

Community voting is open until 15:00 (UTC), Jan 30. Cast your vote on Snapshot here.

Frequently Asked Questions (FAQ)

Voting Mechanics

Q: Does it cost money to vote?

A: No. Snapshot voting is an off-chain signaling mechanism. You sign a message with your wallet to prove your balance. You do not pay gas fees, and your tokens never leave your wallet.

Q: Can I just put 100% of my votes on one team?

A: Yes. If you strongly believe in a single project, you can allocate 100% of your Voting Power to them.

Q: I have BNB on a Centralized Exchange. Can I vote?

A: No. You must hold the BNB in a self-custody wallet (like MetaMask, Trust Wallet, or Rabby) where you control the private keys. Exchange wallets are not included in the snapshot.

Voting Power

Q: I bought more BNB yesterday. Why is my Voting Power lower than I expected?

A: The "Snapshot" was taken at a specific block height in the past (e.g., at the start of the voting period). Any funds added to your wallet after that block are not counted for this specific vote.

Q: What is "slisBNB (delegated)"?

A: This refers to staked BNB via Lista DAO. If you are participating in liquid staking and holding slisBNB, those tokens count toward your voting power.