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  • What is Voting?
  • Voting Reward Formula
  1. Overview
  2. Rewards

Voting Reward

Be an active voter!

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Last updated 1 year ago

What is Voting?

At 2R2, collectors can vote on NFTs with RP, which can be obtained by various contributions to the protocol.

Voting Reward Formula

VR(VotingReward)=APβˆ—W1βˆ—MyStakeTotalVote1VR(Voting Reward) =\frac{AP*W1*MyStake}{TotalVote1}VR(VotingReward)=TotalVote1APβˆ—W1βˆ—MyStake​
  • TotalVote1 = Total vote of an artwork

  • AP = Artwork Price

  • W1 = Weight

  • MyStake = My Total Stake in Artwork

This is one of the active expressions that can support the work of a favorite artist without going through NFT purchases.

The 2R2 ecosystem provides not only the price of the work, but also the voting results, the collector can determine the intrinsic value of the NFT, and by collecting the votings, the creator can gain momentum for continuous activities without immediate sales of the work.

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