⚖️Voting Power & Lock Multipliers

The Jackpotter governance system uses a stake-weighted voting model that gives more influence to those who demonstrate a long-term commitment to the platform. This ensures that decisions are made by stakeholders who have a vested interest in the success of the ecosystem.

Calculating Voting Power

Your voting power is determined by a simple formula:

Your Voting Power = Your Staked JPT × Lock Multiplier

To participate in governance, you must stake your JPT tokens. Unstaked tokens have no voting power. The longer you lock your staked tokens, the greater your voting power becomes.

Lock Multipliers

The lock multiplier increases with the duration of your stake, as shown in the table below:

Lock Period	Voting Multiplier
Not Staked	0x (cannot vote)
30 days	1.3x
90 days	1.5x
180 days	1.7x
365 days	2.0x

Key Requirement: A minimum lock period of 30 days is required to participate in governance. This ensures that only those with "skin in the game" can influence the direction of the platform.

Example Scenario

Consider a scenario with three JPT holders:

• Alice: Holds 100,000 JPT (unstaked). Her voting power is 0.

• Bob: Holds 100,000 JPT (staked for 90 days). His voting power is 100,000 * 1.5 = 150,000.

• Carol: Holds 50,000 JPT (staked for 365 days). Her voting power is 50,000 * 2.0 = 100,000.

In this example, even though Alice holds the most JPT, she has no voting power because she has not staked her tokens. Bob, with a medium-term commitment, has the most influence, while Carol, with a smaller stake but a longer lock period, still has a significant voice in the governance process. This system rewards both the size of the stake and the duration of the commitment, creating a fair and balanced governance model.