News

Milestone Two Voting Begins Today

News

Milestone Two Voting Begins Today

How To

July 10, 2018

Milestone Two Voting Period: July 10 - July 24

The modum team is pleased to announce that voting for Milestone Two is now open. The voting period lasts for two weeks, until July 24. Each token you hold accounts for one vote. For more information, please refer to the milestone overview in our whitepaper on page 13.

Milestone Two asks, has modum achieved the following three criteria:

1. Has modum ensured the go-to-market of its first product line through the mass production of our dedicated sensor device and the product ecosystem?

2. Has modum integrated two environmental sensors into the hardware platform (temperature and motion)?

3. Has modum integrated one of the following blockchains: IOTA, NEO, Fabric, ETC or Rootstock, in addition to Ethereum?

A positive vote means that our solution has been successfully deployed with select customers and we have ensured our go-to-market with a functional product, our hardware includes both temperature and acceleration sensors, and our backend supports both Ethereum and Hyperledger Fabric.

A simple majority of positive votes for Milestone Two will release 3,000,000 MOD Tokens to a wallet controlled by modum. In case of a negative voting, the process will be reinitiated at earliest 90 days after the end of this voting period on July 24.

Milestone Two Assessment:

Please read our complete assessment report

Watch modum founder, Marc Degen explain how we have met the Milestone Two criteria. 

 

More Information:

For more information on our milestones please read our White Paper.

Please note that you will need a minimum Ether balance in your wallet to complete the voting transaction. You should have a small amount of Ether, approximately 0.01 ETH, to complete the voting transaction.

The easiest way to vote, for those whose tokens are held in MyEtherWallet, is to use the contract function in MyEtherWallet as follows:

1. Go to https://www.myetherwallet.com and click “Contracts” in the top menu and select “Modum Token” from the list of existing contracts

Deploy Contract

 

2. Click “Access”

3. (optional) Select “currentProposal” to see more information about the current vote

Read/Write Contract

4. (optional) Select “showVotes” to check your voting power in MOD

Enter your token wallet address and click “Read”.

Read/Write Contract

5. Select “Vote” from dropdown to place your vote

Select “True” to vote yes

Select “False” to vote no

Read/Write Contract

6. Select Keystore / JSON File

Select your JSON file and unlock it with your password

 

Read/Write Contract

 

7. Click “Write”

Enter:

Amount to send: 0

Gas limit: 300’000

Read/Write Contract

 

8. Click “Generate transaction” and then, “Yes, I am sure! Make a transaction.”

 

 

Alternative Voting Methods:

If you are using Metamask, Mist or Parity, you can use our DApp:

https://voting.modum.io/