Catalyst Voting Registration
Help Shape the Future of the Blockchain with Catalyst Voting
Help Shape the Future of the Blockchain with Catalyst Voting
Cardano has an incredible innovation fund in the form of Project Catalyst. Builders compete to receive funding for their ideas through a community driven process where a proposal is presented, assessed, and goes through a round of quality assurance before being offered to the community for a vote. In addition, voters get rewarded with ADA for voting. Talk about a win-win!
In Fund 9 $16 million USD worth of ADA will be distributed to various teams for their proposals. As a holder of ADA, you can be part of the decision-making process to determine who is funded.
Requirements
In order to vote in Project Catalyst, you will need a few things. First, you will need a minimum of 500 ADA in a wallet. You will need a native wallet client, and a smart phone to download the Catalyst voting app.
Registration Process
Find the Voting Option in your wallet. If you don’t see voting in your wallet, you can download a native asset wallet client with voting capabilities. The list of wallets is here: https://cardano-community.github.io/support-faq/Wallets/list/
You will download the Catalyst Voting App to your Apple or Android smart phone. Each of the wallets provides a QR code to scan to download the voting app. Make sure you are getting the official voting app by using the in-wallet links or from trusted sources.
The wallet will ask you to create a pin code. This is important, and if you lose it, you will have to re-register. So please write down or memorize your pin code.
Next you will sign a voting registration transaction using the wallet. This will cost you about 0.17 ADA or so. Depending on chain load this can take a few seconds, or perhaps a few minutes.
Lastly you will be given a QR code. Be sure to save this in a safe place as well! Wallets will provide a way to save a PDF with the QR code. In Eternl wallet, the QR code can be retrieved later from Settings > Catalyst Voting. If other wallets have a similar capability, let us know in the comments below.
Conclusion
The combination of the Pin Code and the QR code will be used to enable access to vote once the app goes live after the snapshot on 04 August 2022. Voting will begin on 11 August 2022.
We hope that you support the DripDropz proposals by voting yes to our proposals (Open Source Voting Tool) & (Cardano Mainstreet Suite). If you would like to learn more about our proposals, please see our articles Cardano Mainstreet Suite and Native Voting On-Chained.
updated 7/29/2022 Added new screenshot for wallets from the Cardano Community Github.