March 19, 2021: MyCryptoView, an online platform evangelizing the use of cryptocurrencies has started working on phase-two features following the successful completion of its initial roadmap. As a part of its ongoing development, the project has migrated its poll/voting system to the blockchain using Ethereum layer-2 Polygon (Matic) scaling network.
By onboarding the polling mechanism to the blockchain network, MyCryptoView has not only increased the transparency of the voting process but also made it more economical while ensuring adequate automation for smooth functioning. The MyCryptoView ecosystem is powered by ERC20 compliant MCV utility token, which acts as the mode of payment and voting on the platform. With the use of layer-2 Polygon network for the voting system, the platform has made the process faster and more economical by drastically reducing the gas fee otherwise associated with individual transactions on the Ethereum blockchain. It further encourages widespread participation in the voting process by the ever-growing MyCryptoView community.
The voting system on MyCryptoView ecosystem is designed as a community-led self-moderation tool that helps maintain the quality of resources available on the platform. Any content flagged as inappropriate or spam will be subjected to the voting process where the community can come to a consensus on whether the content in question qualifies to be on the platform or not. In return for their votes, the participants will be rewarded with MCV tokens. In order to exercise the voting rights on MyCryptoView, users should be registered on the platform and possess at least 150 MCV in their wallets.
Apart from voting, community members can also earn rewards for every contribution they make on the network which includes content creation and interaction with other users. MCV holders also receive a portion of advertising revenues generated by MyCryptoView.
Currently, MyCryptoView is in the process of giving away 1 million MCV tokens to those who wish to participate in the polls. The tokens are part of the project’s community tokens allocation and each user who votes or migrates any poll will be eligible to receive 5000 MCV.
About MyCryptoView
MyCryptoView is an online crypto platform for anyone to learn and share knowledge about crypto platforms. It creates awareness about cryptos by creating a platform that helps increase the world’s knowledge about cryptocurrencies by connecting those with experience in cryptos to those looking for the knowledge.
It is designed to meet the requirements of individuals, businesses, crypto projects and advertisers who are part of the crypto community.
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