Quadratic voting
Quadratic voting is the new wave of running web3 companies and as a collective decision making process which involves individuals allocating, staking or even exchanging votes to express the degree of their preferences, rather than just the direction of their preferences.
By doing so, quadratic voting seeks to address issues of voting paradox and majority rule that as been in place for most part in our history.
Quadratic voting works by allowing users to “pay” for additional votes on a given matter to express their support for given issues more strongly, resulting in voting outcomes that are aligned with the highest willingness to pay outcome, rather than just the outcome preferred by the majority regardless of the intensity of individual preferences. The payment for votes may be through either artificial or fiat currencies .Quadratic voting is a variant of cumulative voting. the big difference from cumulative voting is that by altering “the cost” and “the vote” relation from linear to quadratic it exponentially increases the cost of affecting a decision.
Quadratic voting in corporate governance is aimed to optimize corporate values through the use of a more fair voting system and harder to collude in order to have individual interest before company. Common issues with majority voting includes blocking out policies that may benefit the corporate value but don’t benefit their individual value or having the majority commonly outvote the minority. This poor corporate governance could easily contribute to detrimental financial crises bad decisions and lack of fiscal responsibility.
Although the Quadratic Voting is complex it as proven results to empower minority and disincentivizes voting that don't care about a particularly issue. By increasing the cost of each vote allow user to show there intensity of their support to a specific cause and increasing democracy and visibility of minorities.
The Martian Army DAO will be using Quadratic Voting for all there decisions come and find more in our Discord:
More info 👉 discord.gg/martianarmy
