BNB On-Chain Governance Voting: A BNB Advocate`s Guide

Introduction

Key Opinion Leaders (BNB Advocates) hold significant influence within the BNB Chain community. Your participation in on-chain governance is vital to ensure the network evolves in a truly decentralized manner. By maximizing your voting power, you can amplify your community’s voice and drive positive change.

How to Increase Voting Power

As a tech leader, there are two primary ways to enhance your governance power:

1. Increase your BNB holdings: The more BNB you hold in your wallet, the more voting power you possess. Consider acquiring additional BNB to boost your influence in governance decisions.
2. Receive delegated BNB: Encourage your community members to delegate their voting power to you. This empowers you to vote on their behalf, increasing your overall influence in the governance process.

Steps to Gain More Voting Power from Your Community

1. Educate and Advocate: Explain the importance of on-chain governance and how it empowers the community to shape the future of BNB Chain. Clearly articulate the benefits of delegating voting power to you as a trusted tech leader.
2. Share Proposals and Insights: Regularly share your thoughts on upcoming proposals and explain how they might impact the community. Provide insightful analysis and encourage your followers to engage in the discussion.
3. Simplify Delegation: Make the delegation process as easy as possible for your community. Provide clear instructions and guidance on how to delegate their voting power to you.
4. Transparent Communication: Maintain open and transparent communication with your community. Keep them informed about how you plan to utilize their delegated voting power and the rationale behind your voting decisions.
5. Build Trust: Continuously build trust with your community by demonstrating your commitment to their interests and the overall well-being of the BNB Chain ecosystem.

Steps of governance power delegation(To be shared to your followers)

1. Access the BNB Chain Governance page:

2. Go to the Tally website (https://www.tally.xyz/gov/bnb-chain).

3. Connect Your Wallet:

4. Click on “Connect Wallet” and select your preferred wallet provider.
5. Follow the prompts to connect and authorize access to your wallet.

6. Navigate to Delegation:

7. Locate and click on the “Delegate” button or tab.

1. Choose Your Delegate:

2. You have two main options:

3. Delegate to Self: This means you will directly control your voting power and vote on proposals yourself.

4. Delegate to Another Address: Enter the wallet address of the person or entity you want to delegate your voting power to.

5. Confirm and Sign

6. Once you’ve made your selection, review the details and click on the “Delegate” or “Delegate Votes” button.
7. Your wallet will prompt you to confirm and sign the transaction.
8. Verify Delegation:
9. After the transaction is confirmed on the blockchain, you can go to the “Votes” or “My Delegates” section on Tally to verify that your delegation was successful.

Important Considerations:

• Factors Affecting Voting Power:

• BNB Staking: The more BNB you staked on validators, the greater your voting power.

• Delegated BNB: The more people delegate their voting power to you, your voting power increases.

Disclaimer:

• The specific process and rules for BNB on-chain governance voting might evolve. Always refer to official BNB Chain documentation and announcements for the latest information.
• Remember: On-chain governance is a powerful tool that enables the BNB Chain community to make collective decisions about the network’s future. By participating, you contribute to the growth and development of the BNB Chain ecosystem.