Announcing VeChain All-stakeholders Voting Relating to the Recent Foundation Buyback Wallet Incident

In accordance with the latest VeChain Foundation Public Disclosure regarding the buyback wallet theft incident, an urgent, temporary action has been taken to contain the negative impact on VET stakeholders by means of an emergency patch, VeChainThor v1.1.5. This update was released by VeChain Foundation upon the Steering Committee’s approval and was agreed by all Authority Masternodes to update their software to implement a temporary block on the addresses controlled by the thief.

For the interest of collective understanding and decentralization, it is VeChain’s vision and commitment that we feel it’s imperative that the community gets to make the final decision on the destiny of the blocked addresses and stolen funds. Hence, we would like to initiate the first ever VeChain all-stakeholders voting on this subject based on the recently approved VeChain Governance Charter. This voting will decide whether or not to implement the block list on the VeChainThor blockchain permanently, and the action to be taken as a result of the vote would be to make the 469 tainted addresses owned by the thief designated as burn-addresses, and de facto making the frozen 727 million VET tokens burnt tokens, forever subtracted from the total and circulating supply.

Unfortunately, the all-stakeholders voting function on VeVote is still under development after the recent finalization of the updated governance model, but due to the urgency of this voting, we decided to adopt an alternative method of VTHO transfer to the designated addresses (see below), which follows the exact same rules of the VeChain Governance Charter.

We apologize for the inconvenience, and future all-stakeholders voting will be conducted on the VeVote platform when the features are fully ready.

Proposal Subject:

Do you agree to implement the block list introduced in VeChainThor v1.1.5 permanently as a result of the recent Foundation buyback wallet theft?

Eligibility:

Authority Masternodes, Economic X Nodes and Economic Nodes

Option one: Agree

By transferring 1 VTHO to the designated voting address (0xcD0fa3762A536AE37B02953f17daE9202Fc668b8) indicating “AGREE” between 10AM December 25, 2019 and 10AM December 30, 2019 UTC+8, you vote for implementing the block list permanently as part of the VeChainThor blockchain consensus, thus forever burning the 727 million VETs involved in the theft from the total and circulating supply.

Option two: Disagree

By transferring 1 VTHO to the designated voting address (0xA3DAe7194F10762cDd4D4b16fb5953f425cCc88A) indicating “DISAGREE” between 10AM December 25, 2019 and 10AM December 30, 2019 UTC+8, you vote for lifting the current block list implemented in VeChainThor v1.1.5, thus releasing the restrictions of the 727 million VETs involved in the theft.

The option which receives more weighted votes based on the voting authority model prevails.

Voting Authority:

Important Rules:

• Only VTHO transfers from Authority Masternodes (endorser address), Economic X Nodes and Economic Nodes (addresses holding the node tokens) will be counted as valid votes.
• Only transfers confirmed in the blocks between 10AM December 25, 2019 and 10AM December 30, 2019 UTC+8 will be counted as valid votes.
• Each stakeholder category needs at least 15% participation rate in order for the voting authority of the particular category to be counted towards the total voting authority. Otherwise the voting authority will be reallocated, please see section 3.3 of the VeChain Governance Charter for more details.
• If an eligible voter makes multiple transfer, the last transfer in time sequence within the polling time window to either of the voting addresses counts.
• For addresses that hold more than one node, the vote will only be calculated in the category which is higher in the voting authority model.

Your vote will be invalid in the following circumstances:

• The origin address of the transfer does not belong to any of the stakeholder categories defined by the governance charter.
• The VTHO amount transferred doesn’t match the required amount.
• The VTHO transfer is confirmed on the VeChainThor blockchain before or after the polling time window.
• The participant rate of the voter’s stakeholder category does not meet the minimum requirement.

Note:

1. If your node is stored on a Ledger hardware wallet, you can make the VTHO transfer by accessing My Token via Sync.
2. Participant rate = number of valid voters in the stakeholder category / total number of nodes in the stakeholder category at the ballot closing time.

Once the ballot is closed, the Foundation operation team will calculate the votes based on the voting authority model and announce the final results within 48 hours. All the voting records are available for independent verification. And based on the final result, the Foundation operation team will work with the Authority Masternodes to implement to change.

自唯链基金会回购钱包被盗事件以来，唯链社区成员、开发者以及合作伙伴与我们并肩努力，采取一系列必要、迅速、强有力的措施控制事态。目前回购地址被盗事件已得到有效控制。详情参见唯链基金会官方公告。

12月18日，在唯链基金会战略决策委员会通过是否通知所有超级权益节点并发布唯链雷神区块链 v1.1.5 的提案后，开发团队发布了唯链雷神区块链 v1.1.5版本。发布后的72小时内，所有超级权益节点已经同意进行版本更新。在此情况下，被盗数字资产无法进行转移。

秉持“公开透明民主”的原则，唯链基金会根据最新生效的治理模型，针对此次特殊事件发起首个所有相关权益者投票。此次投票有关是否同意将黑名单永久写入唯链雷神区块链底层共识中。投票通过后，该黑名单将被永久锁定（相当于469个地址上的7.27亿个VET将被销毁，并从总供应量和流通量中永远减去）。

由于目前VeVote投票系统功能正在根据最新生效的治理模型同步升级中，针对此次紧急事件，我们决定启用备选方式：根据最新治理模型规则，所有相关权益者将指定数量的VTHO转至指定钱包地址进行投票（地址见下文）。

我们对此造成的不便感到抱歉，当VeVote功能完善之后，所有相关权益者将在VeVote平台进行投票。

具体投票细则如下：

投票主题：

是否将此黑名单永久写入唯链雷神区块链底层共识？

投票起止时间：

北京时间2019年12月25日上午10:00至北京时间2019年12月30日上午10:00

具有投票权的权益相关者包括：

超级权益节点、经济X节点以及经济节点

选项一：同意。

选择“同意”，请向如下钱包地址（0xcD0fa3762A536AE37B02953f17daE9202Fc668b8）转入1个VTHO。

该选项代表您同意黑名单写入唯链雷神区块链底层共识，在唯链主网上永久拦截由这些地址发起的任何交易。黑名单内所有地址中的VET（共计7.27亿VET）将永久不再流入市场，视同销毁。

选项二：拒绝。

选择“拒绝”，请向如下钱包地址（0xA3DAe7194F10762cDd4D4b16fb5953f425cCc88A）转入1个VTHO。该选项代表您拒绝将黑名单写入唯链雷神区块链底层共识，从而将解除被盗窃VET的交易限制。

根据投票权重模型，经过加权后获得票数较多的选项将被采纳。

投票权重如下：

*不同类别节点各等级投票系数计算方式请参阅新治理模型 3.2章节。

投票注意事项：

• 根据最新生效的治理模型，仅超级权益节点、经济X节点、经济节点根据投票规则进行的转账被记为有效票；
• 根据唯链雷神主网上区块的时间戳，仅在北京时间2019年12月25日上午10:00至北京时间2019年12月30日上午10:00之间的转账投票记为有效票；
• 每类投票人群应达到至少15%的投票率，否则该类人群投票权重将会重新分配，具体规则详见最新生效的治理模型中的3.3章节；
• 如具有投票权的权益相关者在投票起止时间内进行多次投票，最终投票结果将以最后一次转账的地址所代表的投票选项为准；
• 若同一地址持有两类节点，则以权重较高的节点计算投票权重。

以下情况投票无效：

• 非超级权益节点、非经济X节点、非经济节点的转账将被视为无效；
• 转账数量与上述选项的VTHO数量要求不一致的投票将被视为无效投票
• 在唯链主网上的VTHO转账确认未在投票起止时间内；
• 如果同一节点重复投票 ，以最后一次投票为准，之前的投票均将被视为无效；
• 权益相关者类别的投票率未达到15%。

请注意:

1. 如果您的节点存储于Ledger硬件钱包中，可以通过在Sync中访问My Token应用进行VTHO转账；
2. 权益相关者类别的投票率 = 某一权益相关者类别中投出有效票的人数/投票结束时该类别权益相关者数量

投票结束后，基金会将根据最新生效的治理模型中的计票规则计算票数，并在投票结束后的48小时内公布结果。社区可以在唯链官方浏览器内查询到所有权益相关者的投票记录，并根据唯链基金会治理模型中的计票规则进行计算验证。101个超级权益节点将与唯链基金会运营团队一起，严格贯彻执行投票结果，并在执行完成后对社区进行公示。