📔Voting Phase

The Meme Races platform currently consists of two main phases: the voting phase and the betting phase.

Voting Phase

In the first phase, holders of the platform's governance token, $RACE, participate in voting to decide which meme tokens will be used for betting. Through a decentralized voting mechanism, $RACE holders select the 4 tokens that will be featured in the upcoming betting rounds. Once the voting is completed, these selected tokens become available for betting for a period of 6 hours. This 6-hour period is divided into 30-minute intervals, allowing users to participate in multiple betting rounds. Voting Mechanics

The voting phase is a fundamental part of the Meme Races platform, allowing the community to determine which tokens will be featured in the next betting rounds. This phase leverages the $RACE governance token to support a decentralized and transparent decision-making process.

Holders of $RACE tokens can vote to select 4 meme tokens from all available SPL-20 tokens. Each voting cycle typically lasts for a specific period, aligning with the start of a new 6-hour betting session. The tokens with the most votes are activated for the subsequent betting rounds.

This mechanism ensures that the platform remains community-driven, as $RACE token holders have direct influence over the betting environment. The dynamic selection process adds variety to the platform, enhancing excitement for users while preserving the decentralized nature of the blockchain ecosystem.