Director Election and Voting Guide

How to become a candidate director?

1. All users can apply for candidate directors by staking over 2 million xMDX.

2. Candidate directors can redeem their staked xMDX at any time, which will take 3 days to unlock. When the xMDX are unlocked, candidates need to withdraw them manually. The minute the xMDX are redeemed candidates lose their qualification as a candidate director. Users who vote for quitting candidates will receive the xMDX they staked automatically.

How to become an official director?

1. All xMDX holders can vote for the candidate directors they support. MDEX team takes random snapshots of the number of votes obtained by all candidate directors every day, calculates the average numbers, and sorts them in descending order. The nine directors with the highest number of votes automatically become the official directors.

2. The official directors are determined by the number of votes in the previous election, and cannot redeem their vouchers during their tenure.

3. Users can quit the vote at any time. It will take 3 days for the xMDX to unlock. When the xMDX are unlocked, candidates need to withdraw them manually.