Electorate
The balance base used when calculating governance support.
In plain language
The exact electorate definition is runtime-dependent and is not necessarily the same as total supply, circulating supply or staked VARA.
Why it matters
Using the wrong denominator can make participation or support percentages misleading.
Real Vara examples
| Referendum | Governance | Execution | Direct addresses |
|---|---|---|---|
| #87 Validator Grant #1: Ray0xNodes Vara token holders approved a Gear Foundation-funded $18,000 grant supporting twelve Ray0xNodes validators for twelve months. | Executed | Dispatch succeeded | 20 |