ICON Network differs from a Proof of Stake Network in that it aims to reward contribution, appropriately named “Proof of Contribution.” In order to receive rewards, ICONist performs proper due diligence and vote for productive P-Reps and P-Reps then fulfill their duties in running nodes and contributing to the ICON ecosystem.
In the real world, vote-buying happens when a political party or candidate in an upcoming election tries to purchase a voter’s vote. Vote buying can take different forms, such as monetary exchange, as well as an exchange for goods or services that are required. Vote buying is illegal in many countries and is punished by law.
P-Rep should convince ICONists to vote for them using their proposals, their contribution to ICON Network, their community involvement, their team make-up, and their value proposition and plans to grow the ICON Network.
At this moment in time, there is no formal vote-buying definition or any system of punishment for vote-buying in any ICON documentation.
We would like to further discuss and hope to come to an agreement regarding appropriate definitions and scope for vote-buying, and then discuss ways we can prevent it in the ICON Network.