From the
website:
Change #1 is replacing party primaries with a single, open preliminary election.
With FFV, when you vote in the preliminary election there’s only one ballot. Every candidate—no matter their party and including third parties and independents—appears on that single ballot. The top five finishers (not just one D and one R) advance to the general election.
Now, with five candidates, we benefit from a dynamic, diverse competition of ideas, visions, candidacies between the primary and the general.
Change #2 replaces plurality voting with instant-runoffs in the general election, to narrow the field of five to the final two and then, of course, the candidate with the majority support wins.
This system is exactly like a series of runoffs, but instead of having to keep coming back to the polls for another election, you cast all your votes at once using a ranked ballot.
Instant-runoffs (IRV) ensure we always elect the candidate with the most appeal to the greatest number of voters. And even more importantly, IRV dramatically lowers barriers to entry by eliminating the spoiler problem.
In addition to the above, by enabling the election of more moderate candidates and breaking the fever of polarization, Final Five Voting would 'break the ice' on election reform so to speak, making it easier down the road to adopt more reform measures to make our system of government fairer and more responsive.
https://political-innovation.org/final-five-voting/ 
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