Community Designed Decentralized Governance is the controlling feature of the PIVX DAO. A system of proposals is submitted to the network to be voted on by the 2nd layer masternodes, to determine if the proposal should be funded.
Every month the PIVX treasury has a fixed amount of coins in free availability - 43,200 PIVs. These funds are allocated for the implementation of those proposals
Anyone can submit their proposal (submitting the proposal costs 50PIV) for further voting. It doesn't matter how you contribute to the development of the project
Masternode owners vote for the proposals put forward. This voting is decentralized and anonymous, since the owners and their masternodes are located in different parts
Since PIVX takes care of each member of our community, the entire history of proposed and already implemented proposals and the entire history of vote results is visible to any user.
Looking for more details or instructions? No Problem. We got you covered.
DAO stands for the Decentralized Autonomous Organization. It is simply an organization that is purely ownerless and its rules are written in a code. PIVX DAO is governed by the PIVX community by voting model, which is currently 1 Masternode = 1 vote. Through voting, community can decide which proposals they want to support and fund to get the service offered in a proposal.
Any proposal submitted can be voted on. The range of the proposals vary between marketing, products, development, community management or fun projects. The community decides, YOU decide.
You vote via your wallet. There are various places to also discuss and get a read on the proposals that are up for voting in the wallet.
We feel that if you are your own bank, you should have a choice in what direction the bank goes. Voting in our DAO/Governance can be making important changes or trivial ones just like in real life. So we find it important to act in the interests of everyone who participates and everyone has a chance to. The PIVX treasury is also completely transparent to show users that we are well established and trusted as a DAO that allows users to vote on how the funding should be used.