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 that received a sufficient % of "Yes" votes in relation to "No" votes (10%).
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 - as a designer, ambassador or even a singer. What is important is a positive result, the forecast of which you can indicate in your proposal.
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 of the world.
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. All available information is here.
PIVX is a Decentralized Autonomous Organization, or just DAO, which is currently one of the world's most revolutionary business models available, allowing the organizations like PIVX to maximize the potential of ownerless business based on the blockchain technology.
The PIVX treasury is a virtual fund that is allocated 1 PIV per block added to the network; which creates a budget of 43,200 PIV each cycle in the treasury.
These PIV aren't created, only allocated as available to be created. Proposals are submitted to the system by the community, voted on, and those proposals that "pass" are issued the funds they have requested.
PIVX has one of the friendliest communities in all of crypto with members all around the globe. As a DAO, PIVX recognizes that true power comes from the free individual, and its community is passionate about empowering others.
The PIVX Foundation, launched in 2019 in order to find and build solutions for the betterment of both the PIVX ecosystem and humanity, operates with an eye towards financial, social, and human empowerment globally.
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.
You can learn more in the PIVX Knowledgebase or post your questions in the PIVX Forum or Discord.