The Next Step in Decentralization: The PHX DAO is Officially Live!Hello Bitcointalk Community,
When we first introduced PHX, our mission was clear: to build a truly decentralized digital currency, free from the high computational demands and financial barriers of traditional mining. Our innovative Proof of Daily Engagement (PoDE) model and fully web-based platform were the first steps in creating a cryptocurrency accessible to anyone with an internet connection.
Today, we are thrilled to announce the most significant milestone in our journey toward that goal:
the launch of the PHX Decentralized Autonomous Organization (DAO).This update marks the official transition of power from the core team to the community. The future of PHX will now be shaped directly by you, its users.
How the PHX DAO WorksOur governance model is designed to be democratic, transparent, and secure, ensuring that every decision is made with the community's best interest at heart. The DAO is structured into two primary categories:
1. General Proposals (Community Initiatives)This is for proposing and voting on a wide range of ideas, from UI/UX enhancements to new community-focused projects. To ensure high-quality and well-vetted proposals, we have implemented a unique two-round voting system:
- Round 1: The Supporters' Vote. To begin, a proposal must be created by a KYC-verified Top 100 Supporter. This initial vote acts as a crucial quality filter, ensuring that only the most dedicated members and well-structured ideas proceed.
- Round 2: The Final Community Vote. If a proposal passes the first round, it moves to a final vote open to every single KYC-verified user on the platform. This guarantees that the ultimate decision reflects the collective will of the entire PHX community.
2. Treasury Proposals (Project Funding)This category is dedicated to allocating the project's treasury funds for development, marketing, or other critical growth initiatives.
- The on-chain voting mechanism and specific eligibility for Treasury proposals will be activated following the official PHX token exchange listing. This staged approach is designed to ensure maximum security and accountability for our community's resources.
Your Voice is the Future of PHXPHX is more than just a cryptocurrency; it's a participation-based economic system. The launch of our DAO is the ultimate expression of this philosophy.
We invite you to log in to the PHX web-app, explore the new "DAO" section, and see how you can contribute. The strength of our network is its community, and your participation is now more critical than ever.
Join us in building the future of decentralized finance.
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