GOV Concept

A decentralized autonomous organization (DAO) is a stateless digital organization represented by rules encoded as an open-source computer program governed by community members at multilateral levels. Effectively, DAOs are socio-technical communities transparently executing governance of smart contracts on-chain.

In addition to being a standard ERC-20 token, PL2 also allows token holders to participate in governance. For this purpose, PL2 are stacked and in return participants receive rewards.

Plenny empowers community governance over a Decentralized Autonomous Organization (DAO). Community voting rather than centralized decisions by an organization is what manages operations and shapes the direction of Plenny.

Participation in governance is possible in different roles with different levels of commitment. There are Plenny Governors (PG), Delegators (DEL) and Voters (V).