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Safeguarding Inventory

The experimental phase of Plenny is initially funded with a limited amount of tokens released from the original token inventory (i.e. Nucleus release). The following measures are taken to prevent regulatory risk, market risks (e.g. rug pull or pump-and-dump schemes), and mitigate other risks such as technical security risks (e.g. hacking of modules and attacking application-level featurer, or compromising the functionality of the consensus mechanism through deliberate malicious behaviour):

  • Early adopters donate seed inventory to Plenny based on the concept of progressive decentralization.
  • Further token inventory is only released gradually over time.
  • Proceeds by Plenny are automatically made available for burning and buyback to support the token price.
  • LP-token of early adopters acting as Liquidity Providers (LPs) are staked via the Dapp's liquidity staking contract and repeatedly blocked for longer periods of time.
  • Access to the token inventory in the Treasury HODL and the Reward HODL is assigned to a multi-signature smart contract wallet (e.g. Gnosis Safe Multisig) in due course. This measure is taken to avoid single point of failure. In the further process, ownership of token inventory is transferred to DAO Governance.
  • Token to cover the development costs of Plenny and the expenses of early adopters are held in a multi-signature smart contract wallet on Ethereum and used exclusively for project funding.
  • Tokens of early adopters are reserved for governance and are staked via DAO Governance.