Pear DAO Governance

PEX Tokens will be created to maintain the governance of the PEX DAO. Holders of the PEX token will be able to set rules and make changes to the Pear decentralized marketplace by polling and voting mechanisms.

During the early phase of Pear DAO’s establishment, PEX holders would be able to submit their proposals to the organization prior to the iteration phase. The proposals will be voted during the iteration phase. Voting power is determined by the amount of PEX tokens that are available or staked by each individual wallet address.

Proposals with the highest vote will be elected and changes will be made which will affect the configurable portion of the smart contract(s).

There will be two forms of changes – Governance or Operational. Governance change will impact the strategic management of Pear, while Operational changes will affect how the current marketplace is being operated, including rules and regulations.