DAO Governance

PEX token was created to maintain the governance of the PearDAO. 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 PearDAO’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 set new rules and regulations for the marketplace, while Operational changes will affect how the current marketplace is being operated.

Governance changes will mainly affect the long term development of Pear, they include:

• Adding new blockchain ecosystem that should be supported by Pear;

• Resource allocation that will dictate the future of Pear;

• Blockchain infrastructure that should be adopted: Allocating funds for a specific type of research that will ultimately benefit the Pear marketplace in the future; Exploration of new ecosystems and token economies which should have a positive impact for all PEX holders;

• PEX burning mechanisms;

• DAO treasury funding mechanisms.

Operation changes will mainly focus on the short term management of Pear marketplace, they include:

• Adding new asset types that can be traded on the market;

• Adding new assets types that can be used as payment methods on the market;

• Choosing / Formulating the type of marketing and promotions that should be done;

• Specific configurations for collateralized trade limit: Maximum / Minimum amount of assets that can be traded per order; Maximum / Minimum amount of assets that is available per online advertisement;

• Specific configurations for dispute handling and appeal processes;

• Propose for the types of partnership / sponsorship that should be considered by PearDAO;

• Risk mitigation strategies and risk warnings on the marketplace;

• Removal of certain asset type on the marketplace that is damaging the long term benefits of PearDAO;

• Beneficial alterations to the current trust score system.

The speed of every iteration cycle will increase when the community has become more experienced and gained more expertise in managing the types of trade and functions that are available on Pear marketplace. Eventually, a mature and healthy community will set the future of Pear and PEX, and there shall be more changes that will be made available to PEX holders.