As previously stated in Decentralization Progress, pDAO is a tool that grants the community the capability to make decentralized decisions by consensus. Any member of the community can speak up and help govern the network.
To explain further, now you can:
- propose any new idea if you think that idea is beneficial to the community,
- request funds from Incognito treasury to build your dapp on Incognito network.
If community votes yes, the proposal is successful, things will change accordingly and you will get the fund requested to grow your dapp.
Make your proposal here: https://incognito.org/vote
What is the starting point for making a new proposal?
62,500 PRV is required and will be held until the vote is completed. Whether it succeeds or fails, PRV will be returned to your wallet as soon as the process is completed. You only need to pay the fee used to operate the voting procedure.
How long does the voting process take?
You have seven days to vote and it takes one more day to collect the votes and determine the final result. In total, 8 days.
What are the prerequisites for a successful proposal?
At least 500,000 PRV were collected to support the yes option.
There are more yes votes than no votes,
Step-by-step instructions on how to propose and vote will come following up.