⚖️Governance

Piku stablecoin, Piku Platform and Piku Foundation are all managed by the PikuDAO governed by the decentralized governance votes.

PikuDAO’s mission is to establish a fully decentralized decision-making process, focused on determining the economics of the optimal store of value currency. We believe that blockchain technology underlining Piku, can enhance the infrastructure and accessibility of financial products and services.

We also believe it's time to move away from central authorities dictating economic directions. With tools like DAOs and blockchain at our disposal, PikuDAO will serve as a platform for experts to propose their ideas and for communities to shape their own futures.

A DAO is an optimal format for launching Piku because:

  • Piku relies on the expertise of professionals, collective knowledge and the will of the community.

  • DAO governance will allow the best ideas or most accepted ideas to shape the future direction of Piku.

  • DAO will allow transparent and secure management of the Piku token.

PikuDAO’s core responsibilities will be

  • Decide, manage and oversee the backing structure of Piku

  • Decide on the fees and platforml parameters

  • Give voice to experts and professionals in the subject of economics

  • Decide and oversee the governance of PikuDAO

  • Respond to emergencies

  • Manage and oversee the activities of the Foundation

PikuDAO Governance Process

DAO stakeholders, holders of $PikuG tokens govern asset backing, smart contract updates, and platform settings via proposals.

Additionally, PikuDAO will have the authority to appoint committees or multisig groups for specific tasks, like fund allocation or managing the Piku Foundation operations.

During the initial periods of the project, voting will be off-chain and on-chain smart contract implementation will be executed by the founding team. As the mission for a decentralized PikuDAO strengthens, governance will move on-chain and implemented via smart contracts without the need for multisig or human intervention.

PikuDAO will start by a simple two stage governance process:

1) A preliminary discussion on Discord and proposal formulation on the Forum page

2) Followed by an off-chain Snapshot vote

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