3.1 DAO Operating Principles and Governance Participation Structure
Punkvism aims to operate as a Decentralized Autonomous Organization (DAO), implementing a participatory governance model where the community determines the ecosystem’s development direction through a transparent and fair decision-making structure.
Core Governance Principles
Decentralization: Decision-making through the collective intelligence of community members without centralized control.
Transparency: Full disclosure of all decision-making processes, outcomes, and fund usage details.
Participatory Democracy: Implements differential rights on participation levels while ensuring all members’ decision-making process.
Progressive Decentralization: Initial centralized oversight with a planned, gradual shift to complete decentralization.
Respect for Domain Expertise: Implementing domain-specific decision-making structures that recognize expertise in each industrial area.
Practical Implementation Phases Punkvism implements its governance structure through the following phased approach:
Initial Phase (By 2025): A hybrid model where a governance committee, composed of the core team and strategic partners, leads major decisions while actively incorporating input from PVT holders and Punkykongz NFT holders.
Growth Phase (2026): Increased voting weight for token holders in key decisions, with the introduction of DAO operating tools.
Maturity Phase (2027 and Beyond): Minimizing the core team’s authority and transitioning to a fully community-driven DAO structure with an on-chain governance system.
This phased approach balances rapid decision-making and ecosystem stability in the early stages while progressively evolving into a community-centric decentralized governance model.
Tiered Participation Levels Governance participation rights are differentiated based on PVT staking levels and roles:
Basic Participation (Tier 1) – All PVT Holders: Basic voting rights and ability to provide opinions on proposals.
Active Participation (Tier 2) – Mid-Level Stakers: Additional voting weight (1.1x) and proposal submission rights.
Core Participation (Tier 3) – High-Level Stakers: Advanced governance rights (1.2x voting weight).
Guild Participation – Collective Guild Governance: Rights to submit special proposals and lead projects.
Punkykongz NFT holders receive additional voting weight (up to 1.5x) for specific decisions, ensuring the vision and values of early ecosystem participants are consistently reflected.
Decision-Making Process Punkvism’s decision-making farmwork follows a systematic process with transparent and predefined criteria:
Proposal: Qualified members submit formal proposals.
Example: A Tier 2+ staker submits a proposal to launch a new real estate project in Vietnam on the official governance forum.
Discussion: Open forum discussion of the proposal over a set period (typically 5-14 days).
Example: Community members debate the project’s feasibility, profitability, and risks publicly for two weeks.
Voting: Formal voting on the proposal (typically 3-7 days).
Example: A 5-day vote follows the discussion, with real-time results publicly displayed.
Execution: Automatic or manual implementation of approved proposals.
Example: Upon approval, 3 million PVT from the ecosystem development fund is allocated, and an execution team is formed.
Monitoring: Tracking and evaluating execution outcomes.
Example: Monthly reports transparently share project progress with the community, assessing key milestone achievements.
Approval requirements vary based on proposal significance:
General Proposals: 10% participation rate, 50% approval rate (e.g., marketing campaigns, small-scale projects).
Significant Proposals: 20% participation rate, 60% approval rate (e.g., mid-scale RWA project approvals, major partnerships).
Core Proposals: 30% participation rate, 67% approval rate (e.g., token economy changes, High-value funding decisions).
For safety and efficiency, in emergencies, a Safety Committee (initially the core team and key partners) makes swift decisions, followed by a post-approval process.
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