Plian DAO Governance(2022)

Overview

PlianDAO has 3 legal entities, Plian DAO Foundation, Plian Tech Foundation and Plian Product Foundation. The purpose of the legal structure is to provide flexibility and mitigate legal risks that may arise in the future.

The PlianDAO Foundation will establish a governance committee (Governance Core Unit) and a supervisory committee (Regulatory Core Unit). The Governance Core Unit manages the operations of Plian, and it will be responsible for issues related to distributing grants, managing the treasury, facilitating proposals, and on-chain voting. The Governance Core Unit is a member organization composed of $PI holders who jointly implement the Foundation Governance Regulations on behalf of the Plain Foundation and the Plian global community. The Regulatory Core Unit is responsible for overseeing the Governance Committee and overseeing Plian’s operations, governance, legal compliance matters,etc.

The PlianTech Foundation will manage protocol development services related to the Plian public chain and smart contracts.

The Plian Product Foundation will oversee the development of the Plian front-end layer.

The 3 legal entities will enter into service agreements with service providers to help develop the agreement.

1. PlianDAO Foundation Governance Committee Election Rules

1.1 Candidacy Conditions

1) Candidates must pass the following real-name authentication.

a)Social account authentication, Twitter, Discord, Telegram, etc.

b)KYC certification, ID card, passport, etc.

2) Candidates must have a basis for Plian community participation, meet any of the following conditions.

a) Address users who hold 2 million (TBD, the specific number is to be further discussed, the same below) $PI can participate in the election.

b) Holding 1 operating Plian production node.

c) Established community 200 (TBD) people community members.

1.2. Number of committees

The Governance Core Unit will be composed of 7 full members + 3 alternates (TBD), and the Regulatory Core Unit will be composed of 5 full members + 2 alternates (TBD).

1.3. Change of Term

The PlianDAO Foundation Governance Committee votes for election once a year. At the end of each term, the committee shall continue its term until the next PlianDAO Foundation Governance Committee elects relevant personnel, at which time they will end their term of office.

1.4. Exit

1) Passive Exit

The Regulatory Core Unit can supervise the daily work of the Governance Core Unit. The Regulatory Core Unit has the right to recall the members of the Governance Core Unit. When the vote exceeds 5 votes (TBD), the Governance Core Unit members are removed and approved; the decision of the Governance Core Unit has the veto authority, when the vote exceeds 4 votes (TBD), the decision-making event is not passed.

Plian community members can also supervise the work responsibilities of Governance Core Unit members. If there are related problems, community members can vote to remove each committee. When the vote exceeds 50% (TBD), the removal is successful, and the committee position will initiate a recall vote. Inauguration (initiating a recall committee vote must meet real-name authentication and campaign conditions).

2) Actively Exit

If a committee member withdraws voluntarily, they must notify the committee members 30 days in advance (TBD), and then the committee members will recruit the committee from the community members.

2. Relevant Functions of the Governance Core Unit

2.1. Co-management of Plian Foundation Funds ($1 million USDT and $200 million PI, TBD).

2.2. Co-voting to decide on Plian ecosystem construction.

2.3. Co-decision to distribute profits generated by the foundation every year.

2.4. The Governance Core Unit will have 70% of the voting decision-making power (10% of the decision-making power per person), and 30% of the authority will be composed of members of the Plian community.

2.5. Multi-signature of the Treasury

The earliest multi-signer of PlianDAO was voted for by the $PI holders. The multi-signer is distributed all over the world. There are 7 multi-signers and 5 signatures (TBD) are required to take effect. Multi-signers are mainly responsible for the security of treasury funds, and perform multi-signature operations after reviewing community proposals (related to the use of funds). Multi-signers have no right to interfere with the final decision after community proposals and other community operations.

2.6. Core Group

The core group is mainly represented by whales, technical group leaders, market operation group leaders and other members. The core group has 2 major powers, namely the final review of community proposals and the allocation of community budgets (technical group and operation group). For example, whether a proposal needs to enter the community referendum, the production of the proposal, and the review of the proposal, these require the vote of the entire core group, and if more than half of them pass, it will enter the community vote. The core group is also involved in the budget allocation of the 2 departments, but the core group is not assigned to a person, only to the department. As for the detailed allocation of individuals or projects, it is up to the leaders of each group to vote.

2.7. Technical Team

The technical team is responsible for all technical requirements of the community technology. All financial distribution of the technical group is determined by the leaders’ vote, and more than half of the votes must agree. Including personnel expenses, server expenses, business cooperation expenses, gas reimbursement on the chain, etc.

2.8. Operation Group

The operation group is responsible for all operations of the community, including the market, internal operations of the community, social medias, operations, event operations, external cooperation, community mods, etc. The plan for the use of funds in the operation group needs to be voted on, just like the technical group. In the early stage of the operation group, all the community pre-selected personnel. After operating for a period of time, everyone voted by themselves to finally determine the official operation personnel.

2.9. Token Holders

The community has a fixed monthly budget, which has been voted by the community. When the project is in the process of production or operation, there is a part that exceeds the budget and needs to be voted by the community. Simply put, all token holders have absolute control over treasury funds and community governance.

2.10. Legal Compliance Group

Registration, audit reports, legal compliance documents/policy research, monitoring Plian compliance.

3. Governance Process

3.1. Preliminary Discussion

Anyone can submit proposals to the community, and proposals can gain community participation and gather feedback for improvements in Plian Community Discord. Proposers can add polls to forum posts to gauge community sentiment or review proposals to incorporate feedback.

3.2. Off-chain Voting

Only the core team can vote in the Plian governance community. Therefore, when a submission gets enough community engagement, the team will submit it for voting at least three days later. Otherwise, the community has signaled the implementation of a proposal threshold that would allow holders of 150,000 $PI (TBD) to submit proposals.

3.3. Voting

Only wallets with (delegated) $PI can vote to prevent governance attacks, voting must reach a quorum of 5M $PI(TBD) to be successful.

3.4. Execute

Successful voting will be executed by the Governance Core Unit.

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