Phoenix Gold Network
  • Introduction
  • PGN Foundations
    • Decentralized Gold Custody
    • Smart Contract Infrastructure
    • Phoenix Gold Coin
  • Decentralized Custody
    • Layer 1
    • Layer 2
    • Layer 3
    • Security Measures
  • Phoenix Cyphers
    • Cyphers as NFTs
    • Multifaceted Utility of Cyphers
    • Staking and Rewards
    • Redemption for Physical Gold
    • Spending and Burning
    • Secondary Market
    • Cypher Security and Wallet Integration
  • Nodes and Custodians
    • Custodians
    • Nodes
    • Incentives and Governance
    • Become a Custodian
  • Cypher to Gold Process
    • Redemption Workflow
    • Discovering Gold Shops
    • Redemption Via Smart Contract
    • Receipts and Blockchain Records
  • PGN Liquidity Services
    • Instant Cypher Sale
    • Liquidity Pool Management
  • Facilitating Gold Commerce
    • Pay with Gold
    • Accept Payment in Gold
  • Phoenix Gold Coin (PGC)
    • Governance and DAO Participation
    • Priority Access
    • Priced in PGC
  • PGC Distribution Model
    • Tokenomics
    • Cypher Melting
    • PGC Virtual Mining
  • Technical Infrastructure
    • Blockchain and Smart Contracts
    • Security and Scalability Features
    • Integration with Polygon
    • The Phoenix Web3 App
    • User Interface and Experience
  • Community Governance
    • The DAO Structure
    • Voting Mechanisms
    • Transparency and Accountability
  • FAQs
    • What is the Phoenix Gold Network (PGN)?
    • How do I buy Cyphers?
    • Can I redeem my Cyphers for physical gold?
    • How does PGN ensure the security of my gold?
  • Getting Started
  • Glossary
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  1. Nodes and Custodians

Incentives and Governance

Both Custodians and Nodes are integral to the PGN ecosystem, with their roles and responsibilities tailored to ensure a decentralized, secure, and efficient network. Custodians provide the foundation of trust and security with their large-scale gold custody services, while Nodes offer the network operational flexibility and accessibility, bridging the gap between digital assets and physical gold.

The governance model of PGN ensures that both Custodians and Nodes have a say in the network's development and decision-making processes. By staking PGC, they gain voting rights within the PGN's Decentralized Autonomous Organization (DAO), allowing them to contribute to the strategic direction of the network.

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Last updated 1 year ago