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. Phoenix Gold Coin (PGC)

Governance and DAO Participation

PGC is integral to the governance structure of PGN, empowering token holders with the ability to participate in the Decentralized Autonomous Organization (DAO). This participation involves voting on key decisions, proposals, and changes within the network, ranging from updates to the protocol to decisions about liquidity management and new features. The DAO ensures that PGN remains aligned with the community's interests and evolves in response to its needs. Holding PGC thus grants members a voice in the network's development, emphasizing the importance of a decentralized and democratic decision-making process.

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Last updated 1 year ago