Perpetual Protocol launches the Token Listing DAO with six committee members making coin Listing decisions
On November 23, Perpetual Protocol announced the launch of Token Listing DAO, which makes Protocol currency decisions based on user votes. The DAO will be composed of six committee members, each of whom will receive 40 PerPs per month, and one of the six members will receive an additional 70 perPs per month to perform administrative committee duties. At least 4/6 votes are required for each token approval, and the same percentage of votes are required to remove inactive committee members.
Rights of Token DAO:
1. To decide or veto whether or not a token is listed on the Perpetual Protocol Market;
2. Approved the budget for marketing activities.
At present, users can participate in the election of Token DAO committee members. The registration period is from November 22 to December 2, and the voting will be held from December 3 to December 6.
Previously, Perpetual Protocol used governance forums to vote on whether or not to shelf tokens, which resulted in a slow decision to meet the rapidly growing market demand.
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