Governance

Introduction

Pixa is an ERC-20 token designed to govern key parameters of the Pixa protocol, controlling the platform's value accrual and distribution. Voting rights are proportional to the amount of Pixa tokens a user owns or delegates. The Pixa DAO ensures well-informed and transparent decision-making, maintaining open communication with the community.

Governance Proposals

Pixa Improvement Proposals (PIPs) are classified into three main categories: Protocol, Ecosystem, and Community.

PROTOCOL: Proposals requiring on-chain actions, such as treasury grants and changes to platform fees. See Governance Powers for details.

ECOSYSTEM: Proposals aiming to modify a process or implementation, including partnerships, integrations, and enhancements to the Pixa ecosystem.

COMMUNITY: Proposals providing general guidelines or information, fostering community growth and engagement.

Governance Process

The Pixa Governance Process consists of three phases: Idea Incubation, Proposal Drafting, and Execution.

Phase 1 - Idea Incubation: Ideas and proposals are initially shared in the Idea Incubation channel, allowing the community to discuss, provide feedback, and refine the concept. If an idea gains traction and receives positive feedback, it moves to the Proposal Drafting phase.

Phase 2 - Proposal Drafting: In this phase, a detailed proposal is drafted, addressing all aspects and potential impacts of the idea. The proposal is presented to the community for additional feedback and suggestions. Once finalized, the proposal advances to the Execution phase.

Phase 3 - Execution: The proposal is put to a community vote, with Pixa token holders casting their votes proportionally to their token holdings. If the proposal garners majority support, it is executed and implemented within the Pixa ecosystem.

Governance Powers

Community governance holds the authority to control the Pixa protocol's value accrual and distribution. This includes:

• Setting protocol fee rates

• Allocating treasury grants

• Amending proposal requirements

• Establishing and modifying committees

In addition, governance has the power to perform various on-chain functions, such as:

• Setting governance timelocks

• Setting quorum thresholds

• Adjusting proposal thresholds

• Modifying voting periods and delays

Committees

To optimize specific operations, the DAO's activities may be governed by specialized committees. These committees work collaboratively to transfer their functions to the broader governance over time.

A. Development Committee: This committee is responsible for overseeing the technical development and upgrades of the Pixa ecosystem, ensuring seamless platform performance and user experience.

B. Marketplace Committee: The Marketplace Committee manages the Pixa NFT marketplace, curating the inclusion of audited and authentic NFT projects and maintaining a user-friendly interface for trading and rewards distribution.

C. Community Engagement Committee: Tasked with fostering community growth, this committee focuses on promoting events, collaborations, and educational initiatives to strengthen the Pixa community.

Each committee's members are elected periodically, ensuring fair representation and an opportunity for new voices to contribute to the platform's development.

Pixa Token Distribution

The initial supply of 250 million Pixa tokens is distributed as follows: 54% to the Community, 22% to Contributors, 17% to Investors, 5% to Team and 2% to Advisors. This allocation ensures a balanced distribution of tokens among stakeholders, promoting a fair and decentralized governance model.

In conclusion, the Pixa governance model is designed to empower the community in shaping the platform's future while maintaining transparency and decentralization. Through a clear proposal process and various committees, Pixa aims to continuously innovate and adapt to the evolving digital art and gaming industries.