A tree with many roots leads to even more branches and leaves. This exchange blurs the lines between CEX and DEX by involving its users in the decision-making process. [AD]
All Phemex Soul Pass holders have the potential to participate in the Phemex DAO governance model. Currently, the exchange is giving out Phemex Soul Pass whitelist spots to active traders and contributors, and users can join thefor whitelist opportunities. Phemex DAO members with vote escrow Phemex Tokens can propose actions and vote on four key areas — the platform’s growth, operations, treasury management, and external partnerships.
“As we make our platform governance structure more decentralized and community-driven, the DAO acts as the decision-making apparatus for all of Phemexia. Its oversight includes operations, treasury management, growth, and DAO-to-DAO collaborations.” Phemex aims to prepare for tomorrow’s world and maintain the trust of its users, underlined by the decentralization of its governance process. Furthermore, the introduction of an immersive, gamified Web3 world will elevate user experience to the next level.
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