What is Polis?
Polis is a community driven cryptocurrency on the Binance Smart Chain (BEP-20 token). We use advanced decentralized blockchain technology and secure transactions. Bringing cryptocurrencies to your daily life.
Polis is a cryptocurrency for communities, from the community and to the community. It lets everyone vote on and proposes changes to the Polis network. Community consensus is the core of the Polis philosophy. Everyone controls the future of Polis.
The Polis Protocol is an ever-growing collection of services on top of the Polis BEP20 token. Polis holders benefit from providing liquidity, farming, vaults, and upcoming services built on the Binance Smart Chain. Polis holders also are able to create, vote, and fund proposals through our governance smart contracts to shape the future of the protocol and carry initiatives that drive the project forward.
You can find more on the tokenomics and protocol structure of Polis in the Polis documentation.
A DAO is a “Decentralized Autonomous Organization“ or a corporation without a central authority that can be governed by a multi-party of authorized members chosen by a bigger community. Throughout the years, several DAO and governance attempts have been made since cryptocurrencies started. From Dash to Ethereum’s “The DAO“, all these organizations have had various problems, from lack of orgainization to falling into outright centralization. After thinking about it, we developed the DAO Senate to create a functioning DAO that is not only decentralized, but also organized and structured. There 5 DAO Managers, they are elected in a dencentralized way and cover the following areas: Technology, Marketing, Business, Adoption and Communication, to support and drive the different areas on behalf of the community.
DAO Senate lets everyone vote on and propose changes to the Polis network. Governance proposals ranging from charity projects to marketing initiatives are voted on by Polis users. There are 3 governance areas in which proposals and changes can be voted on by Polis holders.
Everyone has an impact in our community. Any Polis holder can bring a proposal for the Community to vote. Once approved, the proposer is able to claim the approved amount of coins from the treasury to fulfill the project/tasks/activities.
To vote you have to lock at least 100 Polis (DRACHMA) in Staking. 100 polis (DRACHMA) are one vote. Each proposal can be voted for once with its voting power.
Area 1 Governance staking contract (Plutus):
– Quorum 35%
– To make a proposal 1.5% of the total supply. (locked Token in DRACHMA / Stake)
– Days to vote 3.5
– Timelock 2 days
Area 2 Governance Treasury (Agora):
– Quorum 4%
– To make a proposal 1 % of the total supply. (locked in DRACHMA / Stake)
– Days to vote 10
– Timelock 1 day
Area 3 Product adjustments
– Will be published from the launch of the Index Fund Community consensus is at the core of the Polis philosophy.