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Transition to DAO

Mindplex Media Management will make the majority of governance decisions in the early stages. As the network matures, decision-making will shift in stages to purely democratic governance, with the following specifics:

Phase 1 (following the initial token generation event)

  • major changes are to be determined by Mindplex Media Management
  • minor changes will be determined by a 51% majority of MPX token holders.

Phase 2 (after the beta version is live)

  • major changes in Mindplex operations: agreement of the Mindplex Media Management plus a 51% majority of MPX token holder votes
  • Minor changes in Mindplex operations: a 51% majority of MPX token votes

Phase 3 (after version 2.0)

  • Major changes in Mindplex operations: a 65% supermajority of MPX token votes
  • minor changes in Mindplex operations: a 51% majority of MPX token votes

Phase 4 and onwards, full DAO

Major and minor changes in Mindplex operation: a 51% majority of MPX token votes