PearDAO

What is Pear (PEX)

PEAR is a decentralized online marketplace. The main goal is to provide an open, free, decentralized marketplace that facilitates the exchange of goods and value using a decentralized payment system (cryptocurrencies), a decentralized marketplace (PEAR network) and a decentralized Moderator (PEAR DAO).

How is PEX different

Peardao (PEX) aims to complement the CEX and DEX-driven cryptocurrency ecosystem by enabling the exchange of value between on-chain, off-chain and cross-chain ecosystems, much like what we are seeing in centralized ecommerce marketplace like eBay and Amazon. Transactions on the Pear marketplace are executed through smart contract(s), facilitated by encrypted chat tools. Credit history is public and transparent to all and arbitration is done through a decentralized dispute management system.

Pear seeks to become the leading open marketplace. The marketplace will eventually be compatible with any type of commerce transaction, payment method, and chain agnostic. PearDAO is a decentralized autonomous organization (DAO) where members can make decisions to set rules for their ideal marketplace. PEX’s vision is to become part of the infrastructure for the Web3 ecosystem.

Pear DAO Governance

PEX token is created to maintain the governance of the PEX DAO. Holders of the PEX token are able to set rules and make changes to the Pear decentralized marketplace by polling and voting mechanisms. During the early phase of Pear DAO’s establishment, PEX holders would be able to submit their proposals to the organization prior to the iteration phase. The proposals are voted during the iteration phase. Voting power is determined by the amount of PEX tokens that are available or staked by each individual wallet address. Proposals with the highest vote are elected and changes are made which affects the configurable portion of the smart contract(s). There are two forms of changes – Governance or Operational. Governance change set new rules and regulations for the marketplace, while Operational changes affect how the current marketplace is being operated.

Governance changes:

- Adding new blockchain ecosystem that should be supported by Pear;

- Resource allocation that will dictate the future of Pear;

- Blockchain infrastructure that should be adopted;

- Allocating funds for a specific type of research that will ultimately benefit the Pear marketplace in the future;

- Exploration of new ecosystems and token economies which should have a positive impact for all PEX holders;

- PEX burning mechanisms;

- DAO treasury funding mechanisms.

Operation changes:

- Adding new asset types that can be traded on the market;

- Adding new assets types that can be used as payment methods on the market;

- Choosing / Formulating the type of marketing and promotions that should be done;

- Specific configurations for collateralized trade limit ;

- Maximum / Minimum amount of assets that can be traded per order;

- Maximum / Minimum amount of assets that is available per online advertisement;

- Specific configurations for dispute handling and appeal processes;

- Propose for the types of partnership / sponsorship that should be considered by Pear DAO;

- Risk mitigation strategies and risk warnings on the marketplace;

- Removal of certain asset type on the marketplace that is damaging the long term benefits of Pear DAO;

- Beneficial alterations to the current trust score system.

The speed of every iteration cycle will increase when the community has become more experienced and gained more expertise in managing the types of trade and functions that are available on Pear marketplace. Eventually, a mature and healthy community will set the future of Pear and PEX, and there shall be more changes that will be made available to PEX holders.

How it works

Buy Crypto

Sell Crypto

PEX Token

Utility (Spending use case)

- Pay for dispute handling services

- Stake for higher trade limit

- Stake to become a dispute handling node to earn dispute handling fees

- As governance token to determine key configuration and vote on platform’s future development

Earn

- Resolving dispute and receive dispute handling fee

- Fees collected by the PEX network will also be distributed to PEX holders

Pex Token Contract Address

To be announced

Token allocation

All released tokens will be transferred to the DAO treasury funding account. The funds will be used to support DAO proposals that have been approved by the PEX voters.

- DAO Treasury Funding Account Address: To be announced

- Token Generation Event: To be announced

Defi 2.0

In the future, part of the fee generated by Pear marketplace will be locked under treasury to provide backing to PEX token’s value. PEAR DAO may also use fee generated by the marketplace and other feature related projects to provide liquidity and locked them indefinitely to provide liquidity to PEX token

Roadmap