Economics

Progressive Decentralization

Plenny adheres to the concept of progressive decentralization. As a basic security measure, the smart contracts of Plenny are rolled out gradually. The system is designed with configurable rules and thresholds that intentionally limit the functionality of Plenny based on governance voting.

At the beginning of the experiment (i.e. Alpha release), early adopters took over the original token inventory (i.e. Nucleus release) left behind by the inventors, and only used limited amounts of token to test the Dapp. Contracts were deployed in a guarded launch with a conservative set of parameters, allowing users to interact with Plenny in a limited scope. This de-risking approach followed best-practice procedures to protect both users and Plenny.

The beginning phases (i.e. Alpha and BETA release) are experimental to explore the Product-Market-Fit with sandbox-style token distribution to early adopters. Once Plenny gains traction, the community will expand via open-source development and start adding token incentives for users within the larger ecosystem.

The final stage is to seek widely distributed token adoption, to spread source code and technical control, share voting powers with peers, and donate the remaining elements to the public domain. At this point, the development of Plenny will be transferred to the community through a specific deployment procedure whereby access to wallets and token of Plenny are surrendered in favor of the smart contracts (including irrevocably locking down admin keys for use by DAO Governance in perpetuity). At this stage, the allocated supply will be locked up irreversibly as proven cryptographically and publicly over the blockchain.