PillarDAO
A decentralized autonomous association (DAA) aka DAO that builds & funds Web3 infrastructure
Get a Membership NFTWhat is PillarDAO
PillarDAO builds, funds and explores web3, multichain infrastructure and technology for a decentralised future. The DAO is collectively run and member owned - anyone, anywhere can participate and influence the direction of the DAO.
PillarDAO is completely decentralized and the community owns and governs Pillar Wallet. All profits from this product (current & future) are routed directly into the DAO treasury.
Mission
PillarDAO’s mission is to utilize the funds in the PillarDAO treasury to fund:
- Worthy initiatives supporting DAO products.
- Marketing efforts for product distribution.
- Initiatives that upskill DAO members.
- Payment of contributors for their time and efforts.
Our DAO governance structures ensure transparency and efficiency which will lead to a future where individuals control technological development rather than faceless corporations.
Vision
PillarDAO envisions a fully inclusive, non-custodial future, run in a trustless manner where all decisions and actions are transparent and community led. A system that favours member involvement; financial freedom; and development.
Development not only of individual skills and competencies but also cutting edge technological instruments. PillarDAO strives with each decision to accomplish the steps required to take us forward for the betterment of humans and the systems we interact with.
PillarDAO Products
Governance
Governors of PillarDAO have the power to vote on, and submit proposals regarding the products and control of the DAO treasury. Collectively the DAO governors run the DAO and all of its mechanisms.
How to become a Governor
In order to take part in the governance of PillarDAO, Members are required to lock-in 10,000 PLR tokens into the Polygon smart contract on the membership dApp below.
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Once locked each member will receive a membership NFT signalling their governor status and used for verification. Your membership address will be stored, you may be asked to provide name and address in the future to retain membership.
- The lock-in period is for 52 weeks after which a member can optionally burn their membership NFT and unlock their PLR tokens, deactivating governor status.
- PillarDAO proposals are discussed in the Pillar Governance Forum and once consensus is reached, voted on using SnapShot. The process for submitting a proposal is pinned on the forum.
About PillarDAO
In 2020 Pillar Project Foundation decided to start gradually shifting decision-making power to token holders in the PillarDAO. This confirmed the project's community-first ethos and made Pillar the platform where users vote on funding development, business or marketing initiatives. Pillar governance is open and available to all PLR holders enabling them to have a say on the project's future.
In 2022, PillarDAO was officially incorporated in Zug, Switzerland as a legal entity known as a DAA (decentralized autonomous association) and now operates with the purpose of allowing its members to influence and shape the future of Pillar Project and make key decisions for the project roadmap using the Association’s own funds. By setting up a DAA, Pillar Project Foundation was able to legally donate 100 Million PLR tokens to the PillarDAO treasury for use by the members of the DAO.
- The Association can cooperate with or join other organisations that represent the same or similar interests.
- The Association can provide services for the benefit of its members and member organisations or third parties and do anything that directly or indirectly promotes the interests of the members.