DAO

Wirex Pay will be governed by a Decentralized Autonomous Organization (DAO) established after the Token Generation Event (TGE). A DAO is an entity structure where token holders participate in management and decision-making processes. Unlike traditional organizations, a DAO operates without a central authority. Instead, power is distributed among token holders who collectively cast votes.

All voting and activities conducted through the DAO are recorded on a blockchain, ensuring transparency and making all user actions publicly viewable. The Wirex Pay DAO empowers token holders to raise and vote on proposals. This democratic and decentralized approach ensures that the network remains community-controlled and evolves to benefit its users.

Token holders can stake their tokens to increase their rewards and voting power, both dependent on the staking duration. The community will also manage the treasury and handle various operational activities.