💱LEOS Currency Model

Citizens and DAOs pay for Pangea features through Apps using the LEOS currency, paid into a treasury fund governed by Gov. These features are the equivalent of Pangea’s public services if using a traditional perspective on nations.

Gov manages the monetary policy of the ecosystem, which uses a smart contract to automatically pay for Services provided by DAOs that run the network infrastructure.

This flow can be seen in Figure 2 as a circular system in which all money circulates around the ecosystem. If the fees paid for public services through Apps “income” is equal to (or greater) than the costs to run the Services “expenses”, then the ecosystem is said to be in equilibrium (or growth).

Figure 2: Circular Economic Model of Pangea