💰Economics

Pangea's economy is shaped by a variety of economic roles, each integral to its functioning. These roles, encompassing service operators, contributors, and more, exist as human identities equipped with the Pangea Passport or as collectives in the form of Pangea DAOs, all functioning within the ecosystem as accounts.

The circulation of LEOS, Pangea's native token, through transactions between these accounts, creates an economy designed to incentivise network participation, counter dishonest behaviour, and prevent cybersecurity threats. Pangea's governance system is tasked with fostering a sustainable economy, rewarding network participants for their contributions to its development.

The Pangea governance system is charged with maintaining the economic health of the ecosystem. This includes monitoring internal dynamics and the impacts of external market conditions. As the Pangea economy grows to encompass more complex transactions, the governance system will adapt to nurture its evolution.

The core roles within the Pangea economy, as outlined in the Tonomy Gov OS White Paper, include:

• Citizens: Human members of Pangea.

• DAOs: Teams formed by citizens to create legal entities such as businesses, foundations, and communities.

• Apps: Software applications used by citizens or DAOs for various purposes, including governance, commercial, or non-profit activities.

• Services: Servers (nodes) that operate system services foundational to Pangea's digital infrastructure, such as blockchain nodes or identity verification services.

• Gov: A special DAO or group of DAOs responsible for Pangea ecosystem governance.

Each role contributes uniquely to Pangea’s economic system.

The ownership of LEOS tokens does not give any more or less rights or responsibilities regarding the governance system. Governance is democratic, and weighted only by the amount of identity verification a citizen has.

For further detail on the LEOS token operation refer to Pangea - LEOS (Ƚ) Tokenomics paper.