Panvala

Panvala serves as a decentralized platform designed to offer a sustainable funding mechanism for various community-driven initiatives and critical open-source projects within the blockchain sector. Since its inception by ConsenSys, Panvala has pursued its mission of addressing underfunding challenges in blockchain infrastructure. It does so by leveraging a unique community-driven governance model and facilitating the distribution of its native PAN tokens which are central to its incentives and governance framework. Participation in Panvala's ecosystem is primarily driven by PAN token holders, who play a crucial role in deciding which grant proposals receive funding, ensuring both the alignment of interests among stakeholders and the transparency and efficiency of resource allocation. The platform promotes collective action and aims to bolster community infrastructures by incentivizing the growth of communal treasuries and memberships.

Technically designed as a decentralized funding platform on the Ethereum network, Panvala operates through a robust slate-based voting system structured across defined stages and epochs to ensure effective community governance and engagement. The system enhances transparency and accountability in decision-making processes, exemplifying a shift towards democratized funding allocation within Web3 ecosystems. Panvala League, comprised of participants contributing to public goods, administers the distribution of PAN tokens as rewards to foster continuous participation. Furthermore, the introduction of Panvala Stamps has enabled member communities to collaborate on collective projects, developing an interconnected network of innovation. The tokenomics surrounding PAN tokens, utilized for both staking in governance processes and rewarding contributions, defines Panvala's distinctive approach to creating a participatory economy in Web3, effectively distinguishing it from traditional venture capital or sales-driven models. Panvala underscores the emerging paradigm of decentralized funding, striving to ensure the long-term sustainability of blockchain infrastructure projects through community empowerment and collaboration.