# Governance Token - $PRD

$PRD is the governance token within the Prodds Ecosystem, designed to empower holders with both economic and governance privileges. The two main features of $PRD are the $PRD Supercharger and Governance Rights. These features allow holders to actively participate in the platform’s success, from staking for rewards to influencing strategic decisions through the upcoming DAO.

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Participation in the $PRD Supercharger and Governance Decisions is subject to minimum holding requirements and other eligibility criteria. Not all $PRD holders will qualify to participate in these activities.
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## DAO Setup Timeline

The full governance capabilities will be unlocked once the Prodds DAO is established, creating a decentralized decision-making body. The DAO setup process will be initiated once $PRD reaches:

1. 5,000 independent wallet holders; AND
2. At least 1,000 wallets holding more than 0.01% of the total circulating supply.

The circulating supply is calculated by excluding genesis allocation wallets and the $RDM Variable Reserve wallets from the total supply, ensuring that governance is driven by a broad, engaged base of $PRD holders.

## $PRD Supercharger

The $PRD Supercharger is a unique staking mechanism within the Prodds Ecosystem that provides $PRD holders with a source of economic participation. By staking $PRD in the Supercharger, holders earn a share of $RDM received by **Prodds Community Wallet**. This feature creates a long-term incentive for holding and staking $PRD, aligning individual user interests with the platform’s growth and sustainability.

## Governance Rights

Once the DAO is fully established, $PRD holders will be empowered to vote on essential aspects of the Prodds ecosystem. The scope of governance includes, but is not limited to:

1. **$RDM Backing Mechanism** 

   Adjustments to the Stable Reserve portion (from 80% to 95%) and the composition of the Variable Reserve, which must include at least 5% of each asset ($POL and $PRD).
2. **Burning Mechanism of $PRD**

   Proposals on token burn policies, impacting supply dynamics and long-term value.
3. **Prodds Predict Platform Fee Rates** 

   Decisions on platform fee rates within Prodds Predict pools, allowing the community to influence the platform’s revenue model. 
4. **Additional Proposals**

   Any further features, updates, or platform adjustments that the community deems beneficial for Prodds’ mission and user experience.