REITg is the governance token of the system. Committers and depositors will receive REITg governance token, which is also going to be a tradable asset on the Binance blockchain network. Committers and Depositors will be allowed to receive REITg tokens as long as they have active monthly investments and they will benefit from the advantages of protocol’s governance system.
Committers and Depositors will be able to keep REITg tokens in their wallets and have a say through these tokens in the transparent management of the system within the framework of democratic rules. REITg token holders will be able to submit a system-related request for change (RFP). Committers and Depositors will be able to vote on the suggestions and change requests made to the system at the rate of the REITg tokens they hold.
REIT DAO & Protocol Governance Committee (PGC)
REIT decentralized autonomous organization (DAO) is on the future roadmap of the REIT finance labs and will be discussed among the PGC board members after the first year. In the first year, the PGC board will be established through two (2) core founders of the protocol and three (3) top investors of the protocol based on the total number of REITg token they hold. After the establishment of the DAO, the numbers of PGC board members will be extended to 11 and PGC board will ensure the decisions will be taken within a democratic framework. Top 9 REITg owners and two founders of the protocol will form the PGC board to take decisions for a period of 1-year. Last 4 members will be updated quarterly. PGC will decide for RFPs received from the REITg owners. Among the board, decisions will be taken by quorum.
REIT protocol has an audit policy from day one. Professional DeFi world auditors will audit the code at least quarterly and these reports will be published in the Github repository of the protocol (https://github.com/sampasfinance ).
DeFi Security policy measures
REIT is an open-source project that has undergone serious review by the development community. All the smart contract coding is secure and the platform is non-custodial. REIT has a code review and audit policy on a quarterly basis and will commit to provide code review and audits before each major release. These code reviews and audits will be done by professional industrial experts and will be publicized on the Github repository of the protocol.
