Current Governance

While we see PUBLC's future as fully decentralized, or as decentralized as possible, currently PUBLC's governance is completely centralized. We have started out like this for practical reasons and aim to gradually move to a more decentralized governance model.

Why is PUBLC centralized?

Our first priority is to deliver a full feature product and give value to PUBLC's ecosystem, and it has taken us years just to bring PUBLC to this point. Trying to do it while being decentralized would have been impossible and try to achieve it would have only have distract us from our main goal.

Current entities that govern PUBLC:

PUBLC Labs: The entity in charge of PUBLC's product and technology development, structured as a for-profit and incorporated in Israel. As a for-profit entity PUBLC Labs has shareholders and is able to raise equity financing. PUBLC Labs' sole revenue comes from PUBLX earned from the PUBLC platforms. It receives 10% of the PUBLX tokens released from Click Rewards and 10% of the PUBLX tokens paid by businesses and advertisers or businesses on the PUBLC platform.

PUBLC Foundation: The entity in charge of growing and supporting the PUBLC platform and ecosystem, structured as a non-profit entity incorporated in the UK. PUBLC Foundation doesn't have any shares, shareholders or any dividend structure. PUBLC Foundation's sole revenue comes from PUBLX earned from the PUBLC platforms. It receives 10% of the PUBLX tokens released from Click Rewards and 10% of the PUBLX tokens paid by businesses and advertisers or businesses on the PUBLC platform. All its revenue is spend on its mission of supporting PUBLC and its ecosystem.