Builder PLS Allocations & Lack of Ongoing Governance and Management

PlutusDAO is not making any representation, promise, guarantee or assurance that any PLS granted to its members or service providers, or any funding or resources of the members, will be held, used or spent for the benefit of the PlutusDAO community. Any sale or other transfer or distribution of PLS tokens by PlutusDAO or its members or service providers could occur without warning. Any such transaction would increase the circulating supply of PLS tokens. Depending on the number of PLS sold, transferred or distributed, the terms of sale, transfer or distribution and the prevailing market conditions, such a sale, transfer or other distribution could have a material adverse effect on the price or value of, or demand for, PLS tokens.
The members of the PlutusDAO and their service providers will hold a substantial amount of PLS. Any use of such PLS to vote in governance could affect governance outcomes. The members and service providers of the PlutusDAO are not promising to participate or to refrain from participating in PlutusDAO governance, whether by voting PLS, vePLS or pls-Assets or otherwise. PlutusDAO and its members and service providers are not promising that, if any of them do participate in PlutusDAO governance, they will vote in any particular way, observe any standard of care or act in the best interests of PlutusDAO users, PLS holders or any other persons. PlutusDAO or its members or service providers could have financial interests or other interests or incentives which could outweigh their respective interests and incentives (if any) relating to PlutusDAO.
Last modified 2mo ago