# Governance Overview **Structure** Who owns the DAO? Who controls the DAO treasury? – Holders of $CVL tokens. Is DAO a registered company? – DAO is not a registered company. We are a group of token holders who agree to manage a set of smart contracts on the blockchain. **Principles** DAO is not a company. It does not have a management team or employees. DAO is a group of developers and stakeholders who own $CVL tokens and are motivated for the success of the project, while the developers had no advantages and bought tokens just like any other participant or investor who believed in the project at one of the rounds or on the exchange. Complete equality of the system! Anyone can propose partnerships and protocol updates for the DAO. $CVL token holders will vote to accept or reject these proposals. The DAO gives token holders the right to submit proposals and vote on them. It does not give holders the right to impose their will on other holders. Voting takes place here: [https://dao.cvlp2p.com](https://dao.cvlp2p.com/#/) In order to make an offer or vote, you must have a $CVL token in the amount of at least 1000 tokens on your wallet. ## Every $CVL Counts CVLDAO is owned and governed by CVL token holders. Our initial policy is for the following actions to be executed only after a successful proposal and vote: * token swaps with existing and emerging projects. * treasury allocation into various projects or autonomous entities (in the form of funding, liquidity support, and grants) * updates to Ecosystems Civilizations (including governance and treasury management functions). We imagine that these policies will change overtime after discussions with the CVLDAO community. In Phase 1 CVLDAO will utilize the industry standard setup of XDAO, [Gnosis Snapshot](https://snapshot.org/#/) off-chain governance, and multi-sig administrators. In Phase 2 CVLDAO will look to build a custom governance module, most likely referencing on-chain upgradable solutions such as Compound Governor Bravo. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://civilization.gitbook.io/civilization/dao/governance-overview.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.