Rules for the DAO
The DAO will be governed by the Katsco team along with the DAO community, including donors, DAO nodes, DAO stakeholders, and DAO NFT token holders.
Voting and decision-making within the DAO will be conducted via a smart contract in the form of staking, native governance tokens, and DAO NFTs. In case of a tie, the team will vote to break it. Each contributor is limited to one vote per occasion.
Decisions on how to distribute the donations within the DAO will be put up to a vote every time the team or recipients who better fit the DAO contribution presents something to the DAO community.
The DAO and its community's assets will be properly preserved in a decentralized way where assets and donations have both virtual and physical assets within the IRW.
Proposals and voting will be relevant to technology, products, projects, token distribution, and governance structure. Benefits of contributing within the DAO will include having access to the Galileo market twice a year to mint one's own NFT collection. A portion of the minting will go right back to the DAO ecosystem treasury in the form of donations to keep things transparent.
DAO contributors, node validators, and recipients can send proposals for programs, events, and NFT collections to the KatsCo team for review and a vote if deemed beneficial to the DAO or if there are no malicious or bad actors that will benefit from the vote.
The DAO will be structured as a non-profit and decentralized organization with some financial benefits for users. The only regulation will be in the form of soft KYC mainly for the receiver or beneficiaries. If donations are made in the form of physical assets, no KYC will be used. The DAO will try to help the end user receive help, regardless of country, regulations, and sanctions that may inhibit or prevent them from receiving it.
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