Brain Burner7 Aug 2023 15:40
Key points about the structure and mechanics of Supplyme@Capital DAO:
Membership: Anyone can become a member by holding at least one unit of the native token issued by the DAO. Each token represents an equal share of ownership in the DAO.
Governance: The DAO makes decisions through a continuous approval voting system where proposals are submitted by anyone and approved by a certain percentage of voters before they take effect. Proposals can include suggestions for new projects, allocations of funds, changes to the DAO's constitution, and more.
Funding: The DAO raises funds primarily through sales of its native token, which are used to support projects and initiatives aligned with the DAO's mission. The DAO has a treasury balance that holds all the funds received from token sales and can be used to make investments or grants to external projects.
Treasury Curators: The DAO appoints individuals or groups to act as curators responsible for managing the treasury balance and submitting proposals for investment opportunities. Curators are elected by members through a vote and serve fixed terms.
Constitution: The DAO has a written set of rules known as the constitution that outlines the principles guiding deci-sion-making processes, membership criteria, and other aspects of the DAO's operation. The constitution can be amend-ed through a proposal process similar to other decisions made by the DAO.
Transparency: All major decisions made by the DAO are recorded on a public blockchain and available for review by anyone interested in the DAO's activities. This includes minutes of meetings, votes cast, and financial statements show-ing income and expenses.
Some examples of notable strategic investors in the Supplyme@Capital DAO:
ConsenSys Ventures - A venture arm of leading Ethereum development studio ConsenSys that focuses on supporting startups building on the Ethereum blockchain.
Scalar Capital - An institutional cryptoasset manager that provides liquidity provision and market making services for various blockchains including Ethereum.
CoinFund - A cryptoasset management firm founded by former employees of Coinbase focused on providing seed stage financing and advisory services to blockchain projects.
Polychain Capital - A leading cryptoasset hedge fund that invests in a diversified portfolio of blockchain projects and companies.
Digital Currency Group - A global investor network that supports innovation in the blockchain industry through in-vestments in startups and infrastructure providers.
Before anyone asks:: These are most likely for development NOT IM’s
GLA