Decentralized Autonomous Organization

2. Governance and Organizational Structure

Blockum DAO operates on a cutting-edge governance model that prioritizes transparency, inclusivity, and community engagement. Our organizational structure is designed to empower members to actively participate in the discovery and promotion of promising business opportunities, facilitating a collaborative environment where the collective wisdom of the community can be harnessed to support innovation and growth.

Governance Model #

The BlockumDAO employs an innovative and participatory governance model designed to empower its community members to foster the growth of promising business opportunities. This model revolves around proposal submission and management, with a strong emphasis on the crucial role the community plays in guiding the direction of the DAO.

Proposal Submission and Management #

  • Initiative of Proposals: Any BlockumDAO member has the right to initiate proposals, playing a pivotal role in highlighting potential business ventures. This inclusive approach ensures a rich diversity of ideas for consideration.
  • Submission Process: For a proposal to be submitted, a member must pay a fee in FGOL tokens. This fee underlines the seriousness of proposals and contributes to the DAO’s integrity. Uniquely, this fee is distributed among the community, leveraging the FGOLDistribution contract for transparent and equitable allocation.
  • Promotion and Engagement: Proposers are encouraged to promote their proposals both within the BlockumDAO community and externally. This strategy is aimed at garnering broad support, stimulating rich discussions, and encouraging greater participation in the voting process, thereby enhancing the proposal’s visibility and potential for success.

Voting and Quorum #

  • Community Participation: Emphasizing the importance of member participation, the BlockumDAO’s governance model values each vote in reaching a quorum. This critical step confirms the community’s backing for a proposal.
  • Quorum Requirements: Achieving a quorum involves meeting predefined thresholds of member participation and capital representation. This balanced approach ensures decisions reflect wide consensus within the community, harmonizing member engagement with financial commitment.

Proposal Fee and Redistribution #

  • Fee Management: The submission fee paid by proposers is not merely a procedural requirement but is redistributed among the community, following management by the FGOLDistribution contract. This innovative approach ensures fees directly benefit the DAO ecosystem and are allocated in a manner that rewards community participation.
  • Reimbursement Policy: If a proposer decides to withdraw their proposal before the voting process begins, the submission fee is reimbursed to them. This reimbursement allows the proposer to reconsider or revise their proposal and submit it again for community consideration. It’s crucial to note that this process allows for the fee to be reused by the proposer for future submissions, emphasizing flexibility and encouraging thoughtful proposal development without withdrawal options.

Transparency and Accountability #

The governance model of BlockumDAO is crafted on principles of transparency and accountability, offering a structured approach for proposal submissions, voting, and the fair management of proposal fees. Engaging community members in essential decision-making processes while ensuring an equitable handling of fees, the DAO promotes a dynamic and participatory ecosystem. This model not only aids in pinpointing and backing promising ventures but also assures that the DAO’s operations are aligned with its community’s interests, fostering innovation and progression within the blockchain domain.

BlockumDAO Organizational Structure #

BlockumDAO’s organizational structure is meticulously designed to leverage the collective capabilities of its community, driving forward the mission to foster innovation and growth within various sectors of the economy. Central to this structure are the mechanisms for membership participation, council responsibilities, and a reward system that aligns with the contributions of its members.

Membership and Council Participation #

Becoming a member of BlockumDAO is a process that involves actively contributing to the ecosystem. This is achieved by forming a market through the allocation of FGOL and WETH tokens in the Blockum pool and subsequently allocating LP tokens to the DAO. Membership tiers, ranging from Blockumer Nebula to Solarius, signify the level of contribution and commitment a member has made to the DAO. These tiers not only recognize the member’s investment but also determine their eligibility for council participation:

General Structure #

  • Contributors: Contributors play a vital role in the DAO’s ecosystem by providing expertise, executing tasks, and driving initiatives forward. This group includes developers, marketers, legal advisors, and other specialists who work on projects aligned with the DAO’s objectives.
  • Community Members: At the heart of the DAO are its community members, who participate in governance, propose ideas, and contribute to the DAO’s projects. Members are encouraged to vote on proposals, partake in discussions, and leverage their unique skills to support the DAO’s mission.

Council Structure #

  • Main Council: The Main Council acts as the executive body of the DAO, overseeing its strategic direction, financial management, and the integration of sectoral insights into the DAO’s broader strategy. Members of this council are rewarded through a distribution system tied to the Blockum wallet in each vault contract, which receives a percentage of every distribution.
  • Sectoral Council: Members of the Stellaris tier and above may participate in the Sectoral Council relevant to their expertise or interest. The Sectoral Council is tasked with identifying promising investment opportunities within its sector, participating in sectoral events to promote the BlockumDAO ecosystem, and advising on strategic initiatives tailored to sector-specific challenges and opportunities.
  • Governance Council: This council oversees the DAO’s governance processes, ensuring they remain transparent, fair, and efficient. It also addresses disputes, proposes changes to governance policies, and monitors compliance with the DAO’s principles.
  • Advisory Board: Comprising experienced professionals and thought leaders, the Advisory Board provides strategic guidance, mentors projects, and offers insights on risk management, technological advancements, and market opportunities.

Council Eligibility: Members who achieve the Stellaris tier or above qualify to participate in a council, ensuring that significant contributors have a voice in the strategic decisions of the DAO.

Reward Structure #

The reward structure for council members is designed to recognize their contributions to the DAO’s governance and operational success:

  • Distribution Mechanism: A portion of the funds from the Blockum wallet, allocated for each distribution, is used to cover the DAO’s general maintenance and operational expenses. The remaining funds are distributed among the Main Council members according to a standardized reward model, which is also applied across other councils, including the Sectoral Councils.
  • Standardized Rewards: Council presidents receive 12% of the allocated tokens, vice-presidents 8%, and the rest is divided among the remaining council members. 
  • Sector Council Adjustment: Specifically, within the Sector Councils, the allocation strategy ensures that 10% of the tokens received are directed to the governance and advisory councils, 5% each, recognizing the unique contributions of these councils to the DAO ecosystem . The rest of the tokens are then distributed according to a standardized distribution.

This comprehensive organizational structure, coupled with a clear and equitable reward mechanism, ensures that BlockumDAO efficiently leverages its community’s collective expertise and enthusiasm. It promotes active participation, recognizes and rewards contributions, and aligns council members’ incentives with the DAO’s overarching goals of fostering innovation and sustainable growth across various sectors.

Policies and Procedures #

BlockumDAO has established a robust framework of policies and procedures to ensure a transparent, ethical, and effective operation. This framework encompasses internal policies, codes of conduct, compliance processes, and conflict management strategies, aligning with the DAO’s commitment to fostering a positive and productive ecosystem.

Internal Policies #

BlockumDAO’s internal policies provide a foundation for its operational, financial, and governance activities. These policies cover areas such as token allocation, project funding, and the distribution of rewards, ensuring that all activities are conducted transparently and in the best interest of the DAO and its members.

Governance and Ethical Conduct #

  • Decentralized Governance: BlockumDAO upholds a decentralized governance model that empowers community members to participate actively in decision-making processes. This model emphasizes transparency, inclusivity, and collective decision-making, ensuring that the DAO remains aligned with its community’s interests and values.
  • Ethical Business Promotion: In collaboration with GoldOfir, BlockumDAO is committed to supporting legally compliant and regulated businesses. GoldOfir conducts thorough analyses to ensure that only ventures adhering to legal standards are considered for support, reflecting our dedication to ethical business practices.

Legal Compliance and Operational Integrity #

  • Observance of Legal Frameworks: Acknowledging the decentralized nature of BlockumDAO, we emphasize our operational commitment to legal compliance across jurisdictions. While BlockumDAO does not directly handle third-party assets or control LP allocations, we foster an environment that respects legal boundaries and encourages the support of compliant businesses.
  • Responsibility and Transparency: BlockumDAO operates with a high degree of responsibility and transparency, particularly concerning our interactions within the blockchain ecosystem. Our policies ensure clear communication and adherence to the highest standards of operational integrity, reflecting our role as a facilitator within the decentralized space.

Revenue Allocation and Community Engagement #

  • Sustainable Operational Model: The revenues generated from the Blockum wallet across various vault distributions are primarily allocated towards operational expenses and infrastructure maintenance. This sustainable model supports the DAO’s ongoing activities and ensures its long-term viability without engaging in direct financial transactions or fiat currency exchanges.
  • Collaboration with GoldOfir for Business Fostering: Direct financial support for sectoral projects and community initiatives is managed by GoldOfir. Through its token exchange model with selected businesses, GoldOfir facilitates a system where profits are redistributed to the community, promoting growth and innovation within the ecosystem. BlockumDAO supports these initiatives through governance and community mobilization, without directly financing projects or educational programs.

Risk Management #

  • Comprehensive Risk Assessment: We conduct comprehensive risk assessments to identify potential challenges to our operations, financial stability, and reputation. This includes geopolitical risks, regulatory changes, and cybersecurity threats.
  • Mitigation Strategies: Based on our risk assessments, we implement targeted mitigation strategies to address identified risks proactively. This ensures the resilience of our operations against unforeseen challenges.

Management Conflict Resolution #

BlockumDAO adopts a comprehensive and fair approach to conflict resolution, ensuring that disputes within the DAO are resolved in a manner that is just, transparent, and serves the best interest of the community. Recognizing the decentralized nature of the DAO and its global membership, our conflict resolution process is designed to accommodate the diverse perspectives and legal frameworks of our international community.

Resolution Mechanisms #

  • Structured Resolution Process: BlockumDAO implements a structured process for addressing and resolving conflicts that may arise among its members. This process begins with open dialogue and mediation, encouraging the involved parties to reach an amicable resolution through constructive communication.
  • Mediation and Arbitration: In instances where initial mediation does not lead to a resolution, the DAO may escalate the matter to arbitration. This phase involves a neutral third-party arbitrator who reviews the dispute in detail and makes a binding decision based on the principles of fairness, the DAO’s policies, and the merits of the case. Arbitrators are selected from a pool of respected community members or external experts, ensuring their impartiality and understanding of the DAO’s ethos.

International Mediation #

  • Cross-Border Conflict Consideration: BlockumDAO places special emphasis on conflicts arising from cross-border activities, acknowledging the complexities introduced by differing legal jurisdictions and cultural norms. Mediation efforts in such cases are tailored to account for these differences, with mediators who possess expertise in international law and cultural competency being preferred.
  • Cultural and Legal Sensitivity: Our international mediation approach is grounded in respect for the diverse backgrounds of our community members. By incorporating cultural and legal sensitivities into our resolution process, we aim to foster mutual understanding and respect, facilitating resolutions that are equitable and acknowledge the global nature of our community.

BlockumDAO’s conflict resolution policies are crafted to support the cohesive and harmonious operation of the DAO, reinforcing our commitment to a community-first approach. By providing clear guidelines and mechanisms for dispute resolution, we ensure that all members have access to fair and effective means of addressing conflicts, thereby maintaining the integrity and collaborative spirit of our DAO.

These internal policies are the foundation upon which BlockumDAO operates. They guide our actions and decisions, ensuring that we achieve our mission of fostering innovation and growth while maintaining the highest standards of responsibility and compliance. Through these policies, BlockumDAO remains a robust, transparent, and forward-looking organization, poised to make a significant impact across the globe.

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