JMC DAO Whitepaper
  • JMC DAO PROJECT SUMMARY
  • PROBLEM STATEMENT
    • New ways for organizing investment funds on blockchain
    • The main common problems of modern "early" DAOs and JMC solutions
    • Stakeholders — who need DAOs?
  • COMPETITION
    • The DAO model / framework
    • DAO setup wizard
  • THE JMC DAO MODEL
    • Operating Sheme
    • Basic Version
    • JMC DAO Member Roles
      • DAO Participants / Token Holders
      • Panel of Experts
      • Council of Protectors
      • Manager
      • Project Manager
      • Agent
    • DAO Treasury
    • DAO Tokens
    • Voting Mechanism
      • Voting on Proposals
        • 1. List of Proposals
        • 2. Voting Queue
        • 3. DAO Voting Type I
        • 4. "RageQuit" Timeout
        • 5. Execution
      • Voting on Investment Projects
        • 1. Experts & Protectors Vote
        • 2. Voting Queue
        • 3. DAO Voting type II
        • 4. "RageQuit" timeout
        • 5. Execution
  • THE "DAO SETUP WIZARD" PLATFORM
    • WALLETS AND TRANSACTIONS
    • DAO SETTINGS AND PLANNED FUNCTIONALITY
      • 1. DAO tokens
      • 2. DAO Token Holders, Experts, Protectors, Manager, Agents
      • 3. DAO Treasury
      • 4. Classes of Standard Proposals
      • 5. Proposals
      • 6. Investment Projects
      • 7. DAO Voting
      • 8. DAO Design
  • THE DAO LEGAL WRAPPER
  • MONETIZATION
    • "Freemium"
    • $10B Growing Market
  • THE PRO TEAM OF 4 CEOs
Powered by GitBook
On this page
  1. THE "DAO SETUP WIZARD" PLATFORM
  2. DAO SETTINGS AND PLANNED FUNCTIONALITY

7. DAO Voting

When setting up a DAO, it will be possible to define parameters related to DAO voting, including defining who is allowed to vote: all GT wallets (DAO participants) or only those that meet certain criteria. It can be implemented that wallets admitted to voting receive special NFTs. In this case, only those wallets that have the required minimum GT balance and corresponding NFTs will be allowed to vote. Examples:

· For a certain DAO, the KYC procedure is mandatory for voting participants, which can be carried out by an external provider, for example, Blockpass. DAO participants who have successfully passed KYC will receive the appropriate NFT and will be allowed to vote;

· In order to protect against attacks, the DAO may decide that it will only allow GTs that are held in their customers' wallets or have been staked for at least N months at the time the votes are cast.

In addition, when setting up a DAO, it will be possible to determine:

· Minimum and maximum deadlines for the Proposal and Investment Project to pass all required stages.

· Priority of a Proposal in the Voting Queue, depending on its level of support at the stage of the Proposal List.

· How many Proposals and Investment Projects can be voted on by the DAO at the same time (in the basic setting — 1).

· If there are Investment Projects in the Voting Queue that have been approved by already "dismissed" Protectors or Experts, should the Platform once again recalculate the Expert and Protectors' votes on them (as a result such projects may be rejected) or do nothing?

· Disabling/enabling Ragequit functionality.

· Ragequit Cancellation Threshold. How many GTs must be submitted for the Ragequit redemption so that the decision can be canceled and the Ragequit will not take place.

Previous6. Investment ProjectsNext8. DAO Design

Last updated 2 years ago