Manager

Manager – elected role, is an Expert or Chief Expert (number of votes> 1) (basic version). At the stage of DAO formation is appointed by the creator of DAO (basic version).

The manager performs the function of the executive body of DAO, provides full support of its activities, on behalf of DAO opens bank accounts and makes payments (in fiat currencies and cryptocurrencies). The manager is responsible for:

· Maintaining the DAO's connection with the "real" world and paying for all "fiat" payments, for example, for servers;

· Implementation of legally binding agreements in the interests of the DAO with any persons (including companies receiving investments, buyers of DAO assets for fiat currencies in cases of withdrawal from investments, etc.), hiring and working with lawyers;

· Control over the investments made;

· Distribution of allocated funds to recipients in the interests of the DAO in the case of using fiat currencies;

· Provision of financial and other reporting on the activities of the DAO in the case when such reporting is not generated immediately on the blockchain;

· Receiving income from activities (investments) DAO in case such income is received in fiat currency, purchase of cryptocurrency for its amount and transfer it to the DAO Treasury;

· Participation in courts in the interests of the DAO.

The manager receives remuneration for his activities from DAO Treasury and may receive bonuses in DAO tokens. The Manager can be a foundation/trust and/or a special company.