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
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  1. THE JMC DAO MODEL
  2. Voting Mechanism

Voting on Investment Projects

Experts form an Investment Project profile according to certain requirements for its format and content. In particular, the profile shall reflect the following information:

· A link to the forum/chat with the discussion of the project;

· The required amount of investment size, allocation schedule, cryptocurrency type;

· Transit wallets with a description and chain of transits, "white list" of wallets-recipients of funds;

· Presentation materials on the project.

Only the Expert or the Manager (V) can initiate submission of an Investment Project to the on-chain DAO Voting Type II.

Voting on Investment Projects takes place on the blockchain and includes the following steps (all numerical parameters, including the terms T0-T1-T2-T3 and parameters marked V and N, are customizable):

STAGES

DURATION AND RULES

1. Experts & Protectors Vote

Duration = T0 (minimum 48 hours).

- 1 Expert = 1 vote (V), 1 Protector = 1 vote.

- The Investment Project must be approved by the majority of Experts AND the majority of Protectors.

2. Voting Queue

Duration = T1 (minimum 48 hours).

- Common with Voting on Proposals stage.

- Investment Projects have a higher priority than Proposals, except for the appointment of Experts, Protectors or Manager & Proposals with maximum support.

3. DAO Voting type II

Duration = T2 (minimum 72 hours).

- An Investment Project is DISAPPROVED if there are more "Against" votes than the minimum threshold (V) and the number of "For" votes. OR there are not enough funds in the DAO Treasury to invest in the project.

- Otherwise the Investment Project is approved.

4. Ragequit Timeout

Duration = T3 (minimum 24 hours). Not activated if there are no "Against" votes in the "DAO Voting type II" phase. The rules are the same as for Voting on Proposals.

5. Execution

Funds are immediately transferred from the DAO Treasury to the wallets specified in the Investment Project.

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Last updated 2 years ago