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
  3. Voting on Investment Projects

1. Experts & Protectors Vote

An investment project can be submitted to the Experts and Protectors Vote after the project profile has been formed and on the condition the required investment size does not exceed the amount of DAO Treasury assets and the investment size limit set for the Experts. Investment projects with the required investment size exceeding this limit are considered under the Voting on Proposals procedure.

Experts & Protectors Vote lasts for time T0, e.g., 72 hours (V). Experts and Protectors can vote "For", "Against" the project or abstain from voting. An investment project is considered to be accepted by the Experts and Protectors if:

· There are more "For" votes by Experts than "Against" votes and abstentions. The settings will allow for individual Experts to have more than 1 vote. For example, Chief Expert with 2 votes;

· There are more “For” votes by Protectors than “Against” votes and abstentions. If a Protector abstains from voting, he/she is considered to be not fulfilling his/her duties, with the corresponding stipulated consequences regarding his/her reward and their future in the role of DAO (V) Protector.

An Investment Project is considered blocked by Protectors if there are more Protectors' votes “Against” and abstaining than there are votes “For”.

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Last updated 2 years ago