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 Proposals

3. DAO Voting Type I

All DAO members may vote for a Proposal (1 GT = 1 vote). GTs staked in support of the Proposal at the “List of Proposals” stage are counted as "FOR" votes. The tokens used to vote are staked and remain staked until the DAO Voting is completed.

The Proposal is approved if:

· Votes “For” the Proposal are at least 5% (V, "minimum Proposal approval threshold") of the total number of GT tokens;

· There are more "For" votes than "Against" votes;

· The amount needed to implement the Proposal is available in the DAO Treasury at the end of the vote;

· The Board of Protectors voted "For" by a majority vote (customizable option).

The DAO voting period for each Proposal is T2=72 hours. A Proposal that is not accepted can be resubmitted for a vote after a specified period of time of T4=90 days.

Previous2. Voting QueueNext4. "RageQuit" Timeout

Last updated 2 years ago