๐ฉTOMIDAO
Decentralized autonomous organization
The tomiDAO will be in charge of all of the decision-making related to tomiNet. The tomiDAO will have several different categories of decision-making, each of which will have an appropriate process associated with the type of decision.
Voting in the tomiDAO can be done through zero-knowledge technologies, so that the voters are identified in terms of their right to vote, but it is impossible to know who voted or how they voted on any of the policy issues or individual websites. This fully decentralized and secret voting system protects the tomiDAO members from coercion or other forms of incentivization.
Anyone who is part of the tomiNet has voting rights in accordance with their commitment, token holdings, and the nature of the decision being taken.
To make proposals to the tomiDAO, the proposal initiator must hold at least one Pioneer NFT. Any Pioneer holder can submit (sponsor) a proposal on behalf of someone else, so that, in fact, anyone can submit a proposal as long as they have the backing of at least one Pioneer holder. This reduces the barrier to entry for proposal-making while ensuring there are some natural filters for proposals. Over time, the conditions may change, for example, requiring the support of five Pioneer holders, etc. The DAO itself will update its own governing procedures as the network grows.
Decision types include:
ยท Governance of the projects, including blockage of websites, domains and wallets, adding, removing and changing the incentives to contributing stakeholders, adding top level domains, etc.
ยท Changes to the DAO protocol, including decisions such as the required quorum, majority, voting period and guidelines.
ยท Using the DAO treasury (comprised on funds accrued from domain sales and royalties, tomiNet payment fees, and other income streams to be resolved by the tomiDAO).
ยท Allocation and oversight of the development fund.
Over time, the tomiDAO will have the ability to self-govern (change its own rules), and to add additional proposal types to the list of decisions that it can take on behalf of the tomi community.
The governance rights of each individual are based on their self-sovereign identity, their token holdings (TOMI utility tokens and Pioneer governance NFTs). The Pioneer NFT memberships are issued on a daily basis until such a time as the DAO will determine to change the issuance.
Once the network is well-established, it will be appropriate for the DAO to change the name of the membership NFTs from โPioneerโ to โMemberโ or some other denomination which indicates the NFT was issued by someone who took less of a risk than the initial pioneering contributors. By making this distinction, the DAO will be able to give different types of governing capabilities to original founding Pioneers versus members who joined later. The DAO will make its own judgment as to whether the Pioneers should have more or less power over time in the governance processes.
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