Skip to content

Latest commit

 

History

History
171 lines (120 loc) · 9.28 KB

Operating-Agreement.md

File metadata and controls

171 lines (120 loc) · 9.28 KB
Raw

REtoken DAO LLC | Operating Agreement

REtoken DAO LLC (a Wyoming DAO LLC)

REtoken is organized under Wyoming's DAO LLC law.

Wyoming DAO LLC Regulations (2021 - SF0038)

[WY] 17-31-104. NOTICE OF RESTRICTIONS ON DUTIES AND TRANSFERS

The rights of members in a decentralized autonomous organization may differ materially from the rights of members in other limited liability companies. The Wyoming Decentralized Autonomous Organization Supplement, underlying smart contracts, articles of organization and operating agreement, if applicable, of a decentralized autonomous organization may define, reduce or eliminate fiduciary duties and may restrict transfer of ownership interests, withdrawal or resignation from the decentralized autonomous organization, return of capital contributions and dissolution of the decentralized autonomous organization.

Elimination of Fiduciary Responsibilities

We hereby elect to eliminate fiduciary duties for all members of REtoken DAO LLC.

[WY] 17-31-113. WITHDRAWAL OF MEMBERS

As indicated within "RIP-1 | Genesis Proposal (Season 0)"

$RETOKEN is for fun.

If any member chooses to entirely withdrawal from REtoken, they may send their entire $RETOKEN balance to safe-poly.REtokenDAO.eth (wallet address: 0x0A2830525ea50d274e24D2911Cf514523dBE10d8).

Disputes / Dispute Resolution

  1. Dispute resolution must first be attempted within the DAO community prior to involving 3rd parties.
  2. In the event of unresolved disputes next course of action is non-binding mediation.
  3. Final course of action is individual binding arbitration.

By participating within this DAO you are waiving your right to a jury trial and any class-action lawsuits.

Treasury Management

Gnosis Safe Multi-Sig Treasury Wallet

safe.REtokenDAO.eth (Ethereum)

0x2452A5721DE3e43169c456E464774B68a3942480

safe-poly.REtokenDAO.eth

0x0A2830525ea50d274e24D2911Cf514523dBE10d8

Multi-Sig Signers ("Owners")

  • Ryan | 0x4698e888743aAc490486bD03F12685A7E6DE5EeF
  • MrsYonks | 0x4C9598DFaCc61d5E26541ac27cC1cB0bc793c9Cb
  • Yonks | 0xE1b1aEC67295E36803be239e55e0e3B67AF4fFB4
  • Amy | 0xF777A76dA9BC45e04De48FB07164f52c64d56317
  • Theresa | 0xc6cCcA85930C7A3CE7E0c559469466e7de905A1E

Policies

  • Any transaction requires the confirmation of: 3 out of 5 owners
  • can be updated in the future
  • expect that this will be a function of our forthcoming “Board of Stewards” (BoS)

Version History

verbiage that will be used to amend Articles:

REtoken DAO LLC is an algorithmically managed Decentralized Autonomous Organization (DAO). The notice of restrictions on duties and transfers appear in the operating agreement. REtoken DAO LLC is governed using https://snapshot.org/#/retokendao.eth with contract address: 0x48FBAA61DE702becB9b4AC0c6aFe3F9abcaFF914 which can be viewed at https://polygonscan.com/address/0x48FBAA61DE702becB9b4AC0c6aFe3F9abcaFF914

Appendix 1: RIP-1 | Genesis Proposal (Season 0)

REtoken DAO | The Real Estate DAO

Mission

REtoken DAO aims to:

  1. Become recognized as “The Real Estate DAO”
  2. Create a recurring multilingual educational virtual summit that will be delivered for free
  3. Develop a 3-tiered Fractionalized Real Estate certificate program that provide CEUs (Continuing Education Unit); and
  4. Become the most prominent and globally recognized Real Estate Tokenization / Security Token brand.

Founding Principles

  • Community Owned and Operated
  • Full transparency
  • Best Practices: Find, Implement, and Refine
  • We will be intentional about developing win / win / win projects

REtoken DAO | Season 0 / 1

What is a “Season”?

A season is an agreed upon window of time when members can align on projects that help us in achieving our broader mission.

Season 0 | Genesis

During this initial season we are laying a solid foundation while being intently focused on delivering value to our members.

Season 1 | Initial DEX Offering (IDO) Listing

When $RETOKEN becomes listed on a DEX (UniSwap, SushiSwap, HoneySwap, Acala, etc), this will initiate season 1.

Governance Process

Board of Stewards

The community has agreed to “roadmap” implementing a Board of Stewards (BoS) (see write up on SporkDAO). We anticipate that this process will occur within Season 0 with the expectation that the BoS will initiate efforts and planning migration into Season 1.

Discord Post / Poll ⇒ https://discord.com/channels/877883581903564860/882910920240680970/883801541230858241

The Board of Stewards' primary responsibility is to help the DAO operate smoothly and efficiently so that REtoken DAO will be a catalyst for disrupting the Real Estate industry with Blockchain Technology.

Initial Voting / Proposal Process

  1. Discussion origination ... here on discord (Working Groups, Community Calls, etc)
  2. Create Discord Thread w/Poll ("temp check")
  3. Proposal DRAFT on Google Docs
  4. Share Google Docs with community on previously created Discord thread
  5. Submit proposal on Snapshot
  6. Community votes on Snapshot Proposal

Two Proposal Types: RIPs & TDPs

  • RIP = REtoken Improvement Proposal … proposals that do not involve the allocation of funds from treasure
  • TDP = Token Distribution Proposal … proposals that release treasury funds

#FairLaunch & Tokenomics

$RETOKEN is a “Fair Launch”. There are 0 “Founder Tokens”. See $RETOKEN | Token Policy below for additional details.

Tokenomics Working Groups

In the spirit of “full transparency”, we recorded the working groups and uploaded them to YouTube.

External Links

$RETOKEN | Token Policy

$RETOKEN is for fun.

$RETOKEN is for learning.

$RETOKEN is for meeting new people and making connections with others who share similar values and goals.

$RETOKEN is a community utility token designed to give access and rewards to its members.

Key examples of utility are:

  • Access to community Discord, or other community portals built within the web3 ecosystem.
  • Access to community, network, and working groups.
  • Access to events.
  • Access to content.
  • Access to future tools, content, or events created by community members.
  • Access to tools used for marketing or advertising.

Key example of rewards are:

  • Creating or producing research or content.
  • Producing or contributing to community events.
  • Development of tools for marketing or advertising.

$RETOKEN is not a currency.

$RETOKEN does not represent any ownership of intellectual property rights, royalties of future revenue, or claims on assets created by REtoken DAO LLC, its affiliates, partners, or owners.

$RETOKEN has no financial value and offers no rights or claims to assets or revenue.

$RETOKEN Total Supply: 10,000,000

$RETOKEN Token Contract: 0x48FBAA61DE702becB9b4AC0c6aFe3F9abcaFF914

Token ID: RETOKEN

polygonscan confirmation: https://polygonscan.com/address/0x48FBAA61DE702becB9b4AC0c6aFe3F9abcaFF914