DefiboxDAO Charter V3.1
Third DefiboxDAO Organization：
DefiboxDAO consists of all BOX holders, DefiboxDAO Board, DefiboxDAO Observers and DefiboxDAO Executive Team Representatives.
DefiboxDAO Board:
DefiboxDAO Board (hereinafter called “Board”) consists of 5 members which include 1 board secretary and 4 elected board members.
Responsibilities & Rights for Board Members:
1. Board members need to pass Defibox official qualification selection. Then by BOX DAO voting, top 4 members are automatically selected as Board members;
2. Participate in board meetings, listen to the monthly report and development plan from executive team, check and approve Defibox quarterly work plan;
3. Fulfil duties of Board members, improve and approve the DIPs, multi-sig for community assets, and other volunteer work;
4. Each Board member has 1 proposal right;
5. Board members enjoy incentives, A fixed reward of 120 BOX per month; A 300 BOX bonus every 6 months based on the performance of meeting participation, discussion involvement and other contribution which is graded by Secretary and Representative.
DefiboxDAO Board Secretary
DefiboxDAO Board Secretary (hereinafter called “Secretary): selected from previous term board members before new election.
Responsibilities & Rights For Board Secretary:
1. Secretary is selected from previous term board members before new election; The 5 board members and 1 representative have 1 equal vote to decide the new secretary; whoever gets the most vote wins.
2. Secretary has 1 proposal right;
3. Secretary is responsible for daily management of Board: organizing DAO Election, organizing DAO meetings, distributing development task, etc. Fair and open principle shall be followed;
4. Secretary enjoys monthly fixed reward of 180 BOX and a 300 BOX bonus every 6 months based on the performance of meeting participation, discussion involvement and other contributions which is graded by Board and Representative.
DefiboxDAO Observer:
DefiboxDAO Observers (herein referred to as: Observers), as witnesses watching the operation of DAO, are an important part of DAO.
Responsibilities & Rights For DefiboxDAO Observer:
1. Observers are selected automatically from Top 5 - 8 in the election, up to 4 members;
2. Observers have no proposal right but enjoy Observer incentives with monthly fixed reward of 35 BOX;
3. Observers, as DAO witnesses, must be honest and truthful to the community, maintaining the spirit of DAO;
4. Observers during the term automatically become Defibox volunteers and need to fulfill their duties as volunteers.
DefiboxDAO Executive Team Representatives:
DefiboxDAO executive team representative (herein referred to as: Representative), as the executor of Defibox project development, is responsible for project development.
Responsibilities & Rights For Executive Team Representative:
1. Representative is selected by Defibox executive team to serve DefiboxDAO.
2. Representative has no proposal right or DefiboxDAO incentives, but has 1 secretary recommendation vote and bonus assessment right.
3. Representative is responsible for the communication between DefiboxDAO members and the executive team, conveying DefiboxDAO's resolutions to the executive team and ensuring smooth implementation.
Multi-signature of community assets
Total decentralization has always been the goal pursued by Defibox. To deepen decentralization and make BOX holders the real owner of Defibox, the board decided to co-manage the community assets by multi-signature. The total weight of multi-signature approval is ≥5, of which, Defibox weight=3, 5 board members, each member weight=1; multi-signature approval condition A: Defibox project team + 2 board members multi-signature approval; multi-signature approval Condition B: 5 board members signed and approved;
Participating in the multi-signature of community assets is a big responsibility. The private accounts of board members participating multi-signature mean that they have partial control over the multi-signature assets. It is the duty of board members to keep the multi-signature account safe. Any exposure of the private key may cause losses to the Defibox community assets.
Board members:
https://pro.defibox.io/activity/councilResult
Community assets with multi-signature：
https://eos.defibox.io/dataAnalysis/
Board Resolution and BOX DAO Voting:
Decisions concerning Defibox will be determined by Board resolution. Each Board member has 1 proposal right. The proposal right allows abstention and follows the majority rule; the approval fails if the votes are equal. If any two community members that each holds 5000 BOX locked in BSS request to trigger a BOX DAO vote, the matter will be decided by BOX DAO voting. Please use the BSS holding account to send 0.1 BOX to the official account candy.defi with the memo: BOX DAO voting, and inform everyone in the Telegram community.
Term Period:
DefiboxDAO election will be held every 12 months, and DAO summary and bonus evaluation will be held every 6 months. Replacement of DefiboxDAO members need to satisfy one of the following conditions: 1. Resolution and approval by the board; 2. Any 4 community members that each has > 5,000 BOX in BSS submit a BOX BOX voting petition for DAO member replacement. In principle, observers who rank higher in the election have priority to substitute board members.
Bounty Rewards:
Defibox is a decentralized project, and community participation has always been one of the core spirits of decentralization. BOX DAO funds and audit, marketing, operating funds can be used for bounty rewards. Based on the needs of the project, members of the Board will initiate a bounty reward for recruiting community volunteers and professionals to complete tasks such as UI design, smart contract, front-end, back-end, white paper, DIP, consulting, etc. Based on the difficulty and workload, each bounty reward will be 200 - 1000 BOX.
Member Code of Conduct
Code of conduct for members: Fulfil Responsibilities for members in DefiboxDAO Charter; for members that do not fulfil the responsibilities, board members will vote to decide whether to deprive them of their membership or not.
BOX token sale: If a board member plans to sell more than 20,000 BOX, it is recommended to contact the executive team to sell through OTC to avoid impact on the secondary market; if a board member sells more than 50,000 BOX within 30 minutes, this behavior will be seen as a bad behavior that manipulates the market and damages the interests of the BOX community.
Insider information: Board members and observers are prohibited from engaging in trading activities through project insider information.
Other bad behaviors that seriously damage the interests of the BOX community.
Information Disclosure
Defibox Official will examine the real name and relevant qualifications, and only disclose necessary information about candidate qualifications on the DefiboxDAO Election Page.
Election Rule
1. Qualification confirm for applicants
1.1 The candidate must have 1000 BOX of any term in BSS (including locked already), and hand in application form;
1.2 Defibox Official will contact the candidate, checking the authenticity of account, contact info and qualifications;
1.3 If selection is passed, the candidate info will be shown inDefiboxDAO Election Page with direction to voting page and necessary information about candidate qualification will be disclosed.
2. Voting Process
2.1 All candidates will be in BOX DAO voting for election after basic selection with no profession restrictions.
3. List of winners
Candidates need to pass Defibox official qualification selection. Then by BOX DAO voting, they will be selected up to Top 4 to be Board members; Top 5 - 8 as Observers; 72 hours after close of voting, the winner list and inauguration will be announced.
Professions reference:
Technical:
1. Expertise on DeFi, familiar with swap, lending, stablecoin, etc. Deep knowledge on the combination of DeFi, have judgement on Defibox tokenomics and DIP;
2. Representative of Backup BP and BP on EOS;
3. Experienced on project development, able to develop project.
Consulting:
1. Legal consultant: offer legal advice to Defibox DIPs so that they meet up the requirement of regulations and laws;
2. Risk consultant: offer advice to DeFi product and relevant parameters for risk control;
3. Safety Consultant: Offer advice on the safety issue of DeFi protocol and satellite protocol;
4. Other types of consultant: depends on the professions of applicants.
Marketing:
1. Key opinion leaders of communities;
2. Independent writers;
3. Media agencies;
4. Representatives of promotions;
5. Defibox volunteers.
*Profession for reference only, candidates are not profession restricted.
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