Delnorte DAO: Governance, Burn Process, and Token Ecosystem

DAO Burn Process

When a DAO no longer holds assets and all token holders have received their distributions, it can remain as an entity for future use or be permanently dissolved through a "burn" Issue. This structured burn process ensures accountability and fairness while safeguarding any real-world structures associated with the DAO.

Steps for DAO Burn:

1. Burn Issue Election:

   • A vote to dissolve the DAO is initiated per the governance structure, and upon approval, token trading is suspended.

2. Real-World Asset Sale:

   • The DAO manager liquidates the real-world company or assets, transferring proceeds to an escrow account in fiat.

3. Final Distribution:

   • The manager distributes the remaining funds to token holders in Ether proportionally.

4. Burn Execution:

   • The DAO contract is permanently destroyed, rendering its tokens invalid.

   • The associated real-world structure remains unaffected unless explicitly dissolved.