# Voting Structure

The voting framework for the Delnorte DAO is designed to uphold **decentralization**, **transparency**, and **efficiency** while empowering token holders based on their ownership percentages. Below is an outline of the system's key features and functionality: 

**Ownership-Based Voting Rights**

1. **Proposal Submission Frequency**:
   * **High-Percentage Owners**: For instance, a 50% owner can propose ideas once every **2 days**.
   * **Low-Percentage Owners**: A 1% owner may propose ideas only once every **N days** (e.g., 100 days).
   * **Adaptive Algorithm**: Limits are relaxed if there are **fewer total owners**, increasing inclusivity in smaller DAOs.
   * **Minimum Ownership Threshold**: Owners with less than **x% ownership** (set during DAO creation) cannot submit proposals.
2. **Initial Voting Power**:
   * Proposals start with an initial upvote percentage equal to the proposer’s ownership percentage.
   * A proposal is approved when it receives **over 50% total upvotes**.
3. **Real-Time Transparency**:
   * All proposals, votes, and results are stored and accessible on the **blockchain** for complete transparency.

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**Typed Issues/Actions for Voting**

The DAO supports predefined Issue types to ensure clarity and structured decision-making:

1. **ASSET SALE**:
   * Sale of a real-world asset with proceeds distributed as capital.
   * Example: “Sell 56 Sullivan St. for $3.2M, use proceeds for X.”
2. **STO (Secondary Token Offering)**:
   * Mint and sell new tokens to raise funds, with minimum funding requirements.
   * If the target is unmet, funds (in ETH or DST) are returned to contributors.
3. **DAO TRANSFER**:
   * Sell all tokens to one buyer at a fixed price, with proceeds distributed to owners.
4. **DAO BURN - SOLD**:
   * Dissolve the DAO after a sale, with the final payout to token holders.
5. **DAO BURN - LEGAL**:
   * Dissolve due to bankruptcy or legal constraints. Token value is effectively $0.
6. **DAO LOCK - LEGAL**:
   * Suspend trading pending legal or investigative actions. This requires a court order but can be precluded if the DAO is flagged as **100% tradable and non-lockable**.
7. **MISC**:
   * General decisions such as property maintenance.
8. **TOFF (Token Offer)**:
   * Allow token owners to sell their tokens via bids or fixed-price offers.
9. **Cover Loss (CCL)**:
   * Proportional liquidation of tokens to cover losses from failing assets.
10. **Asset Sale by Token (AST)**:
    * Auction assets to the highest bidder, forming a new DAO for the buyer.
11. **Other**:
    * Customizable types to accommodate evolving needs.

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**Voting Logistics**

1. **Nominal Costs**:
   * Submitting proposals and voting incurs small blockchain transaction fees, ensuring seriousness and preventing spam.
2. **Proposal Format**:
   * Proposals must be **succinct**, limited in length (similar to a tweet).
3. **Voting Periods**:
   * Tokens used in voting are locked during the process and become tradable once voting concludes.
   * The maximum voting period is **1 day** to ensure quick decision-making.
4. **Blockchain Explorer Integration**:
   * Proposals and votes are broadcast and stored on the blockchain.
   * A specialized **Delnorte Blockchain Explorer** tracks transactions and voting states.

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**Example Voting Scenario**

A DAO owns **112 assets**. The property manager proposes the sale of one asset:

* **Proposal**:
  * “Sell 151 Main St. for $500,000 or more. Authorize for one year. Allocate proceeds: 50% to fix 129 Main St., 50% as Ether dividends.”
* **Process**:
  * The proposal is submitted and upvoted.
  * Once it receives a majority (>50%), the property manager is authorized to act within the specified timeframe.

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**Benefits of Delnorte DAO Voting**

* **Scalable and Fair**: Ownership percentage dictates voting power and visibility, ensuring fairness.
* **Decentralized and Transparent**: Proposals and decisions are recorded on the blockchain for full accountability.
* **Efficient Decision-Making**: A concise structure and fast voting periods allow the DAO to adapt quickly to changing circumstances.
* **Flexible Issue Types**: Support for diverse voting actions ensures adaptability to the DAO’s evolving needs.

This robust framework fosters trust, participation, and efficiency, driving long-term success for the Delnorte DAO.