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
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.
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.
Real-Time Transparency:
All proposals, votes, and results are stored and accessible on the blockchain for complete transparency.
Typed Issues/Actions for Voting
The DAO supports predefined Issue types to ensure clarity and structured decision-making:
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.”
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.
DAO TRANSFER:
Sell all tokens to one buyer at a fixed price, with proceeds distributed to owners.
DAO BURN - SOLD:
Dissolve the DAO after a sale, with the final payout to token holders.
DAO BURN - LEGAL:
Dissolve due to bankruptcy or legal constraints. Token value is effectively $0.
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.
MISC:
General decisions such as property maintenance.
TOFF (Token Offer):
Allow token owners to sell their tokens via bids or fixed-price offers.
Cover Loss (CCL):
Proportional liquidation of tokens to cover losses from failing assets.
Asset Sale by Token (AST):
Auction assets to the highest bidder, forming a new DAO for the buyer.
Other:
Customizable types to accommodate evolving needs.
Voting Logistics
Nominal Costs:
Submitting proposals and voting incurs small blockchain transaction fees, ensuring seriousness and preventing spam.
Proposal Format:
Proposals must be succinct, limited in length (similar to a tweet).
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.
Blockchain Explorer Integration:
Proposals and votes are broadcast and stored on the blockchain.
A specialized Delnorte Blockchain Explorer tracks transactions and voting states.
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.
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.
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