Restructure ATX DAO as follows:
1. Replace the existing 11 committees with 3 guilds, aligned to the three areas of ATX DAO’s mission:
- Onboarding Guild, with the goal of “Enabling local artists and businesses to participate in the crypto ecosystem”.
- Community Guild, with the goal of “Uniting Austin's crypto communities”.
- Policy Guild, with the goal of “Advising the government on better crypto policy”.
2. Each guild will not have elected leads. Community members will organically choose the direction, fluidly contribute to tasks, and get compensated accordingly.
3. Operational tasks listed below will not fall under any guild. These will be remunerated part-time positions.
General Operations, Treasury, and Accounting
- Assignee: @MeganKay
- Compensation: $40 per hour
Marketing and Events
- Assignee: @512mace
- Compensation: $1500 per month
Giving Circle MC
3.1 More operational roles can be added as they become needed, upon the approval of a proposal as outlined in 7.
3.2 The people assigned to the tasks above are not eligible to receive compensation via the giving circle for tasks associated with their roles. Nonetheless, other non-assigned members who sporadically help with operational tasks can submit their contributions for recognition in the giving circle.
3.3 Any DAO member can become MC of the giving circle upon unanimous approval of all other current MCs.
3.4 Running the weekly member calls on Mondays is a responsibility that will be shared by @MeganKay and @512mace as part of their operational tasks.
4. Establish an operational epoch of one month. This epoch will serve to mark the cadence of compensation, monetization strategies, contribution submissions, and strategic decisions.
4.1 Each epoch will begin on the first day of the month and end on the last day of the month.
4.2 The giving circle ceremony will take place during the in-person member’s meeting of the following month.
4.3 At the end of each epoch, member contributions will be financially compensated according to a social giving circle.
4.4 The giving circle and compensation will be structured as follows:
4.4.1. Amount: At the start of each epoch, 1,000 USDC will be reserved to compensate member contributions across the three guilds.
4.4.2. Eligibility: Eligibility for compensation in the following giving circle is based on DAO membership and self-appointed contributions. Meaning that if you are a DAO member and claim to have made a contribution via the contribution form, you are eligible for compensation in the next giving circle.
- Form: The form will allow you to either add a contribution to a standalone project, or a contribution to an existing project. You should only add contributions that have been completed during that epoch.
- Definition of contribution: Contributions are anything that helps advance the DAO in any of its three guilds (policy, industry, or community). These do not include operational tasks such as answering emails, updating the website, managing social media, etc. Operational tasks do not fall under any guild and have appointed people on flat monthly rates to fulfill them.
4.4.5. Participation: To participate in the circle (that is, to award giving points to each other), one must be present in our monthly in-person meeting and be a DAO member. Every member present will receive 10 giving points. Members can choose to recognize each other’s contributions with however many points they wish. They don’t need to allocate all their points in a given epoch, can allocate more than one point per contribution if desired, and can also allocate some or all their giving points to their own contributions if they believe it to be fair.
4.4.6. Recognition: During the giving circle, each member will allocate giving points to contributions, not to individuals. This incentivizes people to recognize impactful work while minimizing the impact of personal relationships and charisma in the recognition process.
4.4.7. Compensation: At the end of the giving circle, members will receive a percentage of the epoch’s total compensation pool in $USDC, corresponding to the percentage of the giving points received across all their contributions over the total giving points allocated for that epoch
4.4.8. Funds Rollover and Cap: If not all the distributed giving points are allocated at the end of an epoch, the percentage of unallocated funds will roll over to the next epoch to a cap of 3,000 USDC. After this cap, all unallocated funds will return to the DAO treasury.
4.4.9. The first epoch (Epoch 0) of ATX DAO V2 start as soon as this proposal is approved and lasts until the end of the month when the proposal was approved.
5. This proposal overwrites the following organizational proposals:
- With the exception of the already approved $30,000 events budget and compensation for marketing and events.
6. There will be a special type of proposal for monetization/revenue projects. Any project in any guild that may bring revenue to the DAO will fall under this category.
6.1 These proposals are subject to the same eligibility and scrutiny process outlined in #6.
6.2 These proposals must outline:
6.2.1 The guild under which they would operate
6.2.2 The team working on this idea (name and eth addresses)
6.2.3 How many epochs will take to execute the project (or an MVP of the project).
6.2.4 Budget needed, including:
- 6.2.4.1 Expenses
- 6.2.4.2 Compensation structure outlining:
a. Contribution distribution among team members in the project. This may be either a flat rate or a percentage of revenue generated.
b. How much each team member should receive at the end of each epoch while the project is live.
7. All the revenue generated via these projects, with the exception of any revenue share models specified in the proposal (see 1.2.4.2), will go to the treasury of the DAO.
8. DAO members working on these revenue projects become ineligible to receive compensation in the giving circles during the epochs while the project is live.
9. During every in-person meeting, while a monetization project is live, an update on the project is due.
9.1 The team members executing the revenue project will update the DAO members on progress, collect feedback, and discuss any strategic redirections necessary.
9.2 After the update, all present DAO members will vote on the continuation of the project.
9.3 A simple majority vote (51%) is needed to ensure the continuation of the project.
9.4 If the project passes the vote, the team members executing the revenue project will receive compensation for the work done on the previous epoch as outlined in 7. a. ii. 4. b. ii. and the project will continue for another epoch.
9.5 If the project fails the vote, present DAO members have the right to vote to veto compensation for the previous epoch. This is designed to prevent revenue projects that are dropped by their teams during that epoch (i.e. no work was done during the previous month) from being compensated.
9.5.1 A compensation veto vote must pass with a supermajority of 69% of members present.
9.5.2 For cases where the percentage of members present is not a round number, the supermajority threshold will be rounded to the next integer if the decimal part of the number is greater than or equal to .5, and rounded down otherwise.
9.5.3 If there is no vote to veto compensation or if the vote doesn’t pass with the needed supermajority, the members executing the revenue project will receive compensation for the work done on the previous epoch as outlined in 6.2.4.2.b and the project will be terminated.
10. Establish the following proposal rules and quorum:
10.1. Any DAO member can submit a proposal for voting. Establish a quorum for all proposals of 24 ATX.
10.1.1 Note: Some genesis members have 2 ATX (since they have two NFTs), so quorum will be in function of the total supply of ATX, not unique wallet addresses.
10.1.2 Proposals must be first posted on freeflarum and stand community scrutiny and feedback for 5 days.
10.1.3 After the minimum 5 days of scrutiny, the adjusted proposal should go on snapshot by the following Friday.
10.1.4 Proposals will be discussed on the following Monday’s weekly meeting and voting ends on the following Wednesday.
