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DAO stands for "Decentralized Autonomous Organization." It's an innovative organizational structure that operates on blockchain technology and smart contracts."
The JUL DAO is an innovative decentralized autonomous organization designed to capitalize on the treasury's assets. Within the DAO, a specific quantity of JULD Tokens is held, which can be strategically sold and utilized for various purposes. These purposes encompass investing in projects, compensating community moderators, funding essential infrastructure, organizing events, and other essential activities vital to sustaining the organization's vitality. Notably, all disbursements from the treasury undergo a meticulous voting process, and the execution of a vote requires approval from JULD holders.
Key Governance Highlights:
- 1.Voting Power: Each JULD Token inherently holds a single voting right within the DAO.
- 2.Proposal Initiation: Only designated JULD Guardians, chosen members of the organization, can initiate proposals to ensure the stability for now. These wallets are managed by investors, founding members, and developers who actively contribute to the ecosystem's development. While the initial selection of Guardian wallets is conducted by the founding team, subsequent additions or removals are determined via proposals.
- 3.Approval Threshold: For a proposal to pass, a minimum of 70% of all cast votes must be in favor.
- 4.Voting Timeline: The standard voting duration for proposals is 72 hours, providing ample time for community involvement. However, in certain instances where swift investment decisions are necessary, this timeline can be expedited.
- 5.Inclusive Voting: Every participant possessing a minimum of 1 JULD token is entitled to vote, ensuring an inclusive and democratic decision-making process.
- 6.No Voting Limit: Participants face no restrictions on the number of votes they can cast. This approach guarantees that each member's influence in the governance process corresponds proportionally to their involvement.
The JUL DAO leverages the power of decentralized governance, empowering its participants to shape the trajectory of the organization and its initiatives. Through the JULD token, a robust framework is established that upholds transparency, inclusivity, and efficiency in decision-making processes.
We maintain two distinct Multisig Treasuries to enable investments across both chains. The release of these treasuries is orchestrated by Multisig members, who act in accordance with community proposal votes.
Multisig Treasury Ethereum
Multisig Treasury Polygon
Community Voting Platoform (Binance Smart Chain JULD Token Contract: 0xf5D8015D625be6F59b8073C8189BD51bA28792e1):
We have chosen to utilize Aragon as our Multisig platform alongside Snapshot for the community proposals. This decision is grounded in the platforms' success, audit, and their alignment with the necessary operational standards.