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Offline Governance
[Offline Governance Diagram]
1) Requirements
- X number of EL tokens to deposit into the community pool
- Complete due diligence by third party KYC provider
- Must be elected by Active participants
2) Roles
- Data validation and real estate token issuance at the request of the real estate owner
- Bind legal agreements with the token issuer once approved by Active Participants
3) Compensation
- Staking revenue (8% of protocol revenue + mining revenue)
4) Obligations
- If decisions made by active participants are not faithfully executed, a number of EL tokens determined by Active Participants will be permanently burned from their deposits.
- If the minimum deposit is not met, the facilitator will be automatically disqualified and another election will take place.
- Real estate tokens may still be issued if the quorum is already met during the by-election process.
1) Requirements
- X number of EL tokens to deposit into the community pool
- Complete due diligence by third party KYC provider
- Must be elected by Active participants
2) Roles
- Identical roles as facilitators
- Represent and act on behalf of Elysia DAO on legal matters including contract signing
3) Compensation
- Staking revenue (2% of protocol revenue + mining revenue)
4) Obligations
- If decisions made by active participants are not faithfully executed, a number of EL tokens determined by Active Participants will be permanently burned from their deposits.
- If the minimum deposit is not met, the representative will be automatically disqualified and another election will take place.
- Criteria for a successor if the representative is replaced: Net amount of EL deposits AND will
Last modified 2yr ago