Offline Governance
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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
