Offline DAO

Offline DAO is a DAO corporation and consists of articles of incorporation, operation contract, and smart contract. Smart contracts bound to the articles of incorporation and operation contracts refer to smart contracts of online DAOs.

Offline DAOs are divided into sEL holders, executives, and representatives. However, executive officers and representatives are obligated to obey the decisions of the online DAO.

sEL holder

1. Qualification

   Voting rights equal to the amount of staked EL (sEL)2)

2. Role

   Vote in favor of issuing new RWA tokens

3. Reward

   Same with the compensation proposal for general voters in the online DAO

Executioner, representative

1. Initial executive officer and representative: Elysia Team

2. Role

   Perform paperwork such as real asset ownership contracts according to the decision of the online DAO

3. Implementation of the election process through subsequent voting