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DAO

What is a DAO? DAO stands for Decentralized Autonomous Organization. In layman's terms, it is an organization managed via smart contracts or members (typically token holders) who collectively decide how the organization evolves.

We utilize a hybrid governance model (Off-chain and On-chain) to reduce transaction fees while maintaining security.

Membership & Eligibility​

To become a Member with voting rights, a person must:

  1. Read and accept the terms of the Agreement.
  2. Digitally sign and register their wallet.
  3. Hold at least 1 CurrencyCoin ($CC) Token.
Membership Restrictions

Residents of embargoed countries/regions (Iran, Syria, Cuba, North Korea, Crimea, Donetsk, and Luhansk regions of Ukraine) as regulated by the U.S. OFAC are restricted from being Members. Geo-fencing is enforced on our platforms.

Governance Process​

We use a multi-stage process to move ideas from concept to execution:

Step 1: Temperature Check (Discord)​

Step 2: Proposal & Off-Chain Vote (Snapshot)​

  • Venue: Snapshot Space
  • Action: If the temp check passes, a detailed draft is submitted for an off-chain vote.
  • Requirement: Proposers must hold a minimum amount of governance tokens to prevent spam.

Step 3: Formal Voting Current(Off-Chain) & Future(On-Chain)​

  • Venue: (Current) - Snapshot Space (Coming Soon) - Tally.xyz
  • Action: Current Binding off-chain vote, settled On-Chain by the Managing Member. Action:** Future Binding on-chain vote.
  • Mechanics: 1 Token = 1 Vote.
  • Quorum: A minimum of ** 7% (70 Billion CC tokens)** Quorum is required for a proposal to pass.

The Treasury​

5% of the total CurrencyCoin ($CC) supply (50 Billion tokens) is allocated to the DAO treasury.

Treasury Address

0x1A310AB7Be6Ab4A4f5001d0d43C3FCFaF51aDBdC

Governance Token​

  • Token Name: CurrencyCoin ($CC)
  • Total Supply: 1 Trillion
  • Contract Address: 0x21B7DB03D7f51EdBd37A6682E43aD9BA0D145890 (Ethereum)