Formation of the ACryptoS Core DAO

Form a core DAO to represent the will of the DAO (community of acsACS holders), acting in their best interests.

Discussion: https://t.me/acryptos9/10477

Initial Responsibilities:

• Consult with, report to, and communicate to the DAO (community of acsACS holders) on Core DAO activities
• Call for vote when needed
• Manage the treasury and its activities
• Administer the Telegram group
• Formalise governance processes
• ...eventually manage and run the entire project...

Initial Formation:

• Community to nominate candidates via proposal on governance app.
• Max. 8 candidates with the strongest support (“yes” votes minus “no” votes) will be selected.
• Multiple votes will be divided accordingly (i.e. if 3000 weight wallet votes for 6 candidates, each vote will count as 500).
• Min. 3000 acsACS of votes needed for nomination.
• Formation to be confirmed via core proposal on governance app.
• All nomination proposals to be created before: T-7
• Proposal format must match exactly:

Title: Core DAO nomination for [candidates’s indentifier] Description: [create and link to Telegram thread discussing nomination], Candidate's bio, how they want to contribute, links to socials, etc Start date: T-1 End date: T-0 (T = 18 Dec 2020, 6AM UTC) Block: 2875888 Choices: 1 - Yes 2 - No

• List of links to qualified nominations will be pinned on TG group from T-7
• Further core proposals to select Lead and 2X Vice-lead T+2, T+4, T+6 (tbc)

Structure:

• Lead (has 3 votes)
• 2 X Vice-lead (has 2 votes each) (maybe additional privileges like: multi-sig members, able to create core - proposals, able to add admins to TG group)
• 5 X Members (has 1 vote each)

Renewal and Change:

• To be proposed in future.
• Community can always initiate a vote to dissolve, remove, add or make any changes desired.