CIP-3: Enact The Chain Community Constitution

ABSTRACT: CIP-3 aims to codify into the Blockchain a set of rules and regulations that the Chain community will adhere to when participating in Chain Governance. It’s important that there are these foundational policies so that new users coming into the ecosystem know the processes of how to go about improvements and suggestions for the protocol.

This proposal also sets the stage for the DAO Treasury of 10 billion XCN (roughly $800 million at todays market rate) to be sent to a smart contract that will be in control of the community which has been audited by CertiK. It also includes a monetary budget of 100M XCN per month for the Chain DAO and a 25M XCN budget for monthly rewards to Chain Governance stakers.

Discussion Reference: https://forum.chain.xyz/t/cip-3-enact-the-chain-community-constitution/