MIP-25 - Constitution of the Merit Circle DAO

This proposal seeks tokenholder approval for the adoption of a written constitution for Merit Circle DAO. The authors believe a written constitution in the proposed form will contribute to an increasingly decentralized, structured and efficient governance model. The tokenholders will, by adopting a constitution, also be seeking to strengthen Merit Circle DAO’s position as an autonomous organization.

On 5 February 2023 the authors opened up a discussion thread where a draft constitution was attached. The constitution draft has been subject to discussions since then. Based on the input provided by the community, the authors updated the constitution and presented a (final) version of the constitution which is now subject to a vote by Merit Circle DAO. The updated version of the constitution can be found by following the link provided on the Governance Forum (follow the attached link).

If adopted (majority votes for "Yes" and quorum threshold is met), this proposal will result in Merit Circle DAO adopting the proposed version of the constitution, which will consequently be stored on-chain and be subject to further change by the tokenholders.

Please click on the link attached to read further details on the proposal and the discussions in this regard.