Aviator DAO Constitution and its Role in the Project

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. What is a DAO?
  2. Standard Procedures
  3. Proposal Creation


    4. The Aviator DAO Constitution is outlined to facilitate an understanding of the key principles and governance procedures of the project through a Decentralized Autonomous Organization.

    What is a DAO?

    A DAO, or Decentralized Autonomous Organization, is a management structure that uses blockchain technology to automate certain aspects of voting and transaction processing. The Aviator project aims to embrace the power of decentralization by fully utilizing the DAO to approve all outgoing uses of funds from the Treasury, making it wholly community-owned. Following community approval, any outgoing transaction must also receive approval from 3 out of 5 multisigs, providing additional oversight and protection of project funds. The Aviator DAO uses the Snapshot platform for a transparent and accessible voting protocol.

    Standard Procedures

    Project proposals will be presented on social media for discussion, and discussions will be hosted on the Aviator community Discord server. Users of other platforms are encouraged to host their own discussions.

    * Major proposals voting shall last 7 calendar days. * Minor proposals voting shall last 3 calendar days. * Proposals may be repealed with a two-thirds supermajority vote. * Amending this constitution shall require a three-quarters supermajority vote.

    The multisig has an emergency veto capacity in the event a proposal would be deemed harmful to the project. A veto requires unanimous approval from all five multisig signers. Funds in other project-operated accounts such as Marketing or Bridge addresses do not require DAO approval for transactions. There shall be no minimum quorum required for proposals to finalize.

    Proposal Creation

    There are currently no direct proposal publications by AVI holders. Community proposals can be submitted at any time to dao@aviator.ac. Selected proposals shall be presented to the community for discussion before the decision is made to publish it for DAO voting. All proposals that make it to a DAO vote shall receive $50 in AVI from the marketing account as an award.

    The Aviator DAO Constitution outlines the key principles and procedures of governance, ensuring transparency and community involvement in decision-making and managing project funds.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Zcash's Impressive Market Performance and ETF Launch

chest

Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.

user avatarLucas Weissmann

Zcash Surpasses $1,000 Mark, Achieving New All-Time High

chest

Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.

user avatarRajesh Kumar

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.