DAK BYLAWS
Version 0.1
#all values in […] are relatively arbitrary starting points and can be changed if we want to
§ 0 Purpose of the DAK Bylaws
The purpose of the DAK bylaws is to be the primary reference text guiding all discussions and votes of DAK members as members of the DAK as a decentralized autonomous organization (DAO).
§ 1 Purpose of the DAK
§ 1.1 The purpose of the DAK is to promote the fine arts and to inspire interest in contemporary art. It fulfills that purpose in particular through:
organizing, producing and funding art exhibitions, presentations and screenings
organizing art related talks, panels and workshops
organizing the sale of editions (especially cryptocollectibles/NFTs)
§ 1.2 The DAK is a selfless organization; its chief aim is not profitability. The DAK funds shall only be used for purposes that are in line with its bylaws.
§ 3 The General Assembly
A virtual General Assembly takes place [biannually] in [February] and [July] of every calendar year. The General Assembly is hosted by the Coordinating Board. The General Assembly is a public event for all members of the DAK to discuss past and future actions of the DAK over voice, video and drinks. All General Assemblies are recorded and made publicly available to the general public by the Coordinating Board. At the end of the General Assembly all DAK members interested in serving on the Coordinating Board do a brief presentation and an on-chain vote is initiated for all coordinating board candidates. The vote runs for [seven days]. The [three] DAK members voted in will serve as the new Coordinating Board for the next [six months], at which time another Coordinating Board will be elected.
§ 4 The Coordinating Board
The Coordinating Board is the DAKs institutional entity responsible for the following administrative actions:
planning and hosting the General Assembly
initiating allocation proposals in accordance with the merit token allocation guidelines stated in §6.
§ 5 Merit Token: MRT
The DAK merit token – MRT – is a non-transferable and non-consumable token giving weight to the votes of DAK members. To combat an oligarchy of the inactive but voting-happy established, [15%] of all MRT being in existence for more than one year is slashed on an annual cycle.
§ 6 Manual Merit Token Allocation Guidelines
§ 6.1 On a biannual basis – [two weeks] before every General Assembly – merit token (MRT) allocation proposals are made on-chain by the Coordinating Board to award DAK members for the work they have done in the last six months. All allocation proposals have to be in in accordance with the allocation guidelines stated in §6.2.
§ 6.2 1. Doing a DAK show as an artist or curator = [100] MRT 2. Design and/or writing services = [30] MRT 3. Serving on the Coordinating Board for one term = [30] MRT 4. Proofreading and clerical work = [20] MRT
§ 7 Automatic Merit Token Allocation
MRT is minted automatically to DAK members who contribute monetary to the DAK wallet. The amount of MRT members get per [ETH, BTC, $, €] contributed decrease exponentially, starting at 1 MRT = [0.04 ETH/10€] with an annual reset of the return function.
§ 8 Voting
To deal with potential voter apathy a standard decreasing quorum is used for all the DAK votes. To allow for anonymous members without becoming exploitable, the maximum amount of votes coming from anonymous members is limited to [10%] of the already casted votes on a first come first serve basis for every vote.
§ 9 Proposals
At any time DAK members can make a proposal to get funding for an art exhibition or other art related project. To make a proposal the following steps have to be taken:
The proposing member announces the intention to make a proposal in the public channels of the DAK. From there discussions begin for the proposed project with everyone.
The proposer creates a public but closed Are.na channel containing the following documents:
Detailed project description
Short bio of the participants, or potential participants.
Cost estimate (with reasonable installments)
Further research materials (texts, images, videos, websites etc.)
The proposer initiates a vote for funding over the first installment of the estimated amount via the DAO interface.
Last updated