← 22164 Umland Cir, Jenner, CA 95450 · All properties

Token Holder Governance Guide - 22164 Umland Cir, Jenner, CA 95450.docx

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

 📝 EXHIBIT A — UNDERLYING SMART CONTRACT LOGIC (DAO-LLC COMPATIBLE) To be attached to the Operating Agreement and referenced in Article I, Sections 10 & 11. This Exhibit documents the smart-contract logic that governs the calculation of voting power, the management of concentration safeguards, and the enforcement of multi-signature requirements. In the event of any conflict between this Exhibit and the Operating Agreement, the smart contract shall control pursuant to Section 17-31-106 of the Wy

Text Preview

 📝 EXHIBIT A — UNDERLYING SMART CONTRACT LOGIC (DAO-LLC COMPATIBLE) To be attached to the Operating Agreement and referenced in Article I, Sections 10 & 11. This Exhibit documents the smart-contract logic that governs the calculation of voting power, the management of concentration safeguards, and the enforcement of multi-signature requirements. In the event of any conflict between this Exhibit and the Operating Agreement, the smart contract shall control pursuant to Section 17-31-106 of the Wyoming DAO Supplement. 1. Voting Power Algorithm 1.1 Quadratic Voting The smart contract SHALL compute each Member’s voting power as: [ \text{votePower}(member) = \sqrt{\text{tokenBalance(member)}} ] Effects enforced on-chain: Large holders receive diminishing marginal influence. Small holders retain proportionally greater influence relative to balance. Prevents any one wallet from disproportionately controlling governance. 2. Time-Weighted Holding Multiplier To promote long-term participation, the smart contract applies a holding duration multiplier : [ \text{adjustedVotes}(member) = \text{votePower(member)} \times (1 - e^{-t/180}) ] Where: t = days tokens have been continuously held Continuous holding timestamps are maintained per wallet Smart contract effects: Recently acquired tokens have limited voting power Long-term token holders gradually approach full quadratic voting power Discourages pre-vote accumulation attacks 3. Per-Wallet Voting Caps The contract SHALL cap any Member’s effective voting influence at: [ \text{maxVotes} = 0.25 \times \text{totalVotingPower()} ] If adjustedVotes(member) exceeds this value, excess voting power is ignored. 4. Anti-Concentration Trigger System 4.1 Trigger Detection A “Concentration Trigger Event” is automatically detected when: A wallet reaches ≥ 15% of total supply A wallet reaches ≥ 20% of total effective voting power 4.2 Automated Response Upon detection, the smart contract SHALL: Emit an on-chain event ConcentrationAlert(member) Freeze governance rule changes for 7 days Permit only standard proposals , not meta-governance Enable Members to file “Safeguard Proposals” with expedited voting windows 5. Purchase Limits Enforcement The contract SHALL enforce the following limits for newly issued tokens: Maximum 1% of new issuance per wallet within 24 hours A 48-hour cooldown between successive purchases Optional progressive pricing — implemented as a per-wallet bonding curve 6. Governance Vesting Logic for New Tokens All newly issued tokens SHALL enter a vesting state : struct VestingInfo { uint balance; uint unlockTimestamp; } Tokens may transfer freely Tokens do not confer voting power until block.timestamp >= unlockTimestamp Default vesting: 90 days 7. Multi-Signature Requirements for High-Impact Actions For the following actions, the contract SHALL require signatures from 3-of-5 authorized roles : Sale or refinancing of the property Treasury disbursement > $10,000 Dissolution triggers Major amendments to the governance logic 7.1 Signer Roles 1 DAO-Elected Representative 1 Small-Holder Delegate (<10 tokens) 1 Officer or Manager (per OA Article IV) 2 rotating community signers 1 emergency backup signer The transaction executes ONLY when ≥3 signatures are validated. 8. Underlying Contract Reference This Exhibit governs the logic of the smart contract referenced in Section 11 of the Operating Agreement: Current Smart Contract Address: https://allo.info/application/2560589172 Note: Any future upgrade or migration SHALL preserve this Exhibit unless amended with unanimous Member approval. 📊 Plain-English Governance Summary for Token Holders This summary is designed to help token holders understand how voting and governance work in human-friendly terms. It does not replace the Operating Agreement or smart contract; it simply explains them. 1. How Voting Power Works Voting is not 1 token = 1 vote . Instead, voting follows quadratic voting , which means: The more tokens you have, the more influence you get — but with diminishing returns . Small holders are protected from whales overwhelming votes. Example: 1 token → 1 vote 10 tokens → √10 ≈ 3.1 votes 100 tokens → √100 = 10 votes 10,000 tokens → √10,000 = 100 votes Even huge wallets cannot dominate the DAO. 2. Long-Term Holders Get More Voting Power Your voting power increases the longer you hold tokens. Hold tokens longer → More influence New buyers → Reduced influence until tokens “season” This helps reward loyalty and prevents large holders from buying votes right before a vote. 3. Voting Caps Prevent Any One Wallet From Taking Over No wallet can ever control more than 25% of total voting power — even if they own a majority of tokens. This ensures every major decision requires community participation. 4. Large Wallet Alerts (Whale Alerts) If any wallet reaches: 15% of total supply , OR 20% of voting power The DAO is alerted and governance changes are put on pause for review. This ensures fairness and transparency. 5. Token Vesting for New Purchases When new tokens are issued, they must “vest” for 90 days before they can vote. You can still transfer them, but they won’t count in governance until vested. 6. Limits on Buying Too Many Tokens Too Quickly To prevent one wallet from accumulating too much power: Wallets cannot buy more than 1% of any issuance per 24 hours Must wait 48 hours between purchases Optional dynamic pricing rewards small buyers first 7. Multi-Signature Safety for Major DAO Decisions Big decisions (property sale, refinance, large treasury transfers) need 3 signatures from a group including: A community-elected representative A small-holder delegate A DAO officer/manager Community signers No single party can push through major actions. 8. Everything is Enforced Automatically All of these rules are encoded in the DAO’s smart contract. This means: No manual intervention No special treatment No backdoor actions All enforcement is algorithmic and transparent