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Final First Draft of the Pecunia.Finance Constitution

We the founding Core Contributors, in order to form a more perfect labor organization, establish fairness, insure pseudo-anonymous contribution, provide for cooperation, promote the general welfare, and secure financial and governance independence to ourselves and future members, do ordain and establish this constitution for Pecunia.Finance DAO.

Article 1 - Abstraction​

Section 1 - Description​

All governance powers herein granted shall be vested in the Decentralized Autonomous Organization (DAO) of Pecunia.Finance, which shall consist of Contributors and Core Contributors organized into skill-based Councils.

Members of the Pecunia.Finance DAO are measured by contribution to Pecunia.Finance DAO; and only those members who reach the highest relative contribution to Pecunia.Finance DAO shall execute core influence in governance.

"Service Guarantees Citizenship"

Section 2 - Purpose​

The Core Contributors shall have the power to distribute or restrict treasury funds, to pay the debts and provide for the common defense and general welfare of Pecunia.Finance; but all effects shall be uniform throughout Pecunia.Finance;

To regulate commerce with foreign parties, among Councils, and with communities;

To mint tokens, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;

To establish communication between members, and to provide a platform therefor;

To promote the progress of science and useful arts, by securing to authors and inventors the right to their respective writings and discoveries;

To create Councils for specialized labor needs;

To define and ostracize malicious behaviors and collusion performed within the organization;

To raise and support a labor force, but no appropriation of money to that use shall be for a longer term than one year;

To support with welfare such social causes as Freedom of Information, Public Education, and Defense of Human Rights;

To achieve financial independence from funds, corporations, and governments;

To provide and maintain the Auxillium;

To make rules for the governance and regulation of the organization;

To make processes and workflows for the coordinated effort of members;

To provide for calling forth laborers to perform the organization Bounties, Projects, and proposals;

To provide for on-boarding, organizing, informing, and coordinating laborers, and for governing such part of them as may be appointed in the contribution to the Auxillium.

To exercise exclusive governance in all cases whatsoever, over such real estate as may, by acquisition of particular properties, and the acceptance of Core Contributor Vote, become a Hackathon location, and to exercise like authority over all furnishings purchased by the consent of the Core Contributors, for the outfitting of a space to fit the needs of the Hackathon; – And

To make all strategic decisions which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this Constitution of Pecunia.Finance DAO, or in any Council or member thereof.

Article 2 - Values​

Section 1 - Mission​

The Pecunia.Finance DAO endeavors to provide for indiscriminate, positive social impact through pseudo-anonymous and digitally automated labor infrastructure.

Section 2 - Vision​

Pecunia.Finance DAO shall become an independent and sovereign network-state.

β€œNobody is willing to fund activities that go against its own interest, that’s why we need to do it ourselves”

The Pecunia.Finance DAO shall establish and indefinitely maintain the Pecunia.Finance DAO network-state; and shall utilize the surplus value created by such network-state to empower activities with positive social-impact; and shall, in whichever such physical spaces deemed suitable, provide the basic human needs of shelter and sustenance for the inhabitants thereof.

Section 3 - Ethics​

No member shall be judged by any factor, but for those required by the organizational framework, which may include;

  • Alignment to the values, mission, and vision of Pecunia.Finance DAO;
  • Effort contributed to Pecunia.Finance DAO, as measured by XP;
  • Character of self, as reflected by behavior.

Any behaviors or actions influenced by factors not of such, which may include prejudice or discrimination, shall be treated as criminal in cases of great impact, and of low impact as misalignment with Pecunia.Finance DAO values; loss of Core Contributor status being a result thereof.

Each member shall endeavor to exemplify the values of:

Empathy; Members are expected to understand the perspective of each other as an advantage reached through diversified education, culture, personal traumas, genetic traits, personal issues and other externalities that are independent of Free Will. It it through empathy which an individual becomes capable of respect.

Respect; Members are expected to treat each other honorably in both manners and actions, regardless of the passion behind the motivation. A lack of respect between members can lead to failures in communication.

Communication; Members are expected to be as clear and concise as possible when communicating, making an active effort not to let emotions guide discourse. Members are expected to produce constructive feedback related to specific behaviors, context, events, and situations, through which growth may occur. Members are expected to communicate in an objective, assertive, and constructive manner, as failures in communication result in lack of awareness.

Awareness; Members are expected to make an effort in being aware of their own thoughts and emotions which guide conversation and action. Although an individual may not control their thoughts, each member is expected to exercise Free Will appropriately. Members are expected to be aware of their thoughts, which may become words, which may carry emotions, and therefor may influence behaviors. The application of awareness creates an environment in which wisdom flourishes.

Wisdom; Members are expected to continuously learn and seek insights beyond knowledge, in an effort to discover solutions and ideas which transcend situational or circumstantial opportunities for innovation. Members constantly endeavor to become wiser than they may have been the previous day.

Section 4 - Benefits​

To facilitate the evolution of the proletariat into the organizational framework, the organization shall provide for members who have achieved a certain requirement access to funds dedicated to insuring such members shall have debt covered, to reasonable degree and through vote, incurred through treatment for injury, illness, or the same of direct family, of or not of blood relation.

To ensure the future of the species and provide for posterity, funds may be dedicated to securing the education of the dependents of any participant of the fund; until and through upper secondary schooling.

To minimize the physical footprint and ensure the well-being of the organization, funds may be dedicated to the procurement of lands and properties; and such procurement shall be for the sole purpose of sheltering members and the direct family of members, of or not of blood relation.

Such dedicated funds shall be voluntary by participation and isolated as so not be connected in any way to the funds of the organization as a whole, or of any Project, or of any Bounty, and shall not present any risk for the organization in financial or legal, or any other way.

Article 3 - Membership​

Section 1 - Contributors​

The Contributors shall be composed of members who may join at any time and shall have the qualifications requisite of a new member.

No person shall be a Contributor who has not:

  • Completed the on-boarding process for new members.
  • Fairly obtained a membership token.
  • Earned XP through the completion of a Bounty.

Section 2 - Core Contributors​

The Core Contributors shall be composed of members who have been voted into status through a Core Contributor Vote and shall have the qualifications requisite of leadership.

No person shall be a Core Contributor who has not:

  • Accumulated an amount of XP higher than the seventieth percentile of XP contributed to the organization in total at any time.
  • Identified themselves to the Core Contributors in a character interview.
  • Displayed the character traits of Responsibility, Transparency, and being Supportive.
  • Expressed conviction in the vision of Pecunia.Finance to establish a fair and independent network-state.
  • Prepared and presented a proposal for their own Core Contributor status.

The Core Contributors have the sole power to utilize the Handbrake mechanism.

Section 3 - Responsibility​

The Core Contributors shall be the judges of the election and qualifications of its own members, and a majority shall constitute a quorum to perform votation; but a smaller number may adjourn from day to day, therefor the attendance of absent members is compelled in such manner as the loss of Core Contributor status by failing to participate in at least eight tenths of the votation in each quarter year.

Core Contributors shall have the sole power to remove any type of member by Core Contributor Vote.

The results of Core Contributor deliberations shall be regularly and frequently communicated with Contributors, exempting such parts as may in their judgement require secrecy. The votes of Core Contributors on any question shall, at the desire of any of those present, be recorded.

No members shall, at any time, be required to attend any assembly, for any amount of time, in any place or platform, for any reason.

Section 4 - Elective Service​

Members shall receive no emolument or otherwise salaried compensation for their governance participation. All members shall be held to the same standards and are equally accountable for any malicious or collusive behavior.

All members are free to be appointed to any Bounty or Project, at any time for which they are a member, regardless of any other appointments during such time; and must be either a Contributor or a Core Contributor but not both.

Section 5 - Restrictions​

The addition of new members as any of the members now existing shall think proper to admit, shall not be prohibited by the Core Contributors after membership tokens become publicly available.

The privacy and anonymity of any member shall not be breached for any reason.

No ex post facto vote shall be passed.

No tax or duty shall be laid on any member for any reason at any time.

No preference shall be given by any Council’s Contributors over those of another; nor shall vessels bound to, or from, one Council, be obliged to answer to another.

No money shall be drawn from the Treasury, but in consequence of appropriations made by Core Contributor Vote; and a regular statement and account of the receipts and expenditures of all accounts shall be published regularly.

No title of stature or hierarchy shall be granted by Pecunia.Finance DAO; And no person accepted as a member, shall, without the consent of the Core Contributors, represent Pecunia.Finance in any emolument, office, or title, of any kind whatsoever, to any individual, party, or foreign organization. Section 6 - Measuring Character

In pursuit of an agile and objective method of measuring the character of a potential Core Contributor, actions must be performed and observed;

A character interview shall be organized by the Auxillium for each potential candidate for Core Contributor status; and such interview shall contain a set of questions to be presented to the candidate; and such questions shall be regularly created, reviewed for relevancy, and removed by Bounty of the Auxillium, but not without Core Contributor Vote.

The selection of interview questions shall endeavor to encourage the interviewee to reveal insights into character traits and natural behaviors. No question shall be included in any interview which does not meet the requirements therefor, being to;

  • present a moral or ethical dilemma; or-
  • provoke an emotional response; or-
  • provoke the joy of passion; or-
  • require deep introspection to answer; or-
  • require empathy to recognize a variable; or-
  • contain a catch-22 or impossible dilemma.

The character interview shall conclude with an open discussion on fairness and the concept of the network-state; and such discussion shall ensure the candidate is fully aware of, and fully understands, the mission of Pecunia.Finance DAO; and the candidate shall be encouraged, though not by any forceful means, to ratify own conviction to pursue the mission of Pecunia.Finance DAO through externalization, whether by statement or declaration or other self-expression, to the Core Contributors.

Candidates may display the character traits required of Core Contributor status in the pursuit of XP, and therefor Core Contributors who have witnessed such behavior, and deem it genuine, may come forward and self-identify, and in so-doing endorse the candidate as possessing the required character traits for Core Contributor status.

Article 4 - Councils​

Section 1 - Specialization​

Voting power for Council Votes shall be vested in a collection of Councils. A Council represents a collection of members who possess a common skill-set.

Each Council member shall posses a weighted vote, in Council Votes only, determined in direct proportion to their XP of the same type.

Section 2 - Framework​

The Council members shall meet in their respective regular alignments, and vote on topics which effect the respective Council, but not effecting the entire organization. And they shall make a list of topics voted upon, and the results of the votes; which list they shall publish to all members, and to the Auxillium.

No member shall be eligible to a Council who has not completed a Bounty of corresponding type.

Full faith and credit shall be given in each Council to the public acts, records, and proceedings of every other Council, and the Core Contributors may by general governance prescribe the manner in which such acts, records, and proceedings shall be proved, and the effect thereof.

Council members shall not, at any time, receive for their Council membership, a compensation, and shall not receive any specific rewards of a Council, except those distributed through Bounties and Projects.

New Councils may be established by the organization; but no new Council shall be formed or erected within the jurisdiction of any other Council; nor any Council formed by the junction of two or more Councils, or parts of Councils, without the consent of the related Councils as well as the Core Contributors.

The Core Contributors may determine the time at which a new Council becomes necessary, and the requirements, organization, and mission thereof.

The Core Contributors shall have the power to dispose of, and make all needful rules and regulations respecting, the Councils or Auxillium belonging to Pecunia.Finance DAO; and nothing in this constitution shall be so construed as to prejudice any claims of Pecunia.Finance, or of any particular Council.

Section 3 - Regulation​

No Council shall enter into any treaty, alliance, or confederation; grant letters of reprisal; coin money; emit Bills of Credit; use anything but Core Contributor approved currencies in payment of debts; pass any ex facto vote; or vote impairing the obligation of contracts, or grant any title of stature.

No Council shall, without the consent of the Core Contributors, solicit payments from external parties, except what may be absolutely necessary for executing its services or delivering a product; and the net profit of all revenue collected by Councils shall be for the use of the Treasury of Pecunia.Finance; and all such revenues shall be subject to the revision and control of the Core Contributors.

No Council shall, without the consent of the Core Contributors, enter into any agreement or compact with another organization, or with a foreign state, or engage in offensive actions, unless directly attacked, or in such imminent danger as will not allow delay.

In all cases affecting operational capacity, organization strategy, human resources, or organizational structure and governance, the Core Contributors shall have full authority.

Topics concerning the entirety of the organization, except those with pressing operational risk, shall be decided by Core Contributor Vote or DAO Vote, and not of a single or several Councils alone.

Section 4 - Treatment​

The members of each Council shall be entitled to all privileges and immunities of members in the several Councils.

A person charged in any Council with treason, malicious behavior, or other crime, who shall flee from justice, shall on demand of the authority of the Core Contributors, be delivered up for judgement to the entire DAO.

Section 5 - Auxillium​

No matter the several Councils, there shall always be a Council of the Auxillium, for which to bind the several Councils in communication, in cooperation, and in greater purpose than in the simple sum of Councils. The Auxillium shall provide for the human resource management, governance, legal, marketing, and any other such task as may be deemed, by Core Contributor Vote, to fall outside the purview of the several Councils, yet remains vital to continued operation of the organization as a whole, as of its Councils.

No Project shall, without the consent of the Core Contributors, be without a Bounty of the Auxillium. Such Bounty shall provide for the administration and organizational support for the Project, and for the Bounties thereof.

The Auxillium shall guarantee to every Council of Pecunia.Finance DAO an administrative support system; and shall protect each Council against misrepresentation; and in Core Contributor Vote, against perceived risks.

Article 5 - Communication​

Section 1 - Tooling​

The Auxillium shall provide for the communication tools specified within the Pecunia.Finance Whitepaper; and such tooling shall be agreed upon by Core Contributor Vote, though not without open forum with the Contributors for the discussion thereof.

Section 2 - Beacon Preservation​

As frustrations, miscommunications, or interpersonal pressures occur through the operation and growth of Pecunia.Finance DAO, the ability of any member to voice concern or complaint shall be preserved and protected; and such ability shall be equally comfortable for and accessible by any member; and shall be operated and maintained by the Auxillium.

A communications channel, hosted by Pecunia.Finance DAO or integrated within the Pecunia.Finance DAO governance system, shall be dedicated to the support of any member who shall be so inclined to utilize such ability in the pursuit of voicing concern or complaint or other feedback; and such channel shall be operated and maintained by the Auxillium.

An open forum for the voicing of frustrations, blockers, and potential for improvements shall be held regularly; and such forum shall be hosted by the Auxillium; and shall be open to all members.

Section 3 - Internal & Public Information​

Information deemed internal by Core Contributor Vote or by decision of a Project Lead, if directly related to a Project Bounty, shall not be shared with any individual or organization who is not a member of the Pecunia.Finance DAO, and also having been authorized to be so by the relevant Project Lead or Core Contributor Vote.

All documents, media, files, or other materials containing information which have been determined internal, by Core Contributor Vote or by decision of a Project Lead, shall be properly marked as such; and in such a way that any witness may recognize the implied confidential nature of the material, clearly and overtly.

Section 4 - Cyber Security​

All machines, systems, platforms, networks, connections, and processes of the Pecunia.Finance DAO, and the network-state itself thereof, shall be thoroughly secured against surveillance, attack, or access of any kind unauthorized by Core Contributor Vote.

No member shall complete on-boarding without a foundational understanding of cyber-security principles, processes, and practices.

All cyber-security principles, processes, and practices shall reflect these values;

  • Endeavor to minimize failure-points without sacrificing quality of operation.
  • Operate always from a foundational position of trust-less-ness.
  • Assume a hostile environment at all times.

No cyber-security principles, processes, and practices shall go undocumented; and such documentation shall be made readily available for all members; and shall be maintained and modernized by the Auxillium, or whichever such Council may be established for the purpose of cyber-security.

Section 5 - Knowledge Management​

All knowledge required to maintain and operate the governance, communications, and business activities of the Pecunia.Finance DAO, as with this Constitution and all related governance documentation, shall be aggregated, organized, and made available to all members in a transparent and discoverable manor.

The knowledge-base of Pecunia.Finance DAO shall be operated and maintained by the Auxillium; and shall be equally accessible by any member or Council; and shall contain content written in a standardized manor, so that such content may be interpreted by a member of any Council, and of any member hailing from any geographic location, culture, or language.

Section 6 - Documentation​

The recording of Pecunia.Finance DAO actions, decisions, insights, and ideas, and those of the Councils, shall be standardized and performed regularly; and any products or services produced shall be documented to a highly granular degree, so that any interested parties may easily and knowledgeably interpret the operation, function, and motivation of such.

Article 6 - Cooperation​

Section 1 - Experience​

The effort a member contributes to Pecunia.Finance shall be evidenced by a collection of XP; distributed parallel to the reward for a Bounty.

Earned XP is categorized in the same type as that of the rewarding Bounty, which corresponds to a Council, so that contribution to a specific Council can be tangibly observed and recorded. The XP of a member influences voting power for votes of the corresponding type, in Council Votes.

A Bounty shall carry with it, by requirement of proposal, a reward of experience points (XP) which, upon successful completion of said Bounty, shall be awarded to the Laborers of the Bounty, and to the Validators, independent of any financial remuneration. The experience awarded shall be of the same type as the Bounty for which it is awarded, and shall so contribute, in equal weight, to the total experience of the participant, as so to the Council experience, and thereby to voting power in the same Council.

No member shall ever be deprived of representation equal to their contribution to Pecunia.Finance; and no decision, excluding Council Votes, shall be influenced by the XP of any participant, or by the comparison of XP between participants. The XP record of each member exists explicitly for measuring the following variables;

The quantity of effort, expressed in total XP, contributed to the Pecunia.Finance DAO; in pursuit of establishing and enforcing a fair commitment requirement for Core Contributor status, and providing a fair barrier to the increased governance powers thereby attained.

The type of effort, expressed in a subdivision of total XP, contributed to Pecunia.Finance DAO, for each Council of Pecunia.Finance DAO, for which a Bounty has been completed and XP earned; in pursuit of accurately and reliably determining and assigning weighted voting power in Council Votes.

Section 2 - Alignment​

Each Council, as also the Auxillium, shall have goals, both short and long in term of planning, which are specific to that Council, and shall align its Projects, Bounties, and activities to such goals.

The goals of the several Councils, and the Auxillium, shall together align with the goals, both short and long in term of planning, of Pecunia.Finance DAO as a whole; and shall display specific contribution to such goals, as to provide a clear and obvious path to achievement of the objectives of the organization through contribution of the several Councils.

Section 3 - Assembly​

The times, platforms, and manner of conference for Contributors and Core Contributors shall be prescribed by representatives of each Council; but the Core Contributors may at any time assemble for critical operational or strategic situations.

The Core Contributors shall assemble at least once in every week for a DAO Alignment, and such meeting shall be organized and flexibly planned by the Auxillium, in accordance with general availability.

Section 4 - Proposal Review​

All Bounty and Project approvals shall originate from a proposal; but a Project Lead may create or cancel Bounties within the scope of their Project.

Every Bounty or Project shall have passed the Core Contributor Vote and shall, before it goes to vote, be reviewed for merit and substance by a Core Contributor; if they approve they shall sign it, but if not they shall return it, with their objections, to the proposer from whom it shall have originated, who shall accept the feedback and proceed to reconsider it. A proposal which is to be reconsidered after a rejection should include an explanation of the lessons learned from the rejection feedback. If, after such reconsideration, the proposal is again reviewed and returned, it may only be reconsidered once more for a total of three attempts. A proposal shall only move forward to a Core Contributor Vote having passed a Core Contributor Review.

Every resolution or vote to which the Core Contributors may be necessary shall be presented to the Core Contributors; and before the same shall take effect, shall be approved by them, or being disapproved by them, shall be appealed only in the presence of new information.

Section 5 - Compromise​

As disagreements and misalignment of perspective occur, members shall use a method of compromise or de-escalation appropriate of the modern time and setting.

If no such agreeable terms can be reached, members shall engage an agile framework for compromise by addressing one pain-point of each party individually and objectively, repeating in a consecutive order and each time reaching a temporary theoretical solution which shall evolve in each iteration to accommodate each involved party until no party may claim less accommodation than the others.

Article 7 - Consensus​

Section 1 - Democratic Decision-Making​

Each decision of measurable impact on or of the organization shall be measured by a vote of the participating members. Assignment of vote type is decided by Core Contributor Vote.

Section 2 -DAO Vote (DV)​

For topics which affect the entirety of the organization, such as matters of an existential or user experience nature, a vote which concerns the entire DAO is counted in the style of one-person-one-vote.

This type of vote is open to any member and each participant may cast exactly one vote; and each votation window shall expire 72 hours from the initiation of the vote.

Section 3 - Council Vote (CV)​

Topical votes for which the influence of knowledgeable individuals is critical to an informed and effective result are to be considered by a Council Vote. Voting power for each participant is a reflection of Council-specific XP earned by that member.

Votes within Councils shall be reviewed by the Auxillium; and the Auxillium shall provide an ambassador, when such need arises, to serve as Council Vote observer; and the Auxillium shall represent the interests of all the Councils by way of reporting to the Core Contributors any Council Vote, proposed or passed, which affects a broader scope than the reasonable domain of the host Council.

This type of vote is open to any member and each votation window shall be set according to the proposal.

Section 4 - Core Contributor Vote (CCV)​

To ensure agile decision-making by members with the highest stake in the results, critical operational decisions which are time-sensitive, which affect the governance or structure of the DAO, or of a Human Resource nature, shall be determined by Core Contributor Vote, in which each participant receives a single vote.

No member shall participate in a Core Contributor Vote who has not achieved and is actively holding Core Contributor status, and each votation window shall expire 12 hours from the initiation of the vote.

In addition to the leadership votes, a single vote is given to the Contributors as a single party, the position for which is decided by Union Vote. The inclusion of the Union Vote in Core Contributor Vote is not required, except in such cases where Core Contributor votation split falls between +/-2% from approval threshold.

Section 5- Union Vote (UV)​

A Union Vote, restricted to Contributors, serves to provide Contributors a voice in Core Contributor topics and a mechanism to decide near-threshold Core Contributor Votes. This vote reaches a consensus via 1P1V style and is not used in any other type of situation, as leadership is always otherwise involved, which makes it into a DAO vote. Union Votes expire after 12 hours.

Section 6 - Voting Framework​

For every type of vote a quorum of at least 50% of total Core Contributors, or 50% of the total Core Contributors in a Council with at majority of XP of that same Council type, must be achieved; excluding Union Votes, for which there is no quorum. In the case where less than 12 Core Contributors exist in the DAO, the quorum for any vote is 100%.

The threshold for a passing vote of any type is 67%.

Each vote expires if the threshold for a decision is not met, which share a standard maximum duration for each type of vote, and begins when officially announced to the entirety of the participants.

Section 7 - Threshold for Votation​

The burden of responsibility for triggering a votation for a process which is not digitally encoded and for which topic such votation may be deemed appropriate by any participant, lies on the participant who would decline the proposal.

In pursuit of an agile, low-friction workflow, proposals laid before Core Contributors may pass in silence, but not in lack of awareness, only if meeting the requirements therefor. To ensure against misuse or malicious behavior, proposals passed in silence must;

Be only of inconsequential or low-impact potential result; and not of any type specifically documented within this constitution or digitally encoded, for the purposes of transparency and trust-less consensus, within the network of or hosting the Pecunia.Finance DAO and, or, the Pecunia.Finance DAO governance mechanisms.

Be fully presented, as outlined within the standard process of the type of vote, to the Core Contributors participating in the vote.

Be exposed to the triggering of a digitally-documented Core Contributor Vote by way of the presenter or host announcing an opportunity for objection lasting no less than one minute; to encourage thought and review.

Article 8 - Building Blocks​

Section 1 - Bounties​

A Bounty is the most basic action performed by the business. Any task which is required to advance the DAO or a Project can be considered a Bounty related to a vertical. A Bounty includes basic information such as:

  • Who - Bounty participants and their roles.
  • What - Description of the business task, anticipated outcome, Bounty type.
  • Where - Platforms, systems, languages, ecosystems, related Project, etc.
  • When - Sprint planning for larger Bounties, start and duration for small Bounties.
  • How - Desired reward (and XP), expected expenses, defined completion or delivery.
  • Why - Value added to PF (unnecessary if part of a Project).

Tasks which require multiple different types of sub-tasks should be considered as a Project instead. All Bounties are reviewed and approved by a Project Lead. Bounties which are a result of a Memorandum (general proposal) are voted into a Project by Core Contributor Vote.

Bounties which are best completed by the same Laborers shall be linked in a Bounty-Stack; to signify the Bounties as related.

Section 2 - Bounty Proposal​

A Project Lead may create a Bounty for their Project using Project funds; or is created as a result of a general proposal to the DAO, called a Memorandum. The Project Proposal and Project Approval processes de-incentivize a Project Lead creating unnecessary Bounties.

If a Bounty is proposed ad-hoc, it must go through a review process before being presented for a vote. If an ad-hoc Bounty is approved, it must also be assigned to an existing Project so that a Project lead may take responsibility for the Bounty completion criteria.

A Bounty may be proposed by a Core Contributor without cost. A Contributor must utilize a Memorandum to propose a Bounty, for which exists a staking cost.

Section 3 - Bounty Completion​

All Bounties have a completion criteria, which is included with the Bounty Proposal. The Project Lead for the Project containing the Bounty is responsible for reviewing the completion criteria and rejecting or approving the completion of the Bounty, and for distributing the XP and reward. Completion criteria can include a vote of any type.

Section 4 - Projects​

A collection of Bounties with a common goal or end result, or sharing a common need for oversight, can be combined into a Project. Such Projects shall includes;

  • Who - Project Lead; Any intended participants and their roles, handle of patron.
  • What - Project description and anticipated outcome.
  • Where - Involved systems, technologies, platforms; parent Council.
  • When - Roadmap, lifecycle, dependencies.
  • Bounties - List of Bounties required to complete the Project.
  • How - Desired reward (and XP), expected expenses, defined completion or delivery.
  • Why - Value added to PF, evidence for support of PF values.

A Project Lead may be assigned to each Project, once per Council represented by the related Bounties within; however, the Project Lead representing the Council of the same type as the Project type shall be the primary and official Project Lead of the relevant Project, and beholden to the responsibilities, and the powers thereof.

The Project Lead is responsible for the guidance from start to completion of the Project and related Bounties thereof, and for creating, or for recalling, any Bounties needed to complete the Project; being funded from the Project Budget or through additional funding provided by Core Contributor Vote.

The Project Lead receives a percentage of the total XP (sum of related Bounty’s XP) and Project budget as reward.

Section 5 - Project Proposal​

Potential Projects shall be subject to a Core Contributor Review process, which shall determine the worthiness of presentation to the DAO and subsequent Core Contributor Vote.

Upon approval, funds are allocated from the treasury to a smart contract for the Project, which in turn funds the Bounties of that Project; and for which access is restricted to the Project Lead.

The same Project may be proposed and reworked up to three times, as with any proposal.

Section 6 - Project Completion​

The completion criteria of a Project is not limited to, but must contain, the completion of all Bounties recorded in the Project. Once the Project Bounties are completed, and any other completion criteria achieved, the Project Lead may trigger a Core Contributor Vote for the completion of the Project.

Upon completion of the Project, the Project Lead receives XP and reward in amounts equal to ten percent of the sum of the individual Bounty XP and rewards distributed in pursuit of Project completion, respectively.

Section 7 - Reward​

All Bounties for which a reward has been agreed upon by and approved by Core Contributors shall, upon meeting completion requirements and being verified and signified by the respective Project Lead, terminate with the distribution of such approved reward; and such reward shall be final for both Contributor and Pecunia.Finance DAO.

No reward for any Bounty shall contain, in full or in part, any physical assets or investments of any kind or promise of future return; and shall be delivered in the form of a Pecunia.Finance token or, upon Core Contributor approval, a suitable alternative stable-token of the current global economy, selected by Core Contributor Vote.

Section 8 - Hackathon​

Bounties in which dependencies have been met and the completion criteria is based solely upon labor may be performed in a hackathon.

In such cases, a portion of the Project budget is used to fund the temporary rental of a shared working and living space, as well as travel and living costs of the participants. This physical meetup sacrifices full anonymity in return for a highly cooperative workflow and a drastic reduction in estimated completion time of labor for the relevant Project.

Section 9 - Memorandum​

A general proposal can be made to the DAO using a Memorandum. This proposal requires a stake, which is only returned if the proposal passes by Core Contributor Vote. The proposer shall receive an opportunity to present the proposal to the members of the DAO in a forum.

A Memorandum can result in the creation of a Bounty, but does not necessitate it.

Section 10 - Handbrake​

Operational tasks in which the integrity of a decision is called into question, whether by a change in circumstance or by the discovery of new information, may be halted for the purpose of new evaluation and, if such circumstance demands, course correction. Alert of such need may arise from any source, yet must be reviewed and proposed by a Core Contributor, and then pass Core Contributor Vote, to for the Handbrake to be executed.

Article 9 - Project Lead​

Section 1 - Role​

The operational power of, and responsibility for, any Project shall be vested in a Project Lead. They shall hold their position during the timeline of the Project, and be elected as follows;

Each Project Proposal contains a recommendation for a Project Lead, independent of membership status, and ultimately determined by Core Contributor Vote, as part of the Project Proposal process.

No person except a Contributor, or Core Contributor, shall be eligible to the role of Project Lead.

The Project Lead shall, at Project completion, receive for their services, a compensation derived from the Project total budget, which shall neither be increased nor diminished during the period for which they shall have been elected, regardless of budget changes, and they shall receive within that period any other emolument from Pecunia.Finance, or any Council thereof, which shall have been earned by completion of a Bounty.

Before they enter on the execution of their Project, the Project Lead shall agree to a preliminary roadmap for the Project, and to a β€˜soft-delivery-date’ estimation of completion.

Section 2 - Power​

A Project Lead shall be the responsible party for the completion and delivery of a Project, and the Bounties therein; They may require and so shall have the power to create and recall Bounties, within the scope of the Project, and within, as sourced from, the budget of the respective Project, except in cases where additional funding is required.

They shall have power, by and with the advice and consent of Project advisors, to engage the Auxillium and receive support therefrom for topics not of the same type as the Council of Project assignment.

The Project Lead shall have power to fill all vacancies that may occur during the Project, by assigning Laborers to corresponding Project Bounties.

Section 3 - Reporting​

The Project Lead shall regularly present to the organization information pertaining to and of the state of the Project, and recommend for consideration such measures as they shall judge necessary and expedient; they may, on extraordinary occasions, convene a Core Contributor Vote.

Section 4 - Replacement​

In case of the removal of the Project Lead from role, or of their death, resignation, or inability to discharge the powers and duties of the said role, the Core Contributors may provide for the case of removal, declaring which Core Contributor shall then act as temporary Project Lead, and such Core Contributor shall act accordingly, until the disability be removed, or a permanent Project Lead replacement is elected by Core Contributor Vote.

Article 10 - Equity​

Section 1 - Financial Principles​

Movements of capital or equity shall be performed only in alignment with these risk management principles, as listed;

  • Protect the organization and capital, first.
  • Knowledge is leverage.
  • Leverage control to counter risk.
  • Identify, analyze, and evaluate threats and players before executing with conviction.
  • The ends do not justify the means.

Section 2 - Financial Reporting​

The financial status, cash-flows, balance sheet, investment portfolios, and any other snapshots which may provide valuable insight into the economic well-being of Pecunia.Finance DAO shall be regularly assembled into a report and shared with the members of the organization; and, upon Core Contributor Vote, shared with any foreign entity deemed to such entitled.

Section 3 - Treasury Withdrawal​

No funds shall flow from the treasury which have not been approved by Core Contributor Vote; and shall be recorded and made available to the members of the organization at any time; and otherwise shall be included in financial reporting.

Funds exiting the treasury shall be signed by no less than three Core Contributors; and among such signatures shall be those belonging to members of the Auxillium; and, if a Council in practice of affairs concerning the balancing of accounts is established, so too shall such Council be represented among transaction signatures.

Section 4 - Capital Distribution​

Revenue generated by Projects and Bounties, or by other means, shall be collected in the Pecunia.Finance DAO Treasury, and divided according to a budgeting plan passed by Core Contributor Vote.

Such budgeting plan shall provide;

  • for the funding of the Projects and Bounties of the Auxillium,
  • for revenue generating activities influenced by liquidity supply,
  • for expansion of the organization and costs incurred thereby,
  • for supplementation of unspecific Pecunia.Finance DAO funds which would benefit from such, and-
  • for growth of the Pecunia.Finance DAO treasury.

Section 5 - Tokenomics​

Any currency or digital assets established by the Pecunia.Finance DAO shall be in accordance with the following;

  • All accounts shall be secured in a decentralized way; or by requirement of multiple digital signatures.
  • Establishment shall be approved by Core Contributor Vote.
  • Be in alignment with the values of the Pecunia.Finance DAO.
  • No possibility of loss of governance control shall exist; and no legal threat shall be presented to Pecunia.Finance DAO.
  • Regular auditing shall occur; and with standards above those relative to industry standard.

Article 11 - Authority​

Section 1 - Constitution​

Costs of all Councils in establishment and thereafter incurred shall be as valid against Pecunia.Finance under this constitution.

This constitution, and the governance of Core Contributors which shall be made in pursuance thereof, and all contracts made, or which shall be made, under the authority of Core Contributors, shall be the supreme authority in Pecunia.Finance; and the Project Leads in every Council shall be bound thereby, anything in this Constitution to the contrary notwithstanding.

The Core Contributors before mentioned, and every Project Lead, both of Auxillium and the several Councils, shall be bound by conviction or affirmation, to support this constitution; but no cultist or financial sacrifice or hazing shall ever be required as a qualification to any membership status or organizational role under Pecunia.Finance DAO.

Section 2 - Amendments​

The Core Contributors, whenever the majority shall deem it necessary, shall propose amendments to this constitution, or shall call a convention for proposing amendments, which shall be valid to all intents and purposes, as part of this Constitution, when ratified by the Core Contributors.

Section 3 - Crime & Punishment​

Treason against the organization shall consist only in exploiting internal knowledge for personal gain, or in malicious behavior resulting in damages to the organization or its members, including colluding with another in attempt to do so. No member shall be convicted of such betrayal unless upon the presentation of evidence from two sources to the same overt act, or on confession in open forum.

Section 4 - Removal​

Any member of Pecunia.Finance DAO shall, on impeachment for and Core Contributor Vote for conviction of treason, bribery, or other high crimes of betrayal, be removed from responsibility, labor of Bounties, and governance, and be ex-communicated from the DAO.

Section 5 - White Paper​

A regular document shall be drafted by the Auxillium, with the support of the several Councils, and ratified by Core Contributor Vote, for the purpose of defining and communicating the granular processes and concepts which shall be utilized to bring to effect this Constitution of the Pecunia.Finance DAO; and such document shall include a roadmap with goals, blockers, and dependencies for a period of time spanning one, three, or five years; and shall be published alongside other governance documentation.

Section 6 - Ratification​

The ratification of the conventions of six Core Contributors, shall be sufficient for the establishment of this constitution between the members so ratifying the same.

Done in convention by the unanimous consent of the Core Contributors present the first day of August in the year 2022 and of the independence of Pecunia.Finance, the six in witness whereof we have here unto subscribed our pseudonyms (handles):

PecuNick | PecuNino | PecuSanLeon | BuenasNachos | Nuculare | Juri