Governance
Proof of Personhood & Verification
DAO: Overview
The BARK "DAO" is a decentralized autonomous organization designed to manage and govern the BARK Protocol, a pioneering initiative that leverages blockchain technology to revolutionize humanitarian aid and charitable endeavors. By utilizing a community-driven approach, the BARK ensures transparency, efficiency, and inclusivity in decision-making processes.
How It Works ?
1. Community Governance:
The BARK employs community governance to oversee the protocol. This governance model allows BARK token holders to participate in decision-making processes, ensuring that the community's voice is heard.
2. Voting Plugins:
Civic Plugin: Ensures secure and verifiable voting processes using identity verification.
Quadratic Voting Plugin: Allows for more nuanced decision-making by weighting votes based on token holdings, ensuring fair representation of minority opinions.
3. Tokens:
Community Token (BARK): Used by the general community for voting on proposals and initiatives. A minimum of 100,000,000 BARK is required to participate in governance.
Council Token: Held by the council members, who oversee the more significant and strategic decisions of the DAO.
4. Approval Thresholds:
Community Token Approval: Proposals require a 5% approval threshold from the community token holders to pass.
Council Token Approval: More critical proposals require a 60% approval threshold from the council token holders.
5. Security and Verification:
The DAO utilizes Civic Pass for security, ensuring that all participants are verified and reducing the risk of fraud and manipulation.
6. Governance Program (CA):
The governance program is designed to ensure that proposals align with the DAO's mission and vision. A 60% approval threshold is necessary for the governance program to enact changes, ensuring robust decision-making processes.
7. Transparency and Accountability:
All transactions and decisions are recorded on the blockchain, providing real-time visibility and accountability to all stakeholders. The transfer mint authority is not allowed, ensuring that token minting processes are transparent and controlled.
Conclusion
The BARK exemplifies a forward-thinking approach to decentralized governance, combining cutting-edge technology with community-driven decision-making to create a robust, transparent, and efficient ecosystem for humanitarian aid and charitable activities. By involving token holders in governance and utilizing advanced voting plugins and security measures, the BARK DAO aims to make a significant and lasting impact on global philanthropy.
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