THE OPENCURRNT DAO
Why a DAO
A DAO’s decentralized governance is critical to building and managing a globally dispersed community—and therefore critical to the success of the OpenCurrnt ecosystem.
Purpose and Priority
OpenCurrnt DAO exists to support the long term growth and resilience of the OpenCurrnt knowledge-exchange platform and the community that supports it. Its priority is to provide joint ownership, an economic model, governance model, a process for production of shareable resources, and management of the platform.

The OpenCurrnt DAO is a smart agency, administered by a foundation and with decision making managed and operated by its Members and Token holders via smart contracts.

Five groups will have ownership of governance by way of voting power over the OpenCurrnt DAO:
Currnt.com Team
Existing Investor
Founding DAO Team
Launch Contributors
Community Ecosystem
The balance of these perspectives ensure the safety, manageability, and the continual evolution of the platform for the good of all stakeholders. Tokens must be locked or staked for these parties to gain voting rights, thus ensuring longer term impacts are carefully considered.
Key Responsibilities of OpenCurrnt DAO
01.

GOVERNANCE OF THE PLATFORM OPERATIONS AND OPEN-SOURCE CODE
02.
GOVERNANCE OF COMMUNITY ENGAGEMENT
03.
GOVERNANCE OF COMPENSATION
04.
OVERSIGHT OF VENDOR AND PARTNER RELATIONSHIPS
05.
OVERSIGHT OF MARKETING
06.
LEGAL AND ADMINISTRATION
DAO OPERATIONS
Daily Points Earn Reputation (PoP) and Rewards (Currntcy)
Proof of Passion (PoP) Token:
On chain validation of subject expertise.
Minted every 28 hours and distributed to those who earned points during that period.
Non-tradeable: Accrues in member’s wallets on badges, provides platform privileges,and accelerates voting power.
Currntcy (Crnc)Token:
10% of all invoices is charged to buyers that the DAO uses to buy back Currntcy from the market. Currntcy rewards people when someone they have invited to the platform earns dollar or receives significant levels of PoP. Currntcy is bought and staked on Bounties to ensure parties fulfill their commitments. Redeemable and tradeable in-platform and on external exchanges.
Crnc PoP
Limited 1,000,000,000 100,000,000,000
Transferable Yes No
Tradable Yes No
NFT-able No Yes
Purchasable Yes No
Earned Yes Yes
Voting Power Yes Amplifies Voting
Type ERC-20 ERC-1155/721
DAO REVENUE SOURCES
01.
Platform Revenue: This is revenue generated from fees on transactions made between members on the platform and organizations willing to contract service directly on the platform. Fees on each transaction range from 0.1-5% the transaction amount. Types of transactions include, but are not limited to:

I. Subscriptions: A certain percentage of members will opt into premium subscriptions that give them higher visibility, prioritized views, and better access to insights. This is a monthly recurring fee received via credit card or from a crypto wallet.

II. Service transactions: Members engaging members to collaborate on projects, provide advice, write reports, design infographics, etc., result in small transaction fees.

III. Syndicated insights: Self assembled teams can post and refresh insights they believe people and companies are willing to pay to gain access to. This not only provides revenue share to the originating team, but transaction fees to the DAO.

IV. Custom insights: Individuals and companies able to transact directly on the platform can create ‘bounties’ for specifically curated groups of professionals to assemble on a specific topic. Revenues generated pass through to the participating team while the DAO earns fees.
02.
Enterprise Revenue: Companies that require tailored services, account management, and prefer buying through a US-based entity can buy custom insights through Currnt.com. Currnt.com pays OpenCurrnt DAO for access to the community for custom research services
03.
Data Revenue: Due to the innovative nature of the topics addressed on the platform, observations can be made leveraging the metadata sourced from the interactions. This unique data asset can point to new innovations, trends, where expertise exists, unmet needs of enterprises and professional personas, and more. These insights can be converted into syndicated reports or paired with other data sources to create new lines of business that fuel the DAO treasury and shared with the members who opt into data mining.