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
The OpenCurrnt community governs itself via the OpenCurrnt DAO, the decentralized governance framework that supports the Ecosystem Fund. The DAO follows a proposal process to vote on how the Ecosystem Funds will be used to the benefit of the platform and community. Over time, OpenCurrnt DAO will transition the proposal and voting mechanisms into a full, on-chain platform in a form determined by the community. The DAO can do this by:
Replacing initially appointed roles to DAO members to lead administrative and program manager roles.
Creating a community-steering committee
Implementing on-chain voting
Voting annually to elect members for the DAO’s Board (board members will not be able to remain on the board for more than 24 months)
Members of the OpenCurrnt DAO will be able to submit proposals, and vote on submitted proposals that become Bounties if approved. The proposals range from different skills and complexities; from simple proposals as to change features on the platform, to more cardinal proposals to change the incentive structure or redistribution of funds. While the former can be suggested by lower rank members and requires some set structure of voting of majority, the latter requires more consensus and can be submitted by a balanced group from the five groups.

Bounty Contributors will initially receive DAO Token based on their contribution to the open-source codes of the platform as it is developed, and Currntcy thereafter. Part of this distribution will be automated by oracles operating across github’s repository of the platform. Other parts which are less code-contribution-centric will be managed by the DAO in the first phase, and will be automated by smart contracts once the platform is more mature.
TOKEN ECONOMICS
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:
Cryptocurrency rewards for valued insight

Minted every 28 hours and distributed relative to the people who earned points during that period.
Redeemable and tradeable in-platform and on external exchanges.
OC DAO Token:
Staked or Locked Currntcy

Initially used to reward DOA contributors.
Non-tradeable other than for Currntcy
Currntcy (Crnc) PoP DAO (Staked C)
Limited 310,000,000 Unlimited Ltd to Crnc
Transferable Yes No No
Tradable Yes No Only for Crnc
NFT-able No Yes No
Purchasable Yes No Yes
Earned Yes Yes No
Voting Power No Amps Staked Yes
Type ERC-20 ERC-1155/721 ERC-20
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.