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Author Topic: Bylaws and Terms of Pokereum DAO  (Read 2861 times)

Stark Industries

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Bylaws and Terms of Pokereum DAO
« on: October 04, 2014, 09:39:48 pm »

1 Purpose
Pokereum DAO is a similar to a cooperative more than anything else. The Pokereum DAO is a groups of persons or entities cooperating in order to achieve goals for the benefit of everyone using the underlying DAPP or to the benefit of those that support the operation. Pokereum DAO members must follow ground rules and work together towards a common vision of the organization on a daily basis. The vision and mission statements are posted in the main thread.

2 Member qualification & composition

Board members  or delegates can be added at anytime. Delegates must have an established history within the crypto currency community and must be able to provide expertise in any areas helpful to the the Pokereum DAO. Relative areas of expertise may include and not limited to :  poker veteran player, finance, accounting , marketing, business development, legal, technical development expertise in any number of areas including and not limited to crypto currencies especially Ethereum and Nxt.

3 Number of board
The minimum authorized number of board members is five (5).

4 Member admission
Members are admited through an open discussion with Pokereum DAO community, review by board and final voting decision by token holders

5 Termination of membership
Any violation of the board oath or other unbecoming behavior deemed so by token holder majority decision is grounds for termination

6 Non liability
No member shall be liable for the Pokereum DAO debts, liabilities, or obligations merely by reason of being a member except in cases of violation of oath by personal misuse of funds.

8 Non transferability
No Board member or DAO worker  may transfer, for value or otherwise, his or her membership in the DAO organization, or any right arising therefrom. All rights of membership shall cease upon a member's death, resignation, expulsion, termination, or dissolution.

9 Distribution of assets upon dissolution

Upon dissolution of the Pokereum DAO , and after all known organization debts and liabilities have been paid or adequately provided for, any remaining net assets of the Organization shall be distributed by the Pokereum Board to all Pokereum DAO token holder in accordance to their  Pokereum token holdings.

10 Meetings : Via electronic communication technology
Meeting shall be held through pokereum slack chat or any other secured channels specified by board

11 Notice
Notice of each meeting shall be given to each member of the organization who, on the record date for notice of the meeting, is entitled to vote thereat. Written notice (for which email shall suffice) shall be sent to the last address of record for each member at least seven days before the meeting. The notice shall contain the date, time, and place of the meeting. Notice of each annual and special meeting shall also include a description of any matter or matters that these Bylaws or applicable law require approval by members. If directors are to be elected at a meeting, the notice shall also specify the names of all candidates.

12 Adjourned
Any annual or special members' meeting, whether or not a quorum is present, may be adjourned by the vote of a majority of the members present. No additional notice of the time of an adjourned meeting, or the business to be transacted thereat, is required other than by an announcement at the meeting at which such adjournment is taken. If a new record date is fixed for notice or voting after the adjournment, notice of the adjourned meeting shall be given to each member who, on the record date for notice of the meeting, is entitled to vote at the meeting.

13 Quorum
The votes represented at a meeting of members shall constitute a quorum for the transaction of business if the total is equal to or greater than half of all possible present member votes.

14 Voting
Voting in all important matters are executed by all possible token holders using token ownership through the Ethereum or Nxt Blockchain and the outcomes of the votes will be by board members enacted.

15 Pokereum Board Member roles
The role of the Pokereum DAO board members or delegates is to facilitate internal and external discussion using special expertise to guide insights which would serve to provide guidance to token holder decision making through token based voting on the Ethereum or Nxt Blockchain. The board members must also support spending by the executor responsible for payments fulfillment according to the spending policy, budget or token holder approved board initiatives. Board members may suggest new initiatives spending, bounties or any other ideas that further the goals and progress of the Pokereum app development and awareness in the interest of token holders. Such ideas and initiatives are agreed on by a majority decision of board members and or token holders vote consensus.

16 Spending Power / Collective Security
Board members protect the Pokereum DAO asset by collectively holding multi signature keys to funds as provided by the Ethereum and Nxt Platform or other bitcoin technology infrastructures. Board members must make any and every effort to communicate any personal or systemic compromise putting the Pokereum DAO assets at risk

17 Termination of other member roles
When concern is raised, board members have the ability to review and discuss any contributing members work and determine by vote of all token holders if such member in question should be replaced.

18 Board member classes

There are two classes of board members: Passive board members and active board members. Passive board member are not involved in the day to day activities of the Pokereum DAO. Passive board members are only required to enforcing spending policies or voting decision when it is required of them. Passive board members may be public facing individuals who lend credibility and distributed trust true multi signature usage in the pokereum DAO. Only two passive board members are permitted at a time on the Pokereum board. Passive board members are not required at meetings unless a decision such as payments has to be enforced.

Active board members antonymous or not are involved in the day to day activities and development of the pokereum DAO.
« Last Edit: February 22, 2015, 05:58:01 pm by Stark Industries »


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Re: Bylaws and Terms of Pokereum DAO
« Reply #1 on: February 23, 2015, 07:48:30 am »