Dispute Resolution
Last updated
Last updated
is the protocol of choice for the DAO currently, purely from a best practice perspective.
The DAO will not have the above integration from launch, this integration will be added in phase 2 whilst we are accumulating a community towards our 1st hurdle of 50 000 members. This protocol will form a component of the DAO governance process.
The integration of the above protocol is dependent on the appropriateness of the service offering, should the DAO encounter circumstances under which the DC does not have input into guidance of the DAO and the role players and stakeholders (community, DC, Contributors etc) finds itself in a position where it is at odds with any other role-player or stakeholder in the DAO.
In its current iteration the DC relies on the alignment of its strategy with those of its members and any dispute arising will be resolved using internal dispute resolution mechanisms.
The DC is Takalabs, a commercial division of Takadao Holdings (Takadao). Co-founded by Mr. Morrad Irsane and Mrs. Sharene Lee, Takadao is a DC of DAOs for communities who share a common goal of improving the living standards of global citizens and doing so in a shariah compliant framework.
These visionaries are ably supported by a globally diverse team of world class experts and advisors. This enables them to empower communities to safely explore DeFi. Both from an educational and tangibility perspective.
TH through Takalabs will continue to support the HoW community through providing ideation, technology, marketing and administration functions to HoW DAO. This list of functions will develop over time depending on the strategic, tactical and operational requirements over time.
Examples of where DC support will be leveraged:
Technical infrastructure: Web3 Platform & Blockchain Technology
Artwork: NFT Design Team
Marketing: Growth & Marketing
For its role in HoW DAO Takalabs will be compensated as follows:
Royalties - 2% of the 5% royalties mentioned in earlier parts of this paper. Every time an NFT is on-sold (traded) there is a 5% royalty due to the creator of the NFT (in this case Takalabs). Takalabs is foregoing 3% of the 5% in favor of the HoW DAO treasury and the 3% from royalty payments vests in the HoW DAO treasury for re-deployment and/or re-investment (including Yield Generation).
Yield Generation - the RoI on yield generated will be split as follows, assuming a 10% per annum RoI on all assets:
Stakeholder
% split on Yield Generation/RoI
Assumed 10% p.a RoI
HoW DAO
80%
8%
Partner Protocol/Real World Advisor
10%
1%
Takalabs
10%
1%
Takalabs has as its primary objective to support the HoW DAO community from pre-inception (design strategy etc.) through to complete decentralization of the entity and its community, including all strategic, tactical and operational matters over the period of this relationship.
Takalabs envisages an agreement with the DAO to service the entity at all levels initially, progressing to an independent service provider status.
A 3 year fixed term agreement is proposed for end to end servicing of the DAO. This agreement will take the form of a Service Level Agreement (SLA).
Once the 3 year term expires, the SLA between HoW DAO and Takalabs will become annually renewable, meaning that the DAO community can decide on whether to renew the SLA on an annual basis. This will be done using the proposal raising/governance process illustrated in Appendix 1
Takalabs will transition to an independent DC as the DAO gains a more decentralized variant. This is essentially it’s transition from a ‘’ stakeholder to a role-player that provides the rails for NFT communities to implement ideas.