HoW Governance

Governance in 2 specific areas:

Projects - contributors & NFT holders make decisions here

Management - DAO Operations proposals - Commercial decisions - only Management & Community NFT holders make decisions here

Process for both areas illustrated in Appendix 1

House of WisDAO Funding Algorithm

Currently decision making will be done at management/development community level. It will transition to community led decision making. In its more advanced iterations the DAO will employ a Quadratic Funding. To keep things fairly represented within the DAO and its grant funded projects.

Throughout all decision making processes under the funding cycle, the decision making process will be supported by the DAO governance process as illustrated in Appendix 1.

A good example of a quadratic funding model in action is that of GitCoin, another role-player in the Web3 grant funding landscape.

Operator Fees

5% of every NFT transaction (initial distribution and subsequent transactions) must be directed to the DAO operational treasury wallet in the form of initial fee (primary) and royalties (secondary). The DAO operational treasury wallet will in turn retain 3% of the 5% and pay the remaining 2% to Takadao. Takadao is the development and support structure for this and other ‘Taka’ product DAOs.

The above excludes the initial distribution (royalties are applicable) of the ‘Early Adopters’ collection at launch.

The other source of fees for the operator is calculated as 10% of all yield generated on all assets of the DAO. This ensures that the operator strives for the best possible investment solutions since negative performance yields 0 fees.