Fund Allocation
The fund allocation system is designed in such a way as to create incentives to keep The H.O.M.E. Project operating indefinitely. The ultimate incentive is charity. The more fiscally significant incentives are as follows:
Fund Allocation Explanations:
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-This account is for the continual operation of all the H.O.M.E.’s in operation. No H.O.M.E. can be built unless the budget to operate all the H.O.M.E.’s is double the required amount.
H.O.M.E. Operations
Each H.O.M.E. will require a manager as a full-time employee. This manager will be responsible for maintaining the operations of only one H.O.M.E. The manager will be responsible for making sure the contractors keep the H.O.M.E. system continuously running smoothly. Also making sure the upkeep is taken care of. The operations spreadsheet has more details. Some of the oversight the manager will provide is:
The manager is responsible for knowing all the laws, by-laws, and other rules and regulations to keep the H.O.M.E. continuously in operation in its locale.
Seats, table, and tiers:
To start this DAO charity seats are open to anyone in the order that they join the team. We will need to get enough people involved to develop the IT side of the system, make it functional, and test its functionality. The more the merrier but hopefully we can get enough people involved to have a final decision table and the first tier at the very least. When we’ve worked out all the bugs and decided that the system is ready to go live everyone’s place will remain until the end of the first operational year. On the 1st of the new year the voting system will go live. Seat holders of the final decision table and tier 1 will NOT receive any compensation from the system until the 1st of the following year after the next election. Seat holders’ payouts always come after a full year of being in their seats and paid out the day after the election.
Definitions:
Seats – Everyone who donates to the pool gets a seat in The H.O.M.E. Project. On election day seats are randomly reassigned to tables in their respective tier. Seats are assigned in order of registration and investment into the investor pool.
Tables – Tables are created when there are seven seats. Tables are connected to a seat in the tier above them.
Tiers– Tiers are created when there are double the tables of the tier before it.
The Final Decision Table:
The final decision table is the board of directors of The H.O.M.E. Project. They will receive compensation for their positions in accordance to the fund allocation plan. They will be responsible for running the charity and all that is required for that.
Teir One:
Tier one will also receive compensation for their positions in accordance to the fund allocation plan. This tier will have a continuous vote on who at each table will be a successor if someone at the final decision table steps down or is unable to fulfill their duties.
Election day:
The first Monday of September every year is when elections take place. The day after is when the results take effect. Also, when the payout to the previous seat holders is released.
Throughout the year people in their seats at their respective table have to pick someone other than themselves to be voted up. They can change this vote anytime throughout the year, up to 11:59 on the Sunday before the first Monday of September. Votes are always private. At 12:00 AM one person will be voted up and the person in the seat previously will go back a table. The seat that moves forward and the corresponding seat that moves back a tier cancels out the up vote from the lower tier table connected to it. When this happens all seats at tables will be randomly reorganized in the tier system. The new year order will commence the year at 12AM the first Monday of September. The payout for seats of the previous year will be paid out as well. If a vote stalemate anomaly occurs where there is no clear winner all votes will be rejected, and will result to a second vote. If it happens again the entire tier will be randomized and a vote will happen again. If seat members fail to take part they will be pushed back a tier automatically. If they are pushed back from failed participation they will not receive their yearly payout. There are no exceptions to this system.
Tier creation:
Every investor is automatically added to the democratic system and received interest payments based on the size of their investment. But will not have voting rights until they are added to a tier, or if a new one is created. A new tier is created when there are enough seats in the tier creation pool to make the required number of tables with seats for another tier. A tier is always double the size of the tier above it.