📔Governance and DAO

Society AI DAO: Governance Model and Structure

• Decentralized Autonomous Organization: Manages the protocol and ensures community-driven governance.

• Decision Making: Community votes on critical decisions, ensuring transparency and inclusivity.

• Treasury Management: Oversees the allocation of funds for platform development and rewards.

The Society AI DAO represents a revolutionary approach to the governance and development of artificial intelligence, driven by a transparent, democratic, and community-focused framework. Unlike traditional hierarchical structures, Society AI has no CEO or board of directors. Instead, it operates under the principles of decentralized governance, where every stakeholder has a voice in shaping the future of AI.

Compliance and Legal Framework

After TGE the Society AI DAO will be registered under the Wyoming Decentralized Unincorporated Nonprofit Association Act (DUNA). This innovative legal framework ensures compliance with relevant tax regulations and legal requirements, while providing limited liability protection to token holders. The legal structure supports the DAO's mission to maintain transparency and accountability while fostering a secure and legally sound environment for its members.

Democratic Decision-Making

At the heart of Society AI DAO is a commitment to democratic decision-making. Key aspects of this process include:

• Community Voting: Members of the DAO participate in voting on critical issues such as funding rounds, utility token issuance, member benefits, and strategic initiatives. This ensures that decisions are made collectively, reflecting the diverse perspectives and interests of the community.

• Locking Tokens for Voting: To vote, DAO members must lock their tokens for a specified period, ranging from three months to four years. Longer lock-ups provide more voting power, incentivizing long-term commitment and stability within the community.

Revenue Generation and Treasury Management

The DAO generates revenue primarily through Society AI's AI-as-a-Service (AIaaS) platform. These revenue models are designed to provide sustainable financial support for the ecosystem while ensuring fair compensation for all contributors. Key components include:

• AIaaS Revenue Models: These models enable the monetization of AI services and applications developed within the Society AI ecosystem. Revenues generated are distributed equitably among developers, contributors, and the DAO itself.

• Treasury Management: The DAO manages a treasury comprising governance tokens, utility tokens, and stablecoins. This treasury is used to fund platform development, rewards, and other community-driven initiatives.

Member Benefits*

Members of the Society AI DAO could enjoy various benefits that incentivize governance voting, active participation and contribution. All within the scope allowed in the DUNA legal act. These benefits include:

• Compensation for Participation: Members could be rewarded for their involvement in governance, development, and other activities. This compensation could be in the form of utility tokens, governance tokens, and stablecoins, aligned with their contributions.

• Utility Token Allocation: Members could receive allocations of utility tokens based on their participation and voting power. These tokens can be used within the ecosystem for various purposes, including accessing premium features and services on the Society AI's platform.

• Governance Token Buybacks: The DAO could periodically perform buybacks of governance tokens from the market to maintain a balanced and fair token economy, ensuring long-term sustainability.

*Member benefits are subject to DAO decision based on a decentralized community vote.

Governance Structure

The governance structure of Society AI DAO is meticulously designed to promote inclusivity, transparency, and accountability. Key features include:

• Committee Participation: Members can be elected to join various committees responsible for different aspects of the DAO’s operations, from technical development to community engagement and financial oversight.

• Proposal Submission: Members have the right to submit proposals for consideration by the community. This process ensures that new ideas and initiatives can be brought forward and debated democratically.

• Funding Rounds: The community votes on funding rounds to allocate resources to promising projects and initiatives. This democratic approach ensures that resources are directed towards efforts that align with the community’s goals and values.