info_tfgrid/collections/tfgrid3/governance/tfcoop_intro.md

![alt text](tfcoop_intro.png)

# ThreeFold Cooperative

ThreeFold Dubai would like to hand over the day to day operation of the TFGrid to a cooperative.

- Cooperatives are trustworthy decentralized structures which allow millions of people to be part of a common goal
- Cooperative members vote for their directors
- Until this is done we will continue to operate from ThreeFold DMCC

## Cooperative Founder

TF Dubai is looking for 9 ThreeFold Cooperative Founders to setup the COOP Structure.

## Cooperative Director

The cooperative directors are chosen by the members by vote. When the coop is first created the 9 founders will act as de facto directors until the first vote. 

The directors are like the board of a cooperative and help to structure how the cooperative members will vote and be part of the governance.

The cooperative will have a team which will carry out the day to day operations for the TFGrid.

The cooperative is funded by the utilization of the grid (40% at start).

Cooperative Directors and the team are remunerated for their contributions.

## Starting The Cooperative

- ThreeFold Dubai grants 2 million TFT to TF COOP (TF DMCC and others can grant more)
- TFCoop founders will look for initial funding (sell the TFT, look for extra)
- TFCoop founders will setup the cooperative in chosen jurisdiction (might be NL)
- TFCoop founders will work with TF9 for the technical implementation of membership (as NFT etc.)

## Link to TFGrid DAO

> [The DAO on the TFGrid](tfdao.md) will stay intact as is working today.

## TFCoop Functions

- Promotion and communication
- Operate the TFGrid Marketplace (a regulated marketplace where selling and buying capacity on the TFGrid occurs)
- Operate the Tokens (exchanges etc.)
- Operate the tools (forum, websites, manuals etc.)
- Collaborate with the Guardians for the operations of the TFChain and supporting tools
- Define and operate the benefits for the members
- Distribute the TFT fees for utilization.

## Status

> At the start of our commercial operation (2024) we operate our cooperative functions though our company in dubai called ThreeFold DMCC, somewhere in 2024 the cooperative will be established and all functions in relation to the TFGrid will be transfered.
init 2024-03-21 09:36:08 +00:00			`![alt text](tfcoop_intro.png)`

init 2024-03-22 07:32:20 +00:00			`# ThreeFold Cooperative`
init 2024-03-21 09:36:08 +00:00
tfcoop 2024-04-03 08:20:50 +00:00			`ThreeFold Dubai would like to hand over the day to day operation of the TFGrid to a cooperative.`
init 2024-03-21 09:36:08 +00:00
tfcoop 2024-04-03 08:20:50 +00:00			`- Cooperatives are trustworthy decentralized structures which allow millions of people to be part of a common goal`
			`- Cooperative members vote for their directors`
			`- Until this is done we will continue to operate from ThreeFold DMCC`
init 2024-03-21 09:36:08 +00:00
			`## Cooperative Founder`

init 2024-03-22 07:32:20 +00:00			`TF Dubai is looking for 9 ThreeFold Cooperative Founders to setup the COOP Structure.`
init 2024-03-21 09:36:08 +00:00
			`## Cooperative Director`

tfcoop 2024-04-03 08:20:50 +00:00			`The cooperative directors are chosen by the members by vote. When the coop is first created the 9 founders will act as de facto directors until the first vote.`
init 2024-03-21 09:36:08 +00:00
tfcoop 2024-04-03 08:20:50 +00:00			`The directors are like the board of a cooperative and help to structure how the cooperative members will vote and be part of the governance.`
init 2024-03-21 09:36:08 +00:00
tfcoop 2024-04-03 08:20:50 +00:00			`The cooperative will have a team which will carry out the day to day operations for the TFGrid.`

			`The cooperative is funded by the utilization of the grid (40% at start).`
init 2024-03-21 09:36:08 +00:00
edit 2024-04-05 13:50:51 +00:00			`Cooperative Directors and the team are remunerated for their contributions.`
init 2024-03-21 09:36:08 +00:00
tfcoop 2024-04-03 08:20:50 +00:00			`## Starting The Cooperative`
init 2024-03-21 09:36:08 +00:00
init 2024-03-22 07:32:20 +00:00			`- ThreeFold Dubai grants 2 million TFT to TF COOP (TF DMCC and others can grant more)`
tfcoop 2024-04-03 08:20:50 +00:00			`- TFCoop founders will look for initial funding (sell the TFT, look for extra)`
			`- TFCoop founders will setup the cooperative in chosen jurisdiction (might be NL)`
			`- TFCoop founders will work with TF9 for the technical implementation of membership (as NFT etc.)`
init 2024-03-21 09:36:08 +00:00
			`## Link to TFGrid DAO`

tfcoop 2024-04-03 08:20:50 +00:00			`> [The DAO on the TFGrid](tfdao.md) will stay intact as is working today.`
init 2024-03-21 09:36:08 +00:00
			`## TFCoop Functions`

tfcoop 2024-04-03 08:20:50 +00:00			`- Promotion and communication`
			`- Operate the TFGrid Marketplace (a regulated marketplace where selling and buying capacity on the TFGrid occurs)`
			`- Operate the Tokens (exchanges etc.)`
			`- Operate the tools (forum, websites, manuals etc.)`
init 2024-03-21 09:36:08 +00:00			`- Collaborate with the Guardians for the operations of the TFChain and supporting tools`
tfcoop 2024-04-03 08:20:50 +00:00			`- Define and operate the benefits for the members`
			`- Distribute the TFT fees for utilization.`
init 2024-03-21 09:36:08 +00:00
			`## Status`

tfcoop 2024-04-03 08:20:50 +00:00			`> At the start of our commercial operation (2024) we operate our cooperative functions though our company in dubai called ThreeFold DMCC, somewhere in 2024 the cooperative will be established and all functions in relation to the TFGrid will be transfered.`