init

collections/tfgrid3/governance/.done

@@ -0,0 +1,3 @@
+governance.png
+guardian.png
+tfcoop_intro.png

collections/tfgrid3/governance/guardians.md

@@ -20,7 +20,8 @@ and upgrade your validator starting from code.
 What do you get in return
 
 * Eternal recognition from your Regional Internet community (-: 
-* TBDk USD per month in TFT as provided bu *TFCOOP
+* TBDk USD per month in TFT as provided by the *TFCOOP 
+  * The TFT will come from the *TFCOOP Treasury
 
 ## They will host a validator
 

collections/tfgrid3/governance/tfcoop_intro.md

@@ -1,6 +1,6 @@
 ![alt text](tfcoop_intro.png)
 
-# TFCoop
+# ThreeFold Cooperative
 
 ThreeFold Dubai would like to hand over the day2day operation of the TFGrid to a cooperative.
 
@@ -10,22 +10,22 @@ ThreeFold Dubai would like to hand over the day2day operation of the TFGrid to a
 
 ## Cooperative Founder
 
-TF Dubai is looking for 9 TFCoop Founders to setup the COOP Structure.
+TF Dubai is looking for 9 ThreeFold Cooperative Founders to setup the COOP Structure.
 
 ## Cooperative Director
 
-Are voted by the members, but at start are the same as the 9 TFCoop Founders.
+Are voted by the members, but at start are the same as the 9 Founders.
 
-They are like the board of a Cooperative and need to structure how the TFCoop Members will vote and be part of the governance.
+They are like the board of a Cooperative and need to structure how the Cooperative Members will vote and be part of the governance.
 The Cooperative will have a team which will do the day2day for the TFGrid.
 
-The Cooperative is funded by utilization of the grid (at start 50%)
+The Cooperative is funded by utilization of the grid (40% at start).
 
-Cooperative Directors are renumerated for their contributions.
+Cooperative Directors and the team are renumerated for their contributions.
 
 ## Cooperative Startup
 
-- ThreeFold Dubai grants 0.5 million TFT to TF COOP
+- 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 TFTech for technical implementation of membership (as NFT), ... 
@@ -42,6 +42,7 @@ Cooperative Directors are renumerated for their contributions.
 - Operate the tools (forum, websites, ...)
 - Collaborate with the Guardians for the operations of the TFChain and supporting tools
 - Define & operate the benefits for the Members
+- Distribute the TFT Fees for Utilization.
 
 ## Status