init
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# TFCoop
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# ThreeFold Cooperative
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ThreeFold Dubai would like to hand over the day2day operation of the TFGrid to a cooperative.
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@@ -10,22 +10,22 @@ ThreeFold Dubai would like to hand over the day2day operation of the TFGrid to a
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## Cooperative Founder
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TF Dubai is looking for 9 TFCoop Founders to setup the COOP Structure.
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TF Dubai is looking for 9 ThreeFold Cooperative Founders to setup the COOP Structure.
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## Cooperative Director
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Are voted by the members, but at start are the same as the 9 TFCoop Founders.
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Are voted by the members, but at start are the same as the 9 Founders.
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They are like the board of a Cooperative and need to structure how the TFCoop Members will vote and be part of the governance.
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They are like the board of a Cooperative and need to structure how the Cooperative Members will vote and be part of the governance.
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The Cooperative will have a team which will do the day2day for the TFGrid.
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The Cooperative is funded by utilization of the grid (at start 50%)
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The Cooperative is funded by utilization of the grid (40% at start).
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Cooperative Directors are renumerated for their contributions.
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Cooperative Directors and the team are renumerated for their contributions.
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## Cooperative Startup
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- ThreeFold Dubai grants 0.5 million TFT to TF COOP
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- ThreeFold Dubai grants 2 million TFT to TF COOP (TF DMCC and others can grant more)
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- TFCoop Founders will look for initial funding (sell the TFT, look for extra)
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- TFCoop Founders will setup the cooperative in chosen jurisdiction (might be NL)
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- TFCoop Founders will work with TFTech for technical implementation of membership (as NFT), ...
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@@ -42,6 +42,7 @@ Cooperative Directors are renumerated for their contributions.
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- Operate the tools (forum, websites, ...)
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- Collaborate with the Guardians for the operations of the TFChain and supporting tools
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- Define & operate the benefits for the Members
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- Distribute the TFT Fees for Utilization.
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## Status
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