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tfcoop

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Emilie Ouwerx 2024-04-03 10:20:50 +02:00
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collections/tfgrid3/governance/tfcoop_intro.md
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# ThreeFold Cooperative
ThreeFold Dubai would like to hand over the day2day operation of the TFGrid to a cooperative.
ThreeFold Dubai would like to hand over the day to day operation of the TFGrid to a cooperative.
- Cooperative are very trustworthy decentralized structures which allow upto millions of people to be part of a common goal.
- Cooperative members vote for their directors which might be the Cooperative Founders
- Untill this is done we keep on operating from ThreeFold DMCC
- 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
@ -14,36 +14,37 @@ TF Dubai is looking for 9 ThreeFold Cooperative Founders to setup the COOP Struc
## Cooperative Director
Are voted by the members, but at start are the same as the 9 Founders.
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.
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 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 is funded by utilization of the grid (40% at start).
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 renumerated for their contributions.
## Cooperative Startup
## 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 TFTech for technical implementation of membership (as NFT), ...
- 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) stays intact as is working today.
> [The DAO on the TFGrid](tfdao.md) will stay intact as is working today.
## TFCoop Functions
- Promotion & Communication
- Operate the TFGrid Marketplace ( which is regulated marketplace selling/buying capacity on TFGrid)
- Operate the Tokens (exchanges, ...)
- Operate the tools (forum, websites, ...)
- 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 & operate the benefits for the Members
- Distribute the TFT Fees for Utilization.
- Define and operate the benefits for the members
- Distribute the TFT fees for utilization.
## Status
> At 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 TFGrid transfered.
> 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.