49 lines
2.1 KiB
Markdown
49 lines
2.1 KiB
Markdown
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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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- Cooperative are very trustworthy decentralized structures which allow upto millions of people to be part of a common goal.
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- Cooperative members vote for their directors which might be the Cooperative Founders
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- Untill this is done we keep on operating from ThreeFold DMCC
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## Cooperative Founder
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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 Founders.
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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 (40% at start).
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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 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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## Link to TFGrid DAO
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> [The DAO on the TFGrid](tfdao.md) stays intact as is working today.
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## TFCoop Functions
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- Promotion & Communication
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- Operate the TFGrid Marketplace ( which is regulated marketplace selling/buying capacity on TFGrid)
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- Operate the Tokens (exchanges, ...)
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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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> 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. |