The Curators Society community governs itself by way of the Curators Society decentralized autonomous organization (together with any relevant subdivisions or subcommittees, the “Curators Society DAO”), which manages the genesis vault (together with any subsequent thematic vault, the “Vault”). Each Curators Society NFT (together with any governance token or NFT to be issued in the future, a “Curators NFT”) entitles its holder to one vote on matters that that are put up for vote to the applicable members of the Curators Society DAO. Each Curators NFT also acts as a certain class of membership to the private Curators Society membership club, which is not the primary focus of this framework. The Curators Society DAO follows a process that allows any holder of a Curators NFT to submit proposals that may be included in a vote open to all holders of Curators NFTs. This process is simple by design and was crafted to ensure that actions of the Curators Society DAO, and the management of the Vault, supports the community’s mission of becoming the largest collector of top-tier NFTs. Note that any reference in this framework to a proposal or vote may refer to a proposal or vote that only applies to a particular type or class of Curators NFT. This framework is intended to support the goals, objectives, and guiding principles of Curators Society (collectively, the “Principles”) and is subject to change in accordance with the aims of the community.
Only holders of Curators NFTs are eligible to submit, discuss, comment, resubmit, and vote on proposals submitted and approved under this framework.
- Excellence: We consistently raise the bar.
- Tenacity: The Louvre wasn’t built in a day. Work hard, and reap the fruits of our labor.
- Trust: Trust is built on transparency and integrity.
- Responsibility: We always do the right thing, and we do things right.
- Long Termism: We are creating a Generational DAO, designed for scale and built to last.
Discord and Website: The Curators Society Discord server and website are the primary hubs for Curators Society community interaction in the metaverse.
Discourse: All proposals will be submitted and discussed in our Discourse server. As further outlined below, all proposals must receive confirmation by
a moderator, the Curation Committee, or any of their agents (a “Moderator”) that it complies with the Principles before it appears to the
community. Discourse will be wallet-authenticated to ensure only holders of Curators NFTs may participate in this forum.
Snapshot: Any proposal that is put to vote to the Curators Society community will be voted on in our Snapshot space. Only proposals that meet the proposal criteria, as confirmed by a Moderator, become available for voting on Snapshot. Snapshot is wallet-authenticated to ensure only holders of Curators NFTs may participate in this forum. Snapshot is a best-in-class voting platform, does not require gas payment and ensures that all Curators NFT holders may participate in setting the direction of the Curators Society DAO.
proposal is your recommendation or requirement that the Curators Society DAO take action. Each proposal should state as clearly as possible the course of action that you believe the Curators Society DAO should follow. If your proposal receives confirmation by a Moderator that it complies with the Principles, it will be submitted for discussion on Discourse and may be put to vote on Snapshot. Moderators serve in an administrative and editorial capacity. Unless otherwise indicated, the word “proposal” as used in this section refers both to your proposal, and to your corresponding statement in support of your proposal.
A proposal typically includes:
- Abstract - Two or three sentences that summarize the proposal.
- Motivation - A statement on why the Curators Society community should implement the proposal.
- Rationale - An explanation of how the proposal aligns with Principles.
- Key Terms (optional) - Definitions of any terms within the proposal that are unique to the proposal, new to the Curators Society community, and/or industry-specific.
- Specifications - A detailed breakdown of the platforms and technologies that will be used.
- Steps to Implement - The steps to implement the proposal, including associated costs, human capital, and other resources for each step where applicable.
- Timeline - Relevant timing details, including but not limited to start date, milestones, and completion dates.
- Overall Cost - The total cost to implement the proposal. You may add additional fields to any template if necessary to fully communicate the intentions, specifics, and implications of the proposal.
You may add additional fields to any template if necessary to fully communicate the intentions, specifics, and implications of the proposal.
Proposals that did not make it through the respective approval process and are being resubmitted should also include:
- Link to original proposal
- Reason it was not approved
- Changes that have been made and why it should now be approved
You may add additional fields to any template if necessary to fully communicate the change made and the intentions, specifics, and implications of the resubmitted proposal.
For reasons of efficiency, your proposal or resubmitted proposal, in each case including any accompanying supporting statement, should not exceed 500 words.
Phase 1: Submission and Discussion
Any proposal should be submitted as a post in Discourse and must receive confirmation by a Moderator that it complies with the Principles before it appears to the community. If not already specified, a Moderator may suggest a proposal category.
The person or people submitting the proposal will be referred to as the author or authors (the “Author”). One or more Authors can work together on
a proposal, but it should be submitted only once. The proposal informally gathers comments on Discourse for 7 calendar days. If the Author wants to
propose changes to the original idea, they must do this via comments to the Discourse post-- the Author may not edit the original post.
After the 7 calendar day discussion and comment period ends, a Moderator will close the Discourse topic and send the Author next steps, including a
proposal template. The Author will fill out the template (including any Discourse feedback), and may add additional fields to the template if necessary to fully communicate the intentions, specifics, and implications of the proposal. The Moderator may also inform the Author of any changes that need to be made to the proposal template. If the Author does not respond to the Moderator’s request within 14 calendar days, the proposal will be deemed abandoned.
Following acceptance of the proposal template, a Moderator will assign a number to the proposal for identification purposes throughout the rest of the
process. From this point on, the proposal is referred to as “Proposal-#: (Name) - (Category)”. For example, the first Proposal is “Proposal-1: Proposing the Curators Society DAO - Process”.
Phase 2: Proposal Review
The proposal is reviewed by a Moderator, in an administrative and editorial capacity, to ensure that costs, steps to implement, legal considerations, third-party review requirements, potential conflicts of interests, and any further implications have been identified. Given that Author may be submitting drafts with little to no resources, this service for the Curators Society community ensures that members have enough information about proposals to make informed decisions when voting. The proposal is then again reviewed by a Moderators and assessed for its adherence to the Principles.
Any proposal will be categorized as either:
1. Approved: These proposals move to Phase 3 (Voting).
2. Under Review: These proposals are reviewed by the Curation Committee, serving in an administrative capacity, to determine
whether clarification or action is required. The Curation Committee may consider, without limitation, any issues with implementation of the proposal, any actual or potential conflicts of interest, any opposing or conflicting proposals then in process under this framework, whether the proposal is reasonably likely to violate applicable law, or whether the proposal supports the Principles. The Curation Committee may also discuss the proposal with the Author. Following this review, the Curation Committee will determine whether the proposal is moved to Phase 3 (Voting) or is deemed not approved.
3. Resubmission: Any proposal that does not meet the proposal criteria may be resubmitted by the Author or the Moderator, except if the proposal is reasonably likely to violate applicable law, there is a reasonable suspicion of fraud or other malfeasance, or is misleading in any way.
Phase 3: Voting
Proposals that have reached Phase 3 will be put to vote on Snapshot during the next monthly proposal release on the first Thursday of every month at
9:00 pm EST. Once a proposal is live on Snapshot, they are open to voting until the following Wednesday at 9:00 pm EST. Only a Moderator may post a
proposal to Snapshot.
Each Curators NFT entitles its holder to one vote. A vote may be made:
1. In Favor: The voter is in favor of implementing the proposal as submitted.
2. Against: The voter is against implementing the proposal as submitted, which may encourage the Author to resubmit the proposal if it is not passed.
If desired, holders of Curators NFTs may delegate their vote to other holders of Curators NFTs for purposes of Snapshot voting. The quorum requirement for any vote is 5% of all of the Curators NFTs entitled to vote on any given proposal. Curators Society believes that this quorum level will ensure that the goals and objectives of Curators Society are achieved at any level of community participation. Following the closing of the Snapshot vote, each proposal will be categorized as either:
1. Passed
-A proposal is deemed “passed” if it receives (a) the approval of a majority of the votes cast on the proposal or, (b) in the case of a proposal where multiple options are available for selection, the approval of a plurality of the votes cast on that option in such proposal, in each case at the time the Snapshot vote is closed.
-These proposals move to Phase 4 (Implementation).
2. Not Passed
-A proposal is deemed “not passed” if it does not receive (a) the approval of a majority of the votes cast on the proposal or is tied or (b) in the case of a proposal where multiple options are available for selection, the plurality of the votes cast in such proposal, in each case at the time the Snapshot vote is closed.
-Any proposal that is not passed may be resubmitted by the Author, except if the proposal is reasonably likely to violate applicable law, there is a reasonable suspicion of fraud or other malfeasance, or is misleading in any way.
Phase 4: Implementation
Any proposal that is passed will be implemented based on the steps outlined in the proposal template.
The purpose of the Curation Committee is to administer this framework and ensure that proposals align with the Principles. Every year, the Curators Society DAO will vote to determine who serves on the three independent members of the Curation Committee. All members of the Curation Committee must hold a Curators NFT for the duration of their membership on the Curation Committee. Any independent member of the Curation Committee may be removed and replaced prior to the end of such member’s term pursuant to a majority vote of holders of Curators NFTs.
This framework may be amended from time to time by the Curation Committee.
