10. VOTING RIGHTS
Governance Rights
These rights will be focused on Bricklayer DAO structure, the election of Active Participants, both short-term and long-term strategies, and the implementation of additional rules and novel guidelines.
Portfolio Build Strategy Rights
These rights will deal with handling assets in the DAO Treasury, dispositions, lease events, and the selection of new proposals. Prior to vote, newly introduced real estate proposals must go through a validation process undertaken by BCRE. Once approved the voting template can be launched for 7-day member vote decision. Blockchain smart contracts will facilitate voting with all results visible and members notified.
Example vote proposals include:
Exceeding target D/E ratios
Lease events
Future acquisition options
Alternative territories
Alternative real estate asset classes
Dispositions
Renewals
Expansions
Refurbishment
Development
Revitalization
DAO treasury management
Risk exposure and diversification management
Voting Credits:
The DAO voting platform, with a majority rule decision-making process, is superior in transparency when compared to traditional corporate platforms, plagued with potential conflicts and toxic office politics found in centralized environments. All members can voice their opinions with Bricklayer DAO.
Members voting power is linked to the number of active $BRICKS cemented, one voting credit requires 100 cemented $BRICKS.
Bricklayer: 1 - 49 voting credits.
Broker: 50 – 499 voting credits.
Developer: 500 – 2,499 voting credits.
Board Member: 2,500 – 5,000 voting credits.
Voting credits are restricted to ensure the desired level of decentralization, maximum voting influence is capped at 5,000 credits per license holder.
However, the members can purchase and cement more $BRICKS as there is no maximum cap in respect of $BRICKS ownership per license holder.
However, once a license holds less than 100 BRICKS they can no longer cement or vote.
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