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10. VOTING 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.
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.
- 1.Exceeding target D/E ratios
- 2.Lease events
- 3.Future acquisition options
- 1.Alternative territories
- 2.Alternative real estate asset classes
- 4.DAO treasury management
- 1.Risk exposure and diversification management
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.