The GST DAO Constitution is effectively the governance document and is subject to change at the time of writing this document. In order to fully understand the governance structure, processes and legal standing of the various pirates involved in the governance of this DAO, please view the Constitution which is a separate document. 

It is important to note that neither this document nor the Constitution provides a complete and final list of all governance powers held by our members. The very nature of a DAO structure means it must remain open to amendments. 

Constitutional Changes

In order to amend any part of the Constitution, after the Constitution Lock requirements have been met, the PMP must be implemented. Both DAO members and DAO entities may propose such additions, amendments or changes. The special purpose cannot be changed. 

DAO administrators are obliged to ratify any such additions, amendments or changes providing the implementation of those changes is not in contradiction to the “special purpose” of this DAO or detrimental to the functioning of this DAO. 

Elected positions

DAO members may elect and/or remove individuals from the three initial leadership roles that form the operational and oversight off-chain elements of GST DAO. 

• Foundation Supervisor 
• Foundation Council Members
• Operating company 

As we grow there may be reason to include additional elected positions, all of which will exist within a liquid democracy framework meaning those individuals or organisations may be removed from such positions at any time. 

*Please view the Constitution for specific requirements for removals and elections. 

DAO operations

As a general rule-of-thumb, any activities undertaken by the off-chain entities are performed at the behest of the members. Therefore our members must be able to put forward proposals which enable or restrict either a specific one-time action or any form of continuous or procedural action taken by any off-chain entity. Either the VP or PMP may be used for such proposals – the majority of votes required may differ. 

Acquiring land 

For land to become DAO land the operational company and DAO administrators must perform due diligence to ensure the land is suited to the requirements of the DAO. Additionally, DAO members must also approve the acquisition. This can be in one of two ways:  

1. Fund a purchase using the Project Raise Protocol.
2. Refrain from enacting the Veto Protocol (Instances where the VP may be relevant include land donations, land exchanges, or any other land acquisitions not funded directly by members using PRP). 

Any land acquired by the DAO must be in alignment with the “special purpose” of this DAO.

The process of acquiring land must be verified by independent third parties and these verifications made available to both DAO members in an immutable location when possible. 

Below illustrates the different entities that must sign off when land is acquired by the DAO:  

Liquidation of DAO assets 

It may be desired or necessary to liquidate DAO assets, namely DAO held land. There are three types of liquidation: 

1. Enforced liquidation: 
   • If the DAO has been forced to sell of land, DAO members can vote to fight any such order 
2. Partial voluntary liquidation:
   • This may be when DAO administrators or the DAO members wish to sell land in order to further our special purpose. If the proposal comes from the DAO administrators, then the DAO members can veto such a decision. 
3. Total voluntary liquidation:
   • Effectively closing GST DAO and can be voted on by the DAO members

More on this in the Tokenomics section of this document and in the Constitution.