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Useless Brick
  • Welcome
  • Getting Started
    • What Exactly Is Useless Brick?
    • Core Concepts
    • Mining Mechanics
    • 0-Trust Policy
    • Network Governance
    • Decentralized Governance (DAO)
      • Treasury
    • Getting Started
    • Why Useless Brick?
    • Step-by-Step WiFi Setup
    • Frequently Asked Questions
    • Error Codes
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  1. Getting Started
  2. Decentralized Governance (DAO)

Treasury

Treasury serves as the financial backbone of the Useless Brick ecosystem. Managed by the DAO, it funds project development, rewards, community initiatives, and other operational expenses, ensuring the project's sustainability and growth.

Management and Security

  • Transparent Audits: Regular audits are conducted to ensure the integrity and security of the funds, with results made publicly available to the community.

  • Spending Proposals: DAO members can submit proposals outlining the intended use of treasury funds, subject to community approval through the governance process.

Funding Allocation

  1. Development: Continuous improvement of the Useless Brick firmware, backend infrastructure, and other technical components.

  2. Rewards and Incentives: Funding for Miner rewards, bonuses, and incentives to encourage active participation.

  3. Community Initiatives: Grants and support for community-driven projects, events, and marketing efforts.

  4. Operational Expenses: Covering costs related to hosting, maintenance, security, and other administrative needs.

Proposal Process for Treasury Funds

  1. Submission: Any Miner can submit a proposal detailing the intended use of treasury funds.

  2. Review: The Council of Miners reviews the proposal for feasibility, impact, and alignment with project goals.

  3. Discussion: The community discusses the proposal, providing feedback and suggestions.

  4. Voting: Miners vote on the proposal. Approval requires a predefined quorum and majority as per the governance rules.

  5. Execution: Upon approval, the funds are disbursed as outlined in the proposal, with transactions recorded transparently on the blockchain.

Ensuring Responsible Stewardship

  • Accountability: DAO members managing the Treasury are accountable to the community, ensuring funds are used responsibly and effectively.

  • Transparency: All transactions and fund allocations are transparently recorded and accessible to Miners, fostering trust and confidence in the project's financial management.

  • Sustainability: Funds are allocated strategically to support long-term project sustainability, growth, and resilience against market fluctuations.

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Last updated 3 months ago