Expenditure Determination
Objective: In the dynamic world of decentralized governance, the key to success lies in striking the perfect balance between decentralization, efficiency, transparency, and effectiveness. This section guideline aims to establish a clear, efficient, and transparent process for the approval and execution of expenditures within MVCDAO, without the need for unanimous agreement on every decision.
Expenditures Below USDT 2,000:
These are like your daily coffee runs.☕️ [Day-to-day operational costs which should all covered within the operational budget framework (MIP-2 and it's subsequent operational budget proposal)]. Handled by the Executive Team Leader or COO, they keep the MVCDAO engine running smoothly.
The Committee, acting as an internal auditor, should reviews them regularly [every two-month, and more frequently, once a finance team leader is appointed or two executive secretary is appointed]. This ensures that the MVCDAO's operations run smoothly without any hiccups.
Expenditures Ranging from USDT 2,001 to USDT 30,000:
Now we're talking about a fancy espresso machine for the office. It require a minimum of 4 internal committee votes in favor.
The transparency here is top-notch with the regular recap of the voting decision and comment.
Expenditures range from USDT 30,001 to USDT 120,000:
"This is like buying a coffee plantation. It requires a DAO on-chain proposal with 60% consensus. The committee is there to provide relevant guidelines, advise on feasibility and completeness to the author, and, like a barista crafting the perfect brew, ensure the proposal is well-crafted.
Expenditures above USDT 120,001:
This is like opening a chain of coffee shops. It needs a strong 75% consensus from the DAO on-chain proposal. It's a big decision, and we want to make sure everyone is on board.
Summary: This approach ensures that MVCDAO's operations are as smooth as a well-made latte, with the perfect balance of efficiency, transparency, and democracy.
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