Committee

• Committee Primacy Responsibilities:

1. Evaluate Execution Feasibility and Completeness:

The Committee's primary role is to assess the feasibility and completeness of each DAO proposal on behalf of MVCDAO. They are not here to entertain fictional stories or fleeting dreams. MVC is a serious project, not a meme. The Committee sifts through various community plans, submitting only those that are feasible and well-structured proposal for DAO on-chain voting and internal committee voting. The Committee's final comments, feasibility ratings (on a scale of 0-10), and voting decisions on each internal committee proposal and on-chain proposal will be summarized and shared with the community.

2. Act as Internal Auditors:

The Committee is the financial watchdog of MVCDAO. They are tasked with the regular monitoring of the administrator's budget usage, ensuring that MVC's operations adhere to the budget framework under MIP-2 (or any subsequent revised budget framework). This is conducted every two monthly, but will transition to a monthly basis once a Finance Team Leader or two executive secretary are appointed.

3. Act as Hearing Auditors at Partnership Meetings:

The Committee ensures transparency in partnerships by regularly monitoring meetings involving the public relation team leader, committee members, administrators, or COO. They're the guardians of MVC's partnerships, making sure everything is fair and square.

4. Guiding Service Providers / Resource Providers Towards Community Consensus:

4A) The Role of the Committee: Picture the Committee as the friendly neighborhood mediators, bridging the gap between Resource Providers and the vibrant MVCDAO community. Their mission? To foster a harmonious consensus, ensuring everyone is rowing the boat in the same direction.

4B) Proposal Assistance: Resource provider or member stuck on your proposal? No worries! The Committee is here to lend a helping hand. They should guide member through the standardized proposal application form, which includes the MVCDAO general disclaimer to keep any legal hiccups at bay. They're like member's personal GPS, ensuring author's proposal is complete and feasible for execution. But remember, MVCDAO is all about non-profit vibes, so any proposals aimed at commercial income generation for MVCDAO should receive a polite "no, thank you" from the Committee.

4C) Regular Participation in DAO Governance:

Committee members are expected to exercise their internal voting rights on behalf of MVCDAO with the highest level of objectivity and responsibility. For more information, check out the Committee Voting Guideline section.

5. Assist in Operational Budget Revisions:

The Committee assists in submitting MIP proposals to adjust the budget framework under MIP-2, enabling administrators or executive team leaders or COO to operate within the updated budget framework. They're the financial strategists of MVCDAO, helping to steer the ship in the right direction.

• Committee Voting Guideline:

Objective: The primary role of a committee member is to exercise their voting rights with utmost objectivity, diligence, and integrity. They are responsible for evaluating each proposal based on its completeness, feasibility, and cost-effectiveness, ensuring the best interests of the MVCDAO are upheld.

1. Evaluation guideline:

Committee members should thoroughly review each proposal. If a proposal lacks sufficient information, appears unconvincing, or the associated costs seem unreasonable, lack of execution feasibility, it is the committee member's duty to vote 'Against the Proposal'. Abstaining from voting should not be an option in such scenarios.

2. Ensuring Overall Completeness of a Proposal:

Committee members have the right, and indeed the responsibility, to request additional information from the proposal author. If a proposal is lacking in detail, not well-structured, or it's feasibility for execution is questionable, committee members should not hesitate to ask the author to re-submit or revise the proposal with the necessary additional information before proposal submission.

3. Upholding Integrity:

Integrity is a cornerstone of MVCDAO operations. Committee members should not feel pressured to change their vote from 'No' to 'Yes' due to potential backlash. It is essential to maintain the integrity of the MVCDAO.

This guideline is in place to ensure that all committee members uphold the integrity and transparency of each voting decision. Always act in the best interest of MVCDAO.

• Remuneration basis:

We propose a tiered reward system based on the value of the 'Space' token at the time of payment. This system is designed to ensure a balanced and fair distribution of rewards, while also maintaining the financial sustainability of the MVC ecosystem.

Qty of Space: 100 per month each committee member with the following ceiling Criteria:

1. For a 'Space' value less than or equal to 35, the maximum monthly reward will be capped at 2,250USDT worth of 'Space' tokens at the time of payment.

2. If the 'Space' value is higher than or equal to 35, the maximum monthly reward will be capped at 3,000USDT worth of 'Space' tokens at the time of payment.

3. If the 'Space' value is higher than or equal to 100, the maximum monthly reward will be capped at 4,000USDT worth of 'Space' tokens at the time of payment.

4. If the 'Space' value is higher than or equal to 250, the maximum monthly reward will be capped at 5,000USDT worth of 'Space' tokens at the time of payment.

5. If the 'Space' value is higher than or equal to 625, the maximum monthly reward will be capped at 6,500USDT worth of 'Space' tokens at the time of payment.

6. If the 'Space' value is higher than or equal to 1,500, the maximum monthly reward will be capped at 8,000USDT worth of 'Space' tokens at the time of payment.

Example:

If the value of Space = 10USDT, each committee member will receive 100 space per month.

If the value of Space = 20USDT, each committee member will receive 100 space per month.

If the value of Space = 30USDT, each committee member will receive 75 space per month.

If the value of Space = 50USDT, each committee member will receive 60 space per month.

Execution of payment to committee: Payments will be made on or before the 8th of each month.

• Remuneration structure based on voting participation and general comment attendance.

1. Remuneration Structure: The remuneration structure is designed to incentivize active participation and is based on both proposal voting and general comment attendance. The structure is as follows:

• 110% Remuneration: Awarded to member of committee with a proposal voting and general comment attendance of 95% or above.

• 100% Remuneration: Awarded to member of committee with a proposal voting and general comment attendance equal to or greater than 83.2% (5/6).

• 70% Remuneration: Awarded to member of committee with a proposal voting and general comment attendance between 70% and 83.2%.

• 40% Remuneration: Awarded to member of committee with a proposal voting and general comment attendance lower than 69.9%.

Note: committee members are permitted to abstain from voting occasionally, but abstention's ratio should not exceed (1 out of 6) over the same period. Abstaining on average from ''one vote for every six votes ratio'' on a monthly basis will not result in a deduction from their remuneration.

• Minimum Voting & Comment Attendance Requirement:

Each member of the committee is required to maintain a minimum voting and commenting attendance rate of 70%. Furthermore, their abstention rate should not exceed 30% over the course of any two consecutive months. This stipulation ensures that committee members are actively participating in the DAO governance framework, rather than merely occupying seats.

• Retention of Position:

If a committee member fails to meet the minimum voting and comment attendance requirements, a minimum of 4 internal votes in favor are required for the member to retain their position. This ensures that only the most committed and active members stay on the committee.

• General Replacement of Committee Members:

A minimum of 5 internal votes or a 75% consensus DAO on-chain proposal is required to replace an existing committee member.

• MVCDAO Position Conduct:

Any MVCDAO position, including committee members, found in breach of the general Code of Conduct [MIP-2 or subsequent version of code of conduct] three times or committing a serious offense such as engaging in misleading and deceptive conduct with evidence, will face immediate termination of their position. The Executive Team Leader or COO reserves the right to enforce this action on behalf of MVCDAO.

• Committee Member Replacement Procedure:

In the event of a committee member's position becoming vacant, MVCDAO will accept new committee applications within 5 days. Following this, an election notice will be issued within 3 days, with a duration of 7 days to refill the vacant committee member position.

This proposal ensures that the MVCDAO committee is composed of active, committed members who adhere to the highest standards of conduct. It also provides a clear and fair process for the replacement of committee members when necessary

• Disclaimer & Remarks:

1. Space is not an investment vehicle:

MVCDAO emphasizes that Space, the native gas of the MVC network, is not intended for investment or speculative purposes. Its value and price are subject to the utility demand within the MVC network, which may lead to price fluctuations. We strongly discourage participants from purchasing Space with the intention of investment or speculation. MVCDAO does not make any commitments or guarantees regarding the price or value of Space. When holding Space, it should be used exclusively for participation in MVCDAO governance or for utility purposes within the MVC network.

2. Purpose of the proposal:

This proposal is not intended for investment analysis or induction. Instead, it aims to enhance the visibility of the MVC network. It's all about putting our network in the spotlight, not about financial advice.

3. Conflict of interest declaration:

The author of this proposal has not received any commission.

4. The MVC Oath Document Signing

On the 25th of November, 2023, we will be hosting the official signing of the MVC Oath Document. 📜✍️This isn't just any document. It's a symbol of elected member's unwavering commitment to uphold the values of MVC, act diligently in its best interest, and adhere unconditionally to the MVCDAO code of conduct and DAO proposal resolutions. 🏛️💼 To make sure you're part of this historic event, we kindly ask elected member to submit your personal email to [e-mail] by November 20th. 📧 This will allow us to share all the juicy details about the event and the signing process. 📅🔍By participating, you're not just attending an event. You're acknowledging your full understanding and acceptance of the MIP-1, MIP-2, and MIP-15 documents and becoming a part of MVC's vibrant history.

5. Commencement Delay for Administrators:

We understand that time is of the essence. However, it's important to note that, unless stated as urgent or otherwise, proposals may experience a slight pause in their commencement. This could usually range from 2 to 10 days, due to necessary preparations, other tasks in the pipeline, or unforeseen circumstances.

This timeline isn't set in stone but is thoughtfully determined by Executive Team Leader or COO. They're always working hard behind the scenes to ensure everything runs like a well-oiled machine.

We deeply appreciate all member's understanding and patience during these times.

6. Transparency:

MVCDAO is committed to providing regular updates on voting decisions and the final summary comment from each committee for each proposal to the public. We believe in keeping things clear and open!

7. Termination of position:

7A) Wallet Security:

Member wallet safety is top priority! All MVCDAO position holders are strongly advised against sharing direct MVC wallet links. If a position holder is found sharing wallet links via DM more than 5 times post-election, they may face termination of their position. We encourage you to share only official website & Twitter links, or post official wallet links in public channels or group channels only for [Partnership or CEX/DEX or integration arrangement] to avoid misunderstandings.

7B) Avoid misleading and deceptive conduct:

At MVCDAO, we're all about fair and square! Any DAO position holder found engaging in misleading and deceptive conduct, such as DM member for unauthorized sale of DAO treasury, may face immediate termination after election. [Remember, all space distribution is mission based or working based]. The termination can be actioned by the executive team leader, COO, or a unanimous vote from 4 committee members. We're a global team that values honesty above all, and we have zero tolerance for misconduct!

7C) Active participation is required:

Each committee member is required to maintain a minimum voting and commenting attendance rate of 70%. If a committee member fails to meet these requirements, a minimum of 5 internal votes in favor are required for the member to retain their position. This ensures that our committee is filled with the most committed and active members.

7D) Act in the best interest of MVCDAO:

MVCDAO positions are not permanent. Elections take place every 6 months. So, keep your game face on! Always strive to do your best on behalf of MVCDAO to ensure you are re-elected on a recurrent basis. After all, we're in this for the long haul!

7E) Minimum vSpace holding:

Committee membership in the MVC ecosystem is a position of responsibility and trust. As such, it necessitates certain prerequisites. One such requirement is the possession of a minimum of 1,000 vSpace on a monthly basis. Upon request, proof of this holding must be furnished within a 5-day period. For the position of Chief Operating Officer (COO), the requirement is more stringent, necessitating a minimum holding of 10,000 vSpace tokens on a monthly basis.

In the event of non-compliance with these requirements, MVCDAO will arrange an election process within 10 days to replace the non-compliant member. This is to ensure the integrity and smooth functioning of the MVCDAO ecosystem.

8) Stay Safe & DYOR:

All MVCers, Remember, in the world of DAO, we're all about Do Your Own Research (DYOR). Before diving into any DAO activities, make sure you've done your homework. MVC is a DAO, which means we're all in this together, but MVCDAO can't be held responsible for any losses due to independent DAO member's actions. So, always stay vigilant, do your own research, and let's keep our community safe and thriving!