MIP#2

MIP#: MIP#2 
Title: MVCDAO Recruitment & Quarterly Budget (01 Jul 2023 to 30 Sep 2023)
Author(s): MVC Labs & Jason.K
Contributors: Rachel.T, Andrew & Doctor Manhattan
Editor: N/P
Date Proposed: 23-06-19 10:00(UTC)
Date Ratified: 23-06-29 10:00(UTC)
Dependencies: N/P
Replaces: N/P

• Executive Summary:

In decentralized governance:

Committee:

1) In order to maintain openness and sufficient transparency for achieving true decentralized governance, a committee needs to be formed to review proposals from ordinary members, serve as an internal auditor for various team leaders, and assist MVCDAO to reach general consensus and jointly make decentralized decisions.

Delegation of authority:

2) Tasks will not be completed automatically. The responsibilities and authorities of each MVC position need to be identified. Various team leaders in charge, executive secretaries, moderators, and various professionals in the future need to collaborate to ensure the smooth operation of MVCDAO. Division of labor and cooperation can improve efficiency by specializing and improving the professionalism of various task fields.

Budget & General guideline:

3) Decentralization, efficiency, transparency, and effectiveness are a powerful combination, but it needs to be balanced in management. If all expenses and detail require unanimous agreement, the decision-making efficiency for MVCDAO will be greatly reduced. Therefore, we need to assign various team leader to perform due diligence and act in the best interest of MVCDAO, while identify various usage standards in advance through budget to avoid the abuse of treasury by various team leaders. By doing this, MVCDAO can balance appropriate transparency and effectiveness in decision-making while minimizing the impact on daily operations. Through regular maintenance, updates, and repairs, decentralized governance mechanisms will continue to evolve to meet changing needs and new challenges.

• Proposal Details:

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To summarize:

1) Small amount usage under budget - Determined by various team leaders - Audited by Committee on a regular basis (mainly for general operational purposes).

2) Medium amount grant - especially USDT 2,000 to USDT 20,000 >> 60% of committee vote in favor.

3) Large amount grant - especially USDT 20,000 or above >> 60% non-constitutional proposal vote in favor.

Election Schedule:

1) Recruitment Proposal » 10 days (Space holder voting period)

2) All position face global application 10 days to 14 days (Announcement).

3) Space holder election for 7 days (Another election proposal)

4) Committee and team leader group established.

5) Assign Moderator by (Committee 60% or executive team leader) 2 Shift / 3 Shift

Elections take place on a quarterly or half-yearly basis. If committee member is less than 5, applications will be ongoing until MVC has at least 5 committee members.

Sundries Pocket Treasury for operation purpose:

The Finance team leader or executive team leader will reserve 500 Spaces or a maximum value of USDT 7,000 worth of Space for daily sundry operation purpose. Refill application will be made on a monthly basis. The transparency and usage report should be audited by the committee on a monthly basis.

Governance token as rewards confirmation acceptance:

A) 7 days average on the closing price before the rewards are settled or

B) 7 days average before the end of each month or quarter, depends on situation.

C) Rewards will be granted to contributors on weekly basis, bi-weekly basis or monthly basis depends on situation.

[Determined by executive team leader]

Value for rewards should be determined by third party source, example:

https://www.coingecko.com/en/coins/microvisionchain/historical_data#panel

https://coinmarketcap.com/currencies/microvisionchain/historical-data/

or The centralized exchange with the largest trading volume for ‘Space’

Remarks:

· Unless replaced by a new proposal, the quarter's budget proposal will extend to each quarter.

· ‘Space’ is gas of MVC network and MVC use ‘gas’ as governance token of MVC, it is not an investment vehicle. The proposal to release 'Space' to any contributor is not for the purpose of speculation. It is a friendly invitation to invite them to govern MVCDAO together, and to thank them for their contribution effort to increasing the exposure of MVC blockchain technology.

· This proposal is purely seeking assistance to increase the visibility of MVC technology, not any intention for investment purpose.

· Conflict of interest declaration: The author of this proposal has not received any commission.