A DAO (Decentralized Autonomous Organization) is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.
KRB token holders can take a direct part in governing the Krebit DAO, and share dividends earned from the marketplace commissions.
Krebit will be governed by an open Optimistic DAO of stakeholders, industry experts and project partners. This allows the platform to be operated with maximal transparency, minimal required trust in centralized operators, and no centralized attack surfaces.
Decision via vote is infrequent in Krebit because it is slow and carries a high coordination cost; costs which are justified in the (hopefully rare) case of dispute resolution.
Changes in the DAO can be triggered via the motions process as defined in EIP-3000. ERC-3000 presents a basic on-chain spec for contracts to optimistically enact governance decisions made off-chain.
Proposals can be submitted for consideration at any time and have an explicit expiration.
To be able to create a motion, the user must have a minimum number of KRB. This basic minimum required to propose a change prevents users from spamming motions.
All marketplace commissions will go to the Krebit DAO’s treasury.
A fixed percentage will be separated for paying the network administration and advocacy/publicity to the Krebit Council/Managers.
The DAO will vote on paying dividends or making investments/donations.
Once a dispute has been raised and settled one way or the other, the user on the losing side will lose reputation (slashed KRB) and the one on the winning side will gain it (minted KRB).
Krebit Inc. (a Delaware S Corp) operates the Krebit DApp and promotes the Krebit DAO.
The Krebit Inc. company was formed to house the Krebit community's key intangible assets, such as trademarks and code copyrights, and it operates solely on the basis of objective and rigid statutes that define its mandate.
Its purpose is to safeguard what cannot be technologically decentralized and bootstrapping the system to ensure that it can survive as a fully decentralized organization that can successfully thrive on its own.