ποΈThe HSuite Foundation
Foundation Structure and Mission
The HSuite Foundation will be constituted as a DUNA (Decentralized Unincorporated Nonprofit Association) in Wyoming, providing a legal framework specifically designed for decentralized organizations. Complete documentation and information will be shared as soon as the entity is officially established.
The Foundation operates with a unique commitment to the entire multi-chain ecosystem.
π― Primary Mission
π Universal Support: Support and fund smart-app development across ALL chains in our ecosystem
βοΈ Chain-Agnostic Growth: Promote chain-agnostic ecosystem growth
π° Developer Incentives: Provide developer grants and incentives for building innovative SmartNode applications
π Education: Foster educational initiatives to grow the multi-chain developer community
βοΈ Multi-Chain Balanced Approach
The Foundation maintains a balanced portfolio of HSUITE tokens across all supported chains, ensuring:
π° Consistent Funding: Consistent funding capability across all chains
π« No Favoritism: Neutral support without favoring any single chain
π― Equal Treatment: Equal consideration for projects regardless of deployment chain
π Sustainable Support: Sustained development funding regardless of individual chain performance
π€ Foundation Participation Model
The Foundation has a unique participation structure in chain expansions:
πͺ Token-Only Rewards
Receives new chain HSUITE tokens only (no stable coin proceeds)
1οΈβ£ 1:1 Exchange Rate
Burns X HSUITE, receives X HSUITE on new chain
π― Purpose
Maintains balanced holdings for ecosystem-wide support
π‘ Usage
New tokens fund cross-chain grants and development initiatives
π Foundation Benefits:
Maintains proportional holdings across all chains
Never dilutes existing chain holdings
Enables consistent cross-chain support
Grows foundation resources as ecosystem expands
π³οΈ Foundation Governance Manifest
π Democratic Council Structure
ποΈ Foundation Council Composition
π₯ Council Size: 7 members (odd number for decisive voting)
β±οΈ Term Length: 2 years per term
π Rotation Schedule: 50% of council rotates every year (3 members year 1, 4 members year 2)
π Representation: Multi-chain community representation required
π³οΈ Fair Election Process
π Eligibility Requirements
πͺ Minimum Stake: Hold HSUITE tokens on any supported chain (amount TBD by community vote)
β±οΈ Holding Period: Minimum 6 months holding period before nomination
π Chain Diversity: Maximum 2 council members from same primary chain
π« Conflict Avoidance: No core team members or direct business partners eligible
π³οΈ Election Mechanics
π Annual Elections: Held every year for rotating positions
πͺ Voting Power: 1 HSUITE = 1 vote across all chains (aggregated holdings)
π― Nomination Period: 30-day public nomination period
π³οΈ Voting Period: 14-day voting period with transparent on-chain voting
π Results: Publicly verifiable through blockchain consensus
π Rotation Table Schedule
Year 1
Positions 1, 3, 5
Positions 2, 4, 6, 7
3
Year 2
Positions 2, 4, 6, 7
Positions 1, 3, 5
4
Year 3
Positions 1, 3, 5
Positions 2, 4, 6, 7
3
βοΈ Decision-Making Framework
π― Voting Requirements
π Simple Majority: 4/7 votes for routine funding decisions
π Super Majority: 5/7 votes for policy changes or large grants (>$10K)
ποΈ Unanimous: 7/7 votes for fundamental changes to governance structure
π Council Responsibilities
π° Grant Approval: Review and approve ecosystem funding requests
π Resource Allocation: Manage Foundation treasury across all chains
π Policy Setting: Establish funding criteria and ecosystem priorities
π Transparency: Publish quarterly reports on Foundation activities
π€ Community Engagement: Regular community AMAs and feedback sessions
π‘οΈ Accountability Measures
π Transparency Requirements
π Monthly Reports: Public disclosure of all funding decisions
πͺ Treasury Transparency: Real-time visibility of Foundation holdings across all chains
π³οΈ Voting Records: All council votes publicly recorded and accessible
π Meeting Minutes: Public minutes of all council meetings
βοΈ Recall Mechanisms
π¨ Community Recall: 25% of total voting power can trigger recall vote
π³οΈ Recall Vote: Simple majority of community vote removes council member
π Replacement Process: Special election within 30 days for vacant positions
π― Implementation Timeline
π Legal Formation: Complete DUNA establishment in Wyoming
π Documentation: Publish complete governance documentation
π³οΈ Bootstrap Council: Initial council appointed by community consensus
βοΈ First Election: Full democratic election within 6 months of launch
π Regular Operations: Annual rotation cycles begin
π― What's Next?
Learn more about the HSuite ecosystem:
Team & Partnerships - Key people and strategic alliances
Governance Framework - How decisions are made
Tokenomics Model - Economic structure and incentives
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