NOTE: this is still a draft, so it's subject to changes. This alert will be removed as soon as final version will be available

πŸ›οΈThe 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.

🎯 Primary Mission

  • 🌍 Universal Support: Support and fund smart-app development across ALL chains in our ecosystem

  • βš–οΈ Chain-Agnostic Growth: Promote chain-agnostic ecosystem growth

  • πŸ’° Developer Incentives: Provide developer grants and incentives for building innovative SmartNode applications

  • πŸ“š Education: Foster educational initiatives to grow the multi-chain developer community


βš–οΈ Multi-Chain Balanced Approach

The Foundation maintains a balanced portfolio of HSUITE tokens across all supported chains, ensuring:

  • πŸ’° Consistent Funding: Consistent funding capability across all chains

  • 🚫 No Favoritism: Neutral support without favoring any single chain

  • 🎯 Equal Treatment: Equal consideration for projects regardless of deployment chain

  • πŸ”„ Sustainable Support: Sustained development funding regardless of individual chain performance


🀝 Foundation Participation Model

The Foundation has a unique participation structure in chain expansions:

Aspect
Details

πŸͺ™ Token-Only Rewards

Receives new chain HSUITE tokens only (no stable coin proceeds)

1️⃣ 1:1 Exchange Rate

Burns X HSUITE, receives X HSUITE on new chain

🎯 Purpose

Maintains balanced holdings for ecosystem-wide support

πŸ’‘ Usage

New tokens fund cross-chain grants and development initiatives

πŸ“ˆ Foundation Benefits:

  • Maintains proportional holdings across all chains

  • Never dilutes existing chain holdings

  • Enables consistent cross-chain support

  • Grows foundation resources as ecosystem expands


πŸ—³οΈ Foundation Governance Manifest

πŸ“‹ Democratic Council Structure

πŸ›οΈ Foundation Council Composition

  • πŸ‘₯ Council Size: 7 members (odd number for decisive voting)

  • ⏱️ Term Length: 2 years per term

  • πŸ”„ Rotation Schedule: 50% of council rotates every year (3 members year 1, 4 members year 2)

  • πŸ“Š Representation: Multi-chain community representation required

πŸ—³οΈ Fair Election Process

πŸ“ Eligibility Requirements

  • πŸͺ™ Minimum Stake: Hold HSUITE tokens on any supported chain (amount TBD by community vote)

  • ⏱️ Holding Period: Minimum 6 months holding period before nomination

  • 🌍 Chain Diversity: Maximum 2 council members from same primary chain

  • 🚫 Conflict Avoidance: No core team members or direct business partners eligible

πŸ—³οΈ Election Mechanics

  • πŸ“… Annual Elections: Held every year for rotating positions

  • πŸͺ™ Voting Power: 1 HSUITE = 1 vote across all chains (aggregated holdings)

  • 🎯 Nomination Period: 30-day public nomination period

  • πŸ—³οΈ Voting Period: 14-day voting period with transparent on-chain voting

  • πŸ“Š Results: Publicly verifiable through blockchain consensus

πŸ”„ Rotation Table Schedule

Year
Rotating Positions
Continuing Positions
New Members

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

βš–οΈ Decision-Making Framework

🎯 Voting Requirements

  • πŸ“Š Simple Majority: 4/7 votes for routine funding decisions

  • πŸ”’ Super Majority: 5/7 votes for policy changes or large grants (>$10K)

  • πŸ›οΈ Unanimous: 7/7 votes for fundamental changes to governance structure

πŸ“‹ Council Responsibilities

  • πŸ’° Grant Approval: Review and approve ecosystem funding requests

  • πŸ“Š Resource Allocation: Manage Foundation treasury across all chains

  • πŸ“š Policy Setting: Establish funding criteria and ecosystem priorities

  • πŸ” Transparency: Publish quarterly reports on Foundation activities

  • 🀝 Community Engagement: Regular community AMAs and feedback sessions

πŸ›‘οΈ Accountability Measures

πŸ” Transparency Requirements

  • πŸ“Š Monthly Reports: Public disclosure of all funding decisions

  • πŸͺ™ Treasury Transparency: Real-time visibility of Foundation holdings across all chains

  • πŸ—³οΈ Voting Records: All council votes publicly recorded and accessible

  • πŸ“… Meeting Minutes: Public minutes of all council meetings

βš–οΈ Recall Mechanisms

  • 🚨 Community Recall: 25% of total voting power can trigger recall vote

  • πŸ—³οΈ Recall Vote: Simple majority of community vote removes council member

  • πŸ”„ Replacement Process: Special election within 30 days for vacant positions

🎯 Implementation Timeline

  1. πŸ“‹ Legal Formation: Complete DUNA establishment in Wyoming

  2. πŸ“š Documentation: Publish complete governance documentation

  3. πŸ—³οΈ Bootstrap Council: Initial council appointed by community consensus

  4. βš–οΈ First Election: Full democratic election within 6 months of launch

  5. πŸ”„ Regular Operations: Annual rotation cycles begin


🎯 What's Next?

Learn more about the HSuite ecosystem:


← Back to Main Index | Next: Team & Partnerships β†’

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