7.1 Global governance structure
Last updated
Last updated
To ensure openness and transparency in the DeFi Mall project, the DFM Ecological Development Alliance will manage through the establishment of the highest decision-making body - the Decision Committee.
The Decision Committee is composed of sub-committees for business, technology, general affairs, and community development. The management structure consists of developers and functional committees. Members of the Decision Committee serve a two-year term, with the initial committee comprising core team members, well-known figures in the blockchain industry, legal experts, and early investors. Subsequent Decision Committees will include members elected by the community.
The functions of the Decision Committee include hiring and dismissing the executive responsible and heads of various departments, making important decisions, and convening emergency meetings. Each term for Decision Committee members is two years. The inaugural members of the DeFi Mall Decision Committee have extensive industry experience in the blockchain or digital currency trading fields. A brief introduction is as follows:
Decision Committee: After the term, community members holding tokens will vote, based on the number and age of DeFi Mall tokens they hold, to elect up to 9 odd-numbered core members of the Decision Committee. Elected core members will represent the DeFi Mall community in making important and urgent decisions and are subject to trust investigations and public disclosure of salaries during their tenure.
Executive Officer: Elected by the Decision Committee, responsible for the day-to-day management of the DeFi Mall community, coordinating the work of sub-committees, and presiding over Decision Committee meetings. The executive officer regularly reports work progress to the Decision Committee.
Business Committee: Responsible for the overall design and planning of the community.
Technical Committee: Composed of core developers, responsible for the development and review of underlying technologies, product development and review. The Technical Committee holds regular project tracking meetings to communicate needs and project progress. Members need to understand community dynamics and hotspots, communicate with business participants and DeFi Mall holders in the community, and organize technical exchanges periodically.
General Affairs Committee: Responsible for the use and review of project fundraising, management of developer salaries, daily operational expenses, and reviews.
Community Development Committee: Aims to serve the community, responsible for promoting the DeFi Mall project, open-source projects, and publicity. The committee handles all community announcements and media partnerships.
Financial Management of DeFi Mall: The DeFi Mall Decision Committee commits to using all raised digital assets for community development and construction.
Audit of DeFi Mall: Given the uniqueness of Defimall, existing companies and institutions are virtually unable to regulate under the current system. To ensure open and transparent governance of the DeFi Mall platform and the use of digital assets, the DeFi Mall Decision Committee will hire professional audit institutions to conduct audits.