01FP-05

The Association Governance Charter

Introduction:

The Association acknowledges the revolutionary potential of the blockchain and its applications, particularly Bitcoin. Recognizing the immutable and decentralized nature of this technology, The Association seeks to integrate it into its governance structure, embracing transparency, fairness, and innovation.

1. Blockchain Time-Stamping:

All official decisions, minutes of meetings, and key documentation will be timestamped on the Bitcoin blockchain. This guarantees the authenticity, immutability, and transparency of The Association's records.
2. Member Onboarding: Genesis Commitment:

New members joining The Association will be given the opportunity to start fresh, initiating their journey as a unique "Genesis Block" within the community.
It is assumed members enter in good faith. If necessary, a requested timestamp ordinal can be provided upon entry from the OA address.
3. Deity Transition Policy:

Thayne will act as the initial guiding force for The Association, setting up the foundational governance and policy structures.
Once all 10 other seats of the Core Council are filled, Thayne will relinquish his privileged deciding vote, ensuring equality among council members.
4. Core Council Structure:

The Core Council consists of 11 members, including Thayne.
The Core Council will make decisions by a majority vote. If there's a tie, Thayne holds the deciding vote until all 10 seats are filled.
5. Token-Based Membership:

Core Council members will be issued specific governance tokens upon joining.
Tokens are transferable. Holders with a designated NFT have full voting rights. Without the NFT, voting power is halved.
At the end of a council member's term, tokens are returned or kept with adjusted voting rights based on NFT possession.
6. Term and Smart Contract Commitment:

Council members enter a smart contract for a term represented as 262,800 blocks on the Bitcoin blockchain (~5 years).
Post term, members can renew or step down. Stepping down leads to their tokens being burned, symbolizing term end.
7. Transparency and Verification:

Token and NFT transactions related to governance will be on a public blockchain, ensuring transparency and verifiability.