BSL DAO Charter

Proposal Discussion
1

Hey everyone,

As we continue to grow and evolve as a DAO, I think it’s important to have something that brings together our shared vision, roles, and how we operate—especially since our structure can feel a bit complex. Our DAO is uniquely shaped, and many of the common assumptions from other Web3 projects don’t necessarily apply to us. I’ve noticed that newer members sometimes find it tricky to understand how BankSocial and community governance fit together, so it’s clear we need a more cohesive way to explain things.

As we grow, it can also be challenging for long-time members to shape the DAO’s future effectively. That’s where the Charter comes in. Don’t worry—it’s not a heavy legal overhaul. Instead, it’s a guiding document that keeps us aligned as a community. The Charter will offer a clearer picture of how we make decisions, manage proposals, and scale over time. Think of it as a roadmap for us to continue growing—something that can evolve with us as we expand.

We’ve been doing great operationally, but as we aim for long-term success, we need to ensure we’re building something sustainable. The Charter will help us clarify how we uphold transparency and decentralization, while collaborating with BankSocial and expanding our ecosystem.

This is a step forward—a way for us to stay on the same page, make informed decisions, and work toward our shared goals. I’m excited to hear your thoughts and work on this together. Let’s make sure that as we grow, we stay true to the values that brought us all here.

here is a draft that was reviewed by a few community members BSL DAO Charter_Final_Draft.docx - Google Docs

Please add your feedback in the document … ask for any clarifications you might have in the comments below…

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2

Forgive my ignorance but how does this differ from the operating agreement?

3

Devin

Thank you, If you read the intro and the charter and still have specific questions happy to answer them for you… or I can do a voice over this Friday on a call if you prefer.

In short this is a non binding living document that has the vision, mission , values and guiding principles that the operating agreement does not have, provides guardrails for the maturity and growth of the DAO community, it integrates with the legal documents like the operating agreement.

Regards

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4

So basically the operating agreement is How the DAO operates and the charter is the Why?

5

yes very well put Devin … you are bang on …I would add while the Charter defines the DAO’s ‘Why’ through its vision and mission, it also provides a governance framework, growth guidance, and context for members (existing and new)

6

Having contracts are great. Financial tie in’s would be more then great. I understand that the DAO can’t own a % of banksocial/fivancial (at least right now) because of the complications of SEC and security laws. However, I have a few suggestions on ways to maybe show that the Banksocial/Fivancial and team supports and is working for the token and it is tied to how well the organization does. Essentially this shows they are part of the DAO as well and have skin in the game that goes beyond a contract. The DAO charter probably isn’t the place to document this I think but I think Banksocial/Fivancial could document internal policies with backing it up with showing it.

A few suggestions:

  • Banksocial take a small percentage (maybe like 1-3%) of any profit made and invests in BSL token. Lock for certain period of time in a contract vault (maybe something like 3-5 years). Similar to look at a company holding bitcoin. This shows that the Banksocial believes in the token and is working for the token and is tied to it.
  • Paid employees receive as part of compensation package (either part of like benefit package or as bonus if company is doing well) BSL tokens that have a vesting schedule - essentially ever year they get a higher % that can be unlocked. If they leave they only get the unlocked ones depending on the vesting schedule.
  • Executives and advisors are recommended to hold BSL tokens and to disclosure and lock in a contract during time served. This is shown to the community for transparency.

I would be curious if something like this could be done or if others have other ideas. I would really feel good if I knew there was ways that the token was being held by the organization and majority of team members. I know a few team members like John, Anthony and Nick hold tokens but want to see how the organization and the rest of the team has it. This shows me that the team believes in it. To me it is like if you receive company stock or hold company stock you have skin in the game and want to work to improve the company.

Open to thoughts and other ideas.
@PresidentHODL

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