From Founder Control to Full DAO Governance

1. Initial Structure (October 2nd 2024 – Month 6)

1.1 Founder Control

• David Clancy serves as sole member of the ROCKRCOIN Electoral College

• Maintains full decision-making authority and veto power

• Responsible for all strategic and operational decisions

• Authority to appoint Deputy Founders

1.2 Early Deputy Appointments

• Founder to appoint 3-5 Deputy Founders within first 6 months to 4th April 2025

• Deputies only assume founder authority if founder is incapacitated

• Deputy authority is temporary until full decentralization is achieved

• Deputies must meet following criteria:

  • Demonstrated expertise in blockchain, finance, live experiences or consortium development

  • Strong understanding of ROCKRCOIN vision and principles

  • No conflicts of interest

  • Commitment to eventual full decentralization

2. Development-Aligned Stage-Gate Process

2.1 Stage 1: Foundation Phase (Months 0-6)

Development Milestones:

• Core team assembled (Blockchain Architect, Full-Stack Developer, Project Manager,)

• Initial technical specifications finalized

• Core blockchain architecture development begun

• Key ROCKR apps development initiated

Governance Evolution:

• Founder begins inviting key strategic partners to Electoral College

• Initial invitations focused on:

  • The Developer College (blockchain and full-stack developers)

  • The Venue College (strategic venue partners)

  • The Performer College (early adopter content creators)

  • The Local/National/Regional Government Colleges (forward-thinking authorities)

• Invited members serve in advisory capacity

• Weekly development review meetings established

2.2 Stage 2: Early Advisory Board (Months 6-12)

Development Milestones:

• Cryptocurrency Economist hired

• Governance Specialist/Compliance Officer onboarded

• Legal Counsel established

Governance Evolution:

• Formation of formal Advisory Board from Electoral College members

• Monthly governance meetings established

• Formation of specialized committees:

  • Technical Development Committee

  • Legal & Compliance Committee

  • Business Development Committee

2.3 Stage 3: MVP Launch Phase (Months 12-18)

Development Milestones:

• ROCKRCOIN testnet launched

• Beta versions of core ROCKR apps released

• First pilot ROCKRs conducted

Governance Evolution:

• Electoral College begins limited proposal rights

• Minimum of 3 members in each active college category

• Formation of additional committees:

  • User Experience Committee

  • Security & Risk Management Committee

  • Community Engagement Committee

3. Transition to Active Operations

3.1 Stage 4: Early Operations (Post-MVP)

Triggers:

• Successful MVP launch

• First 100 successful ROCKRs completed

• Operations in minimum 3 countries

• All initial ROCKR apps functional

Governance Evolution:

• Electoral College gains expanded proposal rights

• Founder veto reduced for non-critical decisions

• Bi-weekly governance meetings

• Public governance dashboard launched

3.2 Stage 5: Shared Governance

Triggers:

• 1000+ successful ROCKRs completed

• Operations in minimum 5 countries

• ROCKRCOIN/XDR ratio stabilizing (within 400% of target i.e. 5 RKS = 1 XDR)

• Minimum membership thresholds met in 5+ college categories

Actions:

• Electoral College gains significant proposal rights

• Founder veto reduced to specific critical decisions

• Monthly governance meetings

• Enhanced committee structure

3.3 Stage 6: Limited Founder Oversight

Triggers:

• 10,000+ successful ROCKRs completed

• Operations in minimum 10 countries

• ROCKRCOIN/XDR ratio within 100% of target

• Minimum membership thresholds met in 8+ college categories

Actions:

• Electoral College assumes primary governance

• Founder veto limited to fundamental changes only

• Weekly governance meetings

• Comprehensive voting procedures implemented

4. Critical Mass and Full Decentralization

4.1 Critical Mass Definition

System must achieve ALL of the following:

• 50,000+ successful ROCKRs completed

• Active operations in 20+ countries

• ROCKRCOIN/XDR ratio consistently within 5% of target

• All Electoral College categories meet minimum membership thresholds

• Stable technical infrastructure with no major incidents for 6 months

• Demonstrated resilience to market volatility and external shocks

4.2 Full Decentralization Process

Once critical mass is achieved:

1. 90-day notice period announced

2. Final governance audit conducted

3. Transition plan published for community review

4. Founder and Deputy rights formally transferred to DAO

5. Implementation of full Electoral College governance

5. Electoral College Qualification Matrix

5.1 Development Phase Qualifications

Initial invitees must meet one or more criteria:

Developer College:

• Core contributors to ROCKRCOIN development

• Recognized expertise in blockchain or full-stack development

• Strategic technology partners

Venue College:

• Major venue operators or networks

• Educational institutions

• Strategic location partners

• Early adoption commitment

Performer College:

• Established content creators

• Educational institutions

• Cultural organizations

Local/National/Regional Government Colleges:

• Forward-thinking municipal, regional, or national authorities

• Smart city initiatives

• Cultural development agencies

• Education reform champions and Certification bodies

• Strategic economic development bodies

5.2 Invitation Process

1. Founder identifies potential candidates

2. Ambassadors identifies potential candidates

3. Assessment against college-specific criteria

4. Due diligence review

5. Formal invitation issued

6. Onboarding and orientation

7. Integration into relevant committees

6. Safeguards and Emergency Procedures

6.1 Founder Incapacitation Protocol

If founder becomes incapacitated before critical mass:

1. Medical verification required

2. Deputies assume temporary collective authority

3. Minimum 2/3 Deputy consensus required for decisions

4. Monthly status reviews of founder capacity

5. Authority returns to founder upon recovery

6.2 System Protection Measures

• Multi-signature requirements for critical changes

• Time-locks on major governance updates

• Emergency response procedures for critical incidents

• Regular security audits and stress tests

• Transparent communication protocols

7. Governance Evolution

7.1 Regular Reviews

• Annual review of governance structure

• Quarterly progress reports toward decentralization

• Monthly membership qualification assessments

• Weekly operational metrics tracking

7.2 Amendment Process

• Governance framework can be updated through:

  • Founder decree (pre-critical mass)

  • Electoral College proposal with founder approval (transition phase)

  • Full Electoral College vote (post-decentralization)

8. Success Criteria

The transition to full decentralization will be considered successful when:

1. All critical mass metrics are achieved

2. Electoral College is fully populated and functional

3. Governance systems are tested and proven

4. Community engagement is robust and active

5. System demonstrates stability and resilience

This document serves as the initial framework for ROCKRCOIN’s path to decentralization and will be updated quarterly to reflect development progress and governance evolution, with all updates approved through the current governance structure.

All changes in governance structure will be announced:

• Internally to Electoral College members with 30 days notice

• Publicly to the community with 14 days notice

• Immediately in case of emergency protocols

This framework ensures that governance evolution aligns with technical development and community growth, creating a stable foundation for eventual full decentralization.