Skip to main content

7. CLASSES OF PERSONS PARTICIPATING IN THE DAO

  • A DAO may have multiple classes of participation rights defined in, and granted in accordance with, its By-Laws.

  • Where the DAO has Tokens providing governance powers to the Token holder, the Token holder will be considered a Member of the DAO:

    • From the time the ownership of the Tokens is established to be in the possession of an address, or

    • From the time when ownership is first acknowledged by the Token holder through an On-Chain interaction with the DAO, through staking the Tokens, voting with the Tokens Off-chain whereby results are implemented On-Chain, submitting a Proposal or transferring the Tokens to another address, in the event that no action has been taken by a Token holder to acquire a Token, such as in an Airdrop.

  • This Article does not apply in the event of a Contentious Fork.

  • This Article does not apply to Airdrops.