V DAO Charter

When setting up the DAO initially, the creator should establish a charter for the DAO and utilize DAO tools for decentralized governance.

The DAO charter specifies the total supply of copyright governance NFTs and restricts it through smart contracts. The creator retains ownership of the rights to NFTs until they are sold. As a result, the total supply of NFTs may decrease if the creator destroys unsold NFTs, but it cannot increase. The creator can increase the ownership ratio of each NFT through this mechanism but cannot decrease it. The community and users can also achieve this by repurchasing and destroying NFTs.

Each NFT has equal governance rights, primarily voting rights, to avoid conflicting with regulatory requirements for the securitization of real-world assets. NFTs do not have dividend rights. All income generated from copyrights can be rewarded in the form of staking rewards for staking NFT behavior. NFT holders benefit from staking NFTs rather than copyright income, which helps mitigate potential issues.

The DAO has the authority to grant external authorizations. All cooperative matters related to copyright are initiated by a certain number of NFT holders and approved by a certain percentage of NFT holders, which is equivalent to obtaining external authorizations. Authorization revenue should be used to reward staking NFT behavior. The DAO can also authorize real-world institutions and individuals through this process for copyright cooperation in the real world.

The DAO can decide on the issuance mechanism for copyright governance NFTs, such as using the Bonding Curve model.

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