Summary

Motion to discuss NNS Proposal #143605. See full details in the motion text.

Payload

Motion Proposal:

Motion Text:

šŸ”— Copied from NNS Proposal

This is a motion proposal that links to NNS Proposal #143605. Please vote ADOPT on this SNS motion as a formality to confirm it, then cast your actual vote on our web app.

Original NNS Proposal Details:

Original Summary:

Doxa USD SNS

Proposal to create the DoxaUSD SNS (No VCs Involved).

Token Overview

  • Total Token Supply (Genesis): 10,000,000 DOXA
  • Post-Genesis Supply: 10,000,000 DOXA
  • Inflation: None
  • Decimals: 8
  • Ledger Transaction Fee: 0.1 DOXA
  • Proposal Rejection Fee: 2,000 DOXA

Decentralization Sale Parameters

  • Minimum Participants: 10
  • Minimum Direct Participation: 100 ICP
  • Maximum Direct Participation: 1,000,000 ICP
  • Minimum per Participant: 25 ICP
  • Maximum per Participant: 20,000 ICP
  • Dissolve Delay Duration: 24 months
  • Dissolve Delay Bonus: 100%
  • Neuron Age Duration: 12 months
  • Neuron Age Bonus: 25%
  • Initial Reward Rate: 0% (non-inflationary)
  • Final Reward Rate: 0%
  • Reward Rate: Fixed at 0% permanently — no token emissions for governance rewards
  • Participant Vesting Schedule: 6 tranches over 20 months
  • Neurons Fund participation: No

Token Allocation at SNS Genesis

  • Decentralization Sale: 3% — 300,000 DOXA
  • Team: 1.2% — 120,000 DOXA (4-year vesting, 12-month cliff)
  • Early Contributors: 0.6% — 60,000 DOXA (3 tranches over 12 months)
  • Foundation: 1.2% — 120,000 DOXA (6-month cliff, linear over 2 years)
  • Treasury (DAO-controlled): 94% — 9,400,000 DOXA

Treasury Deployment Framework (DAO-governed)

  • Protocol-Owned Liquidity: 20%
  • Ecosystem Grants: 5%
  • Regional Growth: 15%
  • Staking Yield Reserve: 10%
  • Future Talent: 8%
  • Security & Audits: 5%
  • Strategic Partnerships: 15%
  • Strategic Long-term Reserve (3-year lock): 12%
  • Discretionary Governance Reserve: 10% (deployed by DAO vote, no pre-defined mandate)

ICP Raised — Protocol Commitments

  • 70% of ICP raised locked in 8-year NNS neuron (DAO-controlled); staking rewards → DUSD staker yields
  • 29% of ICP raised retained for DAO operations (treasury management, grants, expenses)
  • 1% of ICP raised will be used to help the most vulnerable and needy
  • All yield rewards distributed exclusively in $DOXA
  • DAO profits periodically exchanged into $DOXA to support long-term value accrual

Learn more


How to Vote:

  1. Vote ADOPT on this SNS motion (to avoid rejection costs and confirm the proposal)
  2. Cast your real vote at: https://tacodao.com/nnsprop/143605

Your voting power on the web app is calculated using your staked TACO DAO neurons. The collective outcome of these "local votes" will determine how our DAO's NNS neuron votes on the original NNS proposal.

This system allows you to vote REJECT on NNS proposals without rejecting the TACO SNS motion (which would cost the DAO staked TACO tokens in rejection fees).

Overview