DigixDAOWebinarProposalStructure

Version1.0

WhatisDigixDAO?
DigixDAOcrowdsale,raisedon30March2016,isasoftwaredriventoincreasethegrowthof
Digixcoresgoldbackedtokenplatform.TheDigixDAO,DecentralizedAutonomousOrganization,
reliesontheconsensusoftheparticipationstoapprove/rejectproposalsforperipheralswhocan
proveorshowbenefittoboostingtheDGXtransactionalvolume.TheDigixDAOparticipantswill
thenstandtoclaimrewards,onaquarterlybasis,intheformoftransactionfeesofDGX.DGXs
transactionfeesare0.13%pertransaction,cappedupto1grams.ThecurrentDigixDAObalance
standsatapproximately465,000ETH.

Whatarethefundsusedfor?
Thefundswillbeusedsolelytohelpspurandgrowtheperipherals(proposalsthatare
approved)aroundDigixCore.DigixGlobalwillplaynopart,inprofitingoffthefunds,bycharging
anyservicerproviderfeeorsalaryexpensetotheDigixDAO.

Whatareperipherals?
PeripheralsarecompaniesthatarenotpartofDigixGlobal,whomayhavedirectorindirect
benefitstoboostingDGXtransactionalvolumes.ThesecompaniesmayadoptDGXasamodeof
valuetransfer,hedgeintheirbusinessorprofitsthattheywanttoredistributebacktotheir
investorswhowillacceptthisgoldbackedDGXtoken.

Developmentapproach:
Digixmayprovideadvice/checkpointguides,buttheproposersshouldnotaimtorelyonthe
foundersofDigixtoensureitssuccess.TheinvolvementoftheDigixDAOmembersistorelease
fundswhenmilestonesareachieved.

Checklistforprojectproposers
ProposalContent:
Writeup
ScopeofWork
Featuresoftheproject
Howitwilldirectly/indirectlyhelpDGXvolume
Howwillthisreward,ifany,betechnicallyimputedintothesoftware,tobe
redistributedbacktotheDAOholders
Deliverables
Timelineofproject

 Cost/BenefitAnalysis[bull/bear/basescenario]
ReturnonInvestmentfromtheDigixDAOfunding
Breakevenanalysis
ProjectiononRevenue/AdoptionofDGX
Adoptionfigures
Breakdownofinvestments
Fundingcomponentstobedetailed
Investmentpayoutonamilestonebasis
Definitionofmilestonetobemadeclearly
Percentageofcompletionconsensus
Whowillgoverntheperformance?
KPIforsuccess.
Milestoneachievementsdefinition
Risksinvolved
Legal?
Businessoperations.Counterpartyrisk?
Technicalpointsoffailure/compromise?
TeamStructure/pointofcontact
Communicationlines:
Yourownslackchannel(ifany)
SlackChannelondgxpublic.slack.comshouldbeopentojoininanddiscuss.For
example,#dgdprojectname

ChecklistforDigixDAOtokenholders/pledgers

Checklistforpledgerstoconsider
:
Howmuchisbeingrequested?
Whatisthemainaimofthebusiness,andhowwillDGXbeadopted?
Arerewardscodedontheblockchain?
Whataresomeoftherisksinvolvedinthisproject?
WhatrewardsaregiventoDigixDAOtokenholders?
ArerewardscleartoDGDholders?
DoesitincreasetheadoptionofDGXdirectlyorindirectly?
Directly
ThereisadirectimpactontransactionvolumeofDGX
Indirectly
NotdirectimpactontransactionvolumebutbenefitstoDGXarederived
indirectly,ie.Credibility/Reputation/Marketing
Whereisthecurrentdevelopment?
Conceptstage[CappedFunding]

Nothingisbuilt,aPoCiswritten
Betastage[2stagefunding]
Workingbetaandcustomerscantestouttheplatform

 Livestage
Live,workingplatformwithcustomers.
Toprovidecurrentrevenuenumbers
ETAtogolive?
1to3months
3to6months
6to12months
>12months

FrequentlyAskedQuestion:
1. Icurrentlyownaproposalbadge.Idliketoproposeaperipheralthatcanboostthe
volumeofDGXonDigixCore.However,Idonotownthatperipheral.CanIbeabrokerfor
thisdeal?
No,unfortunately,thatwillnotbeallowed.

2. Forproposalsthatdonotrequiremetosetupaperipheralcompanyatall,saypurchase
ofothercryptoslikeBTCorevenDGXasahedge,howcanIsuggestthis?DoIalsoneeda
proposalascomprehensiveassuch?
Yes,youwillneedtohaveacomprehensiveproposalforfulldisclosureoftheinformationwewill
liketheDGDholdertohavebeforetheymaketheirpledgingdecision.

3. Whydoweneedthisproposaltobethiscomprehensive?
Thecomprehensivecoverageoftheproposalservesasabenefittoallpartiesinvolved.Wewant
tobefullytransparentwiththeideation,creationandexecutionofthisproposalandtomakeit
fairforalltoseethattheperipheralisindeedworthwhiletofund.Thiscomprehensivecoverage
canalsoservetofullyinformtheDGDholdersandfounders.

4. HowdoIestimateacounterpartyrisk?
Youmaythinkofthepotentialoffailure,fraudwiththevendorsinvolved,dissolutionofvendors
oreventsofcreditdefaultthatresideswithintheperipheralandtheirbusinesspartners.

5. Whatifmyperipheraldonttakeoff?WillIberequiredtorefundanyresidualfundstothe
DAO?
Wewillexercisethisoptiononacasebycasebasis.

6. Whowillberesponsibleforthelackofsuccessoftheperipherals?
Thecreatorsoftheperipheralsaresolelyresponsibleforthesuccessoftheirproposals.
DigixDAO,DigixGlobalwilltakenocreditorresponsibilityforthefailureorsuccessofthe
proposal.

7. IfETHfallsovertheprojectperiod,howcanIcontinuetobefunded?
AstheDigixDAOisraisedsolelyinETH,wecannotpriceholdanETHUSDorEURpair.Wewill
onlyhavetobasethefundsneededatthetimeofagreement.


8. CanIreceiveUSD,otherfiatcurrenciesorothercryptocurrenciesinsteadofETH?
No,thecrowdsalefundholdsonlyETH.Hence,weareonlyabletoissueETH.Shouldotherforms
ofcurrencybeneeded,youmayconvertthemonyourownbasis.

9. Doallperipheralobjectivehavetobeonchainactivities?
Notnecessarily.Keygoverningfeatureswillhavetobeonchain,suchasrewardfeatures.

10. WhatifIhaveanobjectiveandbusinessfunctiontoboosttheDGXvolumebyapure
brickandmortarbusinessmodel,i.e.buyandsellthegoldbackedDGXtokens?
Thatwillbeupforconsideration.Youshouldthen,providethedetailsforthepurchaseofDGX
tokens,inatechnicalfashion,eitheronaStraightThroughProcessingsaleviaanAPIontothe
DigixWebApp,orasignedorderforthesaletogothroughonstipulatedtimeperiodswhen
volumeofyourbusinessismet.