The BPC DAO is responsible for oversight of all aspects of the ndau monetary system.The original 23 topic areas identified by the ndau Collective are organized into seven domains: Governance and Ethics; Security, Privacy, and Trust; Monetary System; Endowment; ndau Currency; ndau Exchange; and Software Development.
As a result of the referendum vote on March 31, 2022, the BPC DAO is a Decentralized Autonomous Organization. DAOs are internet-native organizations collectively owned and managed by their members, and decisions are made via proposals the group vote on during specific periods of time.
As a DAO, the BPC DAO is an entity led by the community of all ndau holders. All BPC DAO decisions are made from the bottom-up, using an automated and weighted voting system based on the principles outlined in the ndau whitepaper, and thereby governed by a distributed community organized around a specific set of rules enforced on a decentralized and open source blockchain.
Since April 1, 2022, Oneiro, as directed by the Axiom Foundation, has been working on an automated voting system for the BPC DAO. This involves a major update to the ndau wallet app to integrate WalletConnect (an Open Source web3 communications protocol) and building a new voting portal that all ndau holders will be able to securely connect to using their ndau wallet app. All ndau holders will then be able to both submit new proposals and vote on existing proposals using a weighted voting system based on how much ndau they hold and their currency seat status as described in the ndau whitepaper. A BPC DAO Discord is currently available for all ndau holders and the general public, and the goal for completion of the BPC DAO’s automated voting system is September 2022.
The Axiom Foundation has contracted with Oneiro to facilitate and manage the functions and systems required for ndau and the BPC DAO. All new proposals can and should be debated rigorously in the BPC DAO Discord, however all new proposals submitted through the BPC DAO’s automated voting system are subject to review by the Axiom Foundation based on their legality, technical feasibility and adherence to ndau’s fundamental framework as outlined in the ndau whitepaper for the benefit of all ndau holders.