Decentralized Financial Mechanism of the Earthlings People
The Earthlings Fund is a decentralized financial mechanism of the Earthlings people, managed through smart contracts and transparent collective decision-making mechanisms. The Fund serves as the financial foundation for project implementation, platform development, educational initiatives, and humanitarian aid.
Key Characteristics:
The Earthlings Fund was created for:
Financial flow transparency is ensured by blockchain. Anyone can verify fund movements in real time.
All fund allocation decisions are made by DAO Assembly vote according to the "one person - one vote" principle.
Smart contracts execute decisions automatically. There is no room for manipulation or subjective control.
Each project must provide public reports on the expenditure of funds allocated from the Fund upon milestone completion.
The primary source of the Fund is a one-time membership fee equivalent to $79, paid by every participant upon joining the Earthlings people. This is a one-time payment: after receiving the SBT passport there are no annual or monthly payments. The fee is distributed across the same categories as the annual budget (see Article 9). The membership fee should be distinguished from the voluntary contributions and donations described below.
Any Earthling may make a voluntary contribution to the Fund at any time. Contributions may be made in:
The Fund may accept grants and donations from external organizations subject to the following conditions:
Part of the Fund's assets is formed through controlled emission of Earthlings Coin (EC) according to tokenomics approved by the DAO Assembly.
Emission Principles:
This mechanism ensures sustainable development of the entire ecosystem and creates a direct link between the success of individual cells and the wellbeing of the entire Earthlings people.
Contribution Principles:
Use of funds:
The DAO Assembly may approve additional funding sources while maintaining principles of transparency and independence:
The Fund's annual budget is distributed across five main areas. Proportions can only be changed by qualified majority (67%) of DAO Assembly.
Development and maintenance of the technical infrastructure: servers, engineering, smart-contract audits, security, user-experience improvements.
Marketing and information campaigns, content production and media work, social-media presence, community growth, local events, and partnerships.
Funding for community-driven Earthlings projects approved through DAO voting. Distribution between projects uses quadratic voting to prevent the dominance of large groups.
Research, educational programmes, documentation, training materials, community development, academic publications.
A financial buffer for crisis situations, covering technical failures, protection from volatility, and legal defence of the Earthlings people.
When distributing funds of the "Community projects" category among competing initiatives, quadratic voting is applied to prevent domination by large groups and ensure fairness.
Applied for:
The Reserve Fund is used for:
Target Reserve Fund size - equivalent to annual Fund budget. After reaching this threshold, additional receipts are distributed according to main categories.
Fundamental principle: One person = one vote. Vote weight does NOT depend on the amount of invested funds, reputation, or participation time.
The Earthlings system has a reputation system that does NOT affect vote weight, but affects proposal visibility and delegation recommendations.
Reputation Factors (on-chain):
Reputation Application:
Earthlings may voluntarily delegate their vote to another Earthling with recognized expertise in a specific area (finance, ecology, law, technology, education).
Delegation does NOT apply in voting on:
The DAO Assembly uses different types of voting depending on the importance and nature of the decision:
| Decision Type | Threshold | Quorum | Duration |
|---|---|---|---|
| Project financing up to 10,000 EC | 51% | 15% | 7 days |
| Project financing 10,000-100,000 EC | 51% | 20% | 14 days |
| Major decisions over 100,000 EC | 67% | 25% | 21 days |
| Changing basic Fund rules | 67% | 25% | 21 days |
| Changing Earthlings Charter | 67% | 25% | 21 days |
| Emergency technical decisions | 51% | 15% | 48 hours |
Transparency in resource distribution is the foundation of trust in the Fund. Any situation creating the appearance or reality of bias undermines this trust.
Disclosure of connections: When submitting a funding application, the project initiator must indicate all Earthlings associated with the project. This information is published together with the application.
Voting Transparency: All votes on Fund distribution are open. Every Earthling can see how other participants voted. This creates a social control mechanism.
Stage 1: Proposal Submission
Stage 2: Community Discussion (7-14 days)
Stage 3: Voting
Stage 4: Implementation
All projects with budgets over 25,000 EC are financed in stages:
Moving to the next milestone requires:
DAO Assembly Powers:
All Earthlings Fund operations are automated through smart contracts:
All smart contracts:
Core Nodes - a group of up to 6 technical specialists elected by the DAO Assembly to ensure platform and infrastructure operation.
Technical Functions:
Prohibited Core Nodes:
Formation and Control:
Emergency Multisig - a multi-signature wallet of 6 trusted Earthlings for urgent technical operations in critical situations.
Powers (strictly limited):
Control and Transparency Mechanisms:
Formation:
To implement the technical part of the Earthlings ecosystem, the Fund establishes a legal entity that acts as the technical development contractor and enters into agreements with third-party contractors and specialists.
Functions of Technical Development Contractor:
Financing:
Mandatory reporting:
To minimize volatility risks, the Earthlings Fund diversifies assets:
Changing diversification proportions requires qualified majority (67%) DAO Assembly approval.
The Fund is subject to the following financial risks:
Technical risks include:
The Fund may cooperate with external organizations (NGOs, foundations, companies, DAOs) while observing the principles:
The Fund may participate in joint projects with other DAOs or organizations:
Violation of these prohibitions entails immediate termination of financing and return of funds.
To prevent excessive resource concentration, the following limits are established:
Exceptions are only possible with qualified majority (67%) DAO approval in special circumstances.
In case of economic crisis (asset value drop of more than 50%, loss of liquidity), the DAO may take extraordinary measures:
All emergency measures require qualified majority (67%) DAO approval and are valid for no more than 90 days with possibility of extension.
In case of critical technical problems (exploit, hack, loss of access to funds):
In case of legal pressure (asset freezing, lawsuits, bans):
The Earthlings Fund publishes quarterly reports on its activities, available to all participants and external observers.
The following metrics are published annually:
Annually, Core Nodes publish a comprehensive report on the Fund's status, including:
Success of the Earthlings Fund is assessed by the following criteria:
| Criterion | Target indicator | Measurement |
|---|---|---|
| Voting participation | > 30% Earthlings | Percentage of participants in average vote |
| Project success | > 70% | Percentage of projects that achieved goals |
| Financial sustainability | Reserve fund = annual budget | Reserve size / annual budget |
| Asset diversification | Compliance with plan (40-60% stablecoins) | Percentage distribution of assets |
| Environmental friendliness | Carbon-neutral projects > 80% | Percentage of projects with zero carbon footprint |
| Transparency | 100% of transactions on-chain | Verification through blockchain explorer |
This document can only be amended through DAO Assembly voting.
Procedure:
Document changes are classified by importance:
| Change type | Threshold | Quorum | Discussion |
|---|---|---|---|
| Technical clarifications (correcting typos, clarifying wording without changing meaning) | 51% | 15% | 7 days |
| Procedural changes (changing timelines, voting thresholds, procedures) | 67% | 25% | 21 days |
| Substantial changes (changing budget structure, body powers) | 67% | 25% | 21 days |
| Changing immutable principles (see Article 40) | IMPOSSIBLE | ||