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Specification for Athens TOKEN

ERC20

  • total supply 10 million or less.

  • 50% minted at launch and stored in treasury.

  • out of those 5 million that are minted, 2.5 million are then distributed to community members (decide a distribution mechanism - write an whitelist airdrop function )

  • 2.5 million are then given to investors depending on negotiations to investors. -We thus need to specify a mechanism to do so- Would this still be the whitelist?

goals

  • incentivise and reward people
  • govern and control the DAOs
  • Avoid Plutocracy - explain the mechanism here diminishing rate of return - in principle we should use lazy consensus and quadratic voting, in the sense that the more tokens you have, then your voting power decreases- no single entity should have more than 20% of all available #ATH (decide a curve or the diminishing rate of return)

Governance in AthensDAO

  • What are the governance proposals that the ATH can drive?

    • vote for removing committee members in a general assembly
    • staked in proposals for investments: a non-member can buy ATH to stake them so that then they can propose investment opportunities to the committee
    • Explore the potential to lock ATH and provide yield / liquidity. - yield farming mechanism.

  • Governance templates for fungible tokens? Aragon or Colony?

    • examine integration with Aragon and/or Colony

Possible Relationships

-Questions on possible relationship with STAKE

  • Stake #STK to get a percentage of #ATH
  • Staking mechanism should be on the #STK side - the returns in #ATH are given to the fund
  • Stakeholders List and Persona workshop
  • Stablecoin relationship - onboard #PASOK holders- diagram the process- stablecoin onboarding is a service that is valuable on its own.
  • Stable coin mechanisms in general - FIAT backed stablecoin such as USDC, USDT

Tokenomics

Link to diagram for how the cryptoeconomics work.

Functions

ERC20

  • Minting
  • Burning
  • Locking

ERC20 Mechanisms

  • Staking [use this instead of burning the tokens]

ERC2222

DAO

  • Proposal making
  • Voting

security mechanisms

  • review and add: patterns

Strategies for maintenance

https://docs.openzeppelin.com/contracts/4.x/api/proxy#TransparentUpgradeableProxy https://docs.openzeppelin.com/contracts/4.x/api/token/erc20#ERC20Votes https://docs.openzeppelin.com/contracts/4.x/api/token/erc20#ERC20Permit https://docs.openzeppelin.com/contracts/4.x/api/proxy#UUPSUpgradeable https://docs.openzeppelin.com/contracts/4.x/api/token/erc20#ERC20Burnable

https://docs.openzeppelin.com/contracts/4.x/extending-contracts

DAO Services Breakdown

  • Token Services

    • Token Design
      • ERC20
      • ERC2222
    • Token Distribution
      • Pre-Mint
      • Mint as needed
    • Market Making
      • Provide liquidity (for yield rewards)

  • Governance

    • Proposal Discussion
    • Voter Delegation
    • Voting
    • Proposal Execution

  • Treasury Management

    • Asset Allocation
    • Payments
    • Financial Reporting

  • Risk Management

    • Simulations
    • Asset Analysis

  • Growth

    • Education
    • Events
    • Research
    • User Onboarding

  • Community

    • Event Sponsorship
    • Hackathons
    • Membership
    • Meme Contests
    • Communication/ Translations

  • Operations

    • Fullstack Platforms
    • Project Management
    • Legal

  • Development

    • Security Audits
    • Grants
    • Bounties