As we prepare to embark on the journey to progressive decentralization, the community will need an independent organizational structure that can support the vibrance and diversity of our ecosystem. Biconomy will strive to achieve a healthy balance considering all stakeholder’s short-term and long-term goals.

Principles for decentralization

1. Optimize for positive value creation - Biconomy DAO should maximize value creation for all stakeholders, including node operators, partners, token holders, the community, and the core team.
2. Alignment between long and short goals- DAO should prioritize the long-term robustness of Biconomy over short-term economic gains to any stakeholder group. We want to make ourselves more resilient over time.
3. Open and Verifiable - The entire DAO process, treasury decisions, and applications should be permissionless, verifiable, and transparent.

Current DAO Structure

The Biconomy General Council (BGC) will supervise the DAO. We have formed a seven-member council. The council members will act as GnosisSafe signers for the DAO and the decision-makers for rapid grants.

The BGC will comprise core team members and outside folks who have related domain expertise within the web3 ecosystem and have hands-on experience in crypto.

Dividing the decision-making between the community and council will allow the DAO to move fast while being flexible in expanding participation at any future time. Starting epoch 1, the community will elect these council members.

Role of the Biconomy General Council (BGC)

The goal of the general council is to help steward the biconomy ecosystem and ensure the long-term growth and sustainability of the network. Other roles include -

1. Oversee DAO and Foundation operations
2. Ensure fair distribution of grants and bounties
3. Execute and collect feedback to improve governance systems and processes
4. Help encourage community participation and developer evangelism