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ThreeFold Cooperative

ThreeFold Dubai would like to hand over the day to day operation of the TFGrid to a cooperative.

  • Cooperatives are trustworthy decentralized structures which allow millions of people to be part of a common goal
  • Cooperative members vote for their directors
  • Until this is done we will continue to operate from ThreeFold DMCC

Cooperative Founder

TF Dubai is looking for 9 ThreeFold Cooperative Founders to setup the COOP Structure.

Cooperative Director

The cooperative directors are chosen by the members by vote. When the coop is first created the 9 founders will act as de facto directors until the first vote.

The directors are like the board of a cooperative and help to structure how the cooperative members will vote and be part of the governance.

The cooperative will have a team which will carry out the day to day operations for the TFGrid.

The cooperative is funded by the utilization of the grid (40% at start).

Cooperative Directors and the team are remunerated for their contributions.

Starting The Cooperative

  • ThreeFold Dubai grants 2 million TFT to TF COOP (TF DMCC and others can grant more)
  • TFCoop founders will look for initial funding (sell the TFT, look for extra)
  • TFCoop founders will setup the cooperative in chosen jurisdiction (might be NL)
  • TFCoop founders will work with TF9 for the technical implementation of membership (as NFT etc.)

The DAO on the TFGrid will stay intact as is working today.

TFCoop Functions

  • Promotion and communication
  • Operate the TFGrid Marketplace (a regulated marketplace where selling and buying capacity on the TFGrid occurs)
  • Operate the Tokens (exchanges etc.)
  • Operate the tools (forum, websites, manuals etc.)
  • Collaborate with the Guardians for the operations of the TFChain and supporting tools
  • Define and operate the benefits for the members
  • Distribute the TFT fees for utilization.

Status

At the start of our commercial operation (2024) we operate our cooperative functions though our company in dubai called ThreeFold DMCC, somewhere in 2024 the cooperative will be established and all functions in relation to the TFGrid will be transfered.