MiraDAO Constitution

The MIRA DAO is the community-led heart of MIRA’s operations, enabling transparent and democratic allocation of resources.

• DAO Treasury

  • Accumulates from transaction fees, direct donations, and other revenue streams.

  • Funds are allocated based on on-chain votes by DAO participants.

• Governance

  1. DAO Governance: The $MIRA token acts as a governance token for the DAO treasury, which is constitutionally directed at philanthropic causes inline with the mission and vision of $MIRA.

  2. Proposal Creation: Any 0.1% $MIRA holder or above can initiate proposals, or smaller holders can pool resources to propose jointly.

     • Token holders can propose philanthropic events, awareness campaigns, or collaborations with nonprofits.

  3. Voting Mechanism: Weighted by staked $MIRA, ensuring that active and committed community members have a stronger voice.

• Team and Multisignature Holders

  • A group of trusted signers manages administrative tasks, ensuring operational efficiency and integrity.

  • Today, the signers are Siqi Chen and his wife Yi Ding. We remain in discussions with trusted and influential members of the community to add to this list.

Article I: Name & Purpose

1. Name: The organization shall be known as the Mira DAO (“the DAO”).

2. Primary Purpose: The DAO exists to collect, manage, and disburse treasury funds exclusively to support nonprofit initiatives, with pediatric rare disease causes as the initial and primary beneficiaries.

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Article II: Mission & Scope

1. Mission:

   • The DAO’s overarching mission is to promote social good by funding organizations and programs that work toward alleviating human suffering, advancing medical research, or improving healthcare outcomes—particularly in the field of pediatric rare diseases.

2. Scope of Activities:

   • Grants & Donations: Allocating resources to registered nonprofits, research institutions, individual patient families and advocacy groups in compliance with all applicable laws.

   • Awareness & Education: Sponsoring or partnering in educational campaigns, community events, or digital awareness efforts related to these causes.

   • Infrastructure & Tools: Funding open-source tools, platforms, or resources that further the DAO’s philanthropic aims.

3. Restriction on Activities:

   • The DAO shall not engage in any commercial or for-profit activities that deviate from its nonprofit mission.

   • Treasury funds may never be diverted to personal gain or private inurement of members, signatories, or affiliates of the DAO.

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Article III: Treasury & Fund Management

1. Treasury Composition:

   • The DAO treasury is composed of cryptocurrency, stablecoins, memetokens, or any other digital assets contributed to or accrued by the DAO.

   • All treasury assets are held in smart contracts or multi-signature wallets governed by the DAO’s on-chain voting mechanisms.

2. Funding Sources:

   • Voluntary Contributions: Donations from community members, organizations, or philanthropic partners.

   • DAO-Approved Allocations: Any portion of token distributions or ecosystem fees (if applicable) authorized via on-chain governance.

   • Yield or Rewards: Any staking or passive yields earned on the treasury’s holdings, which must also be directed toward nonprofit ends.

3. Disbursement of Funds:

   • Eligible Recipients: Registered charities, research labs, hospitals, individual patient familes or verified nonprofits with a focus on pediatric rare diseases or similarly aligned causes.

   • Proposal Process: Funding proposals must outline the purpose, budget, and expected impact. They require community approval via the DAO’s defined voting process.

   • Vesting & Amount: The DAO may determine vesting schedule and amount and set maximum thresholds per funding round via governance.

4. Use of Unspent Funds:

   • Any treasury funds not allocated to grants or donations in a given cycle remain in the DAO treasury, subject to future on-chain governance decisions.

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Article IV: Governance Structure

1. Membership:

   • All holders or stakers of the DAO’s governance token (or recognized participants in the governance system) are considered members, with the right to create, discuss, and vote on proposals.

2. Proposal Creation:

   • Any member may submit a funding proposal, providing clarity on the nonprofit’s identity, financial needs, intended use of funds, and alignment with the DAO’s mission.

   • Proposals must remain open for community review and discussion for a minimum period (e.g., 5-7 days) before voting.

3. Voting Process:

   • The DAO uses on-chain or recognized off-chain (snapshot-like) voting. Votes are typically weighted by a member’s governance token holdings or staked tokens.

   • A quorum requirement ensures a minimum level of participation. A simple or supermajority (depending on the constitution’s chosen thresholds) is required for a proposal to pass.

4. Executive Council / Multisig (optional):

   • The DAO may elect or appoint a small group of trusted signatories to execute the community’s decisions (multisig signers).

   • These individuals have no unilateral authority; they merely carry out the will of the DAO, as determined by the on-chain vote.

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Article V: Accountability & Transparency

1. Transparency Protocol:

   • On-Chain Tracking: All treasury addresses and transactions shall be publicly viewable on the blockchain.

   • Regular Reporting: The DAO (or its appointed signatories) shall issue periodic reports (monthly/quarterly) detailing all fund disbursements, recipient outcomes, and any relevant impact data.

2. Monitoring & Compliance:

   • The DAO shall maintain basic oversight procedures to ensure funds reach their intended nonprofit recipients. This may include verifying the recipient’s charitable status or requesting impact reports.

   • In the event of misuse or fraud, the DAO reserves the right to suspend, halt, or recall future funding, subject to a DAO-wide vote.

3. Conflict of Interest Policy:

   • Any member or signatory with a financial or personal interest in a proposal’s outcome must disclose this interest and may be required to abstain from voting on that proposal.

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Article VI: Amendments & Evolution

1. Amendment Process:

   • Proposed amendments to this Constitution must be submitted as a DAO governance proposal, with clear rationale and explicit wording for changes.

   • Amendments typically require a supermajority (e.g., 66% or more) and a higher quorum than standard proposals to ensure broad consensus.

2. Periodic Review:

   • The DAO shall conduct a formal review of its Constitution (e.g., annually) to assess whether governance, funding processes, or compliance measures need updating.

3. Emergent Needs:

   • If urgent situations (global crises, disaster relief) arise, the DAO can opt to temporarily expand funding to these causes via an on-chain vote, provided it remains in line with nonprofit objectives.

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Article VII: Dissolution

1. Voluntary Dissolution:

   • A supermajority vote may dissolve the DAO. In such an event, any remaining treasury funds shall be distributed to verified nonprofits aligned with the DAO’s mission, as determined by a final community vote.

2. Transfer of Rights & Responsibilities:

   • If the DAO merges with or is absorbed by another philanthropic initiative, the DAO must pass a merger proposal clarifying how funds and governance are transferred.

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Article VIII: Affirmation & Legal Disclaimer

1. Affirmation:

   • By participating in the DAO’s governance or funding proposals, members recognize and uphold these Constitutional principles, committing to transparency, accountability, and a philanthropic ethos.

2. Legal Disclaimer:

   • This Constitution does not supersede local or international laws. The DAO and its members remain subject to applicable regulations regarding charitable donations, tax liabilities, and other financial compliance requirements.

   • Participation in the DAO does not guarantee tax deductibility or legal status as a registered charity for individual contributors. Each member or recipient organization must independently verify compliance with relevant laws.

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Ratification

This Constitution is considered adopted upon approval by the DAO’s governance process, taking effect immediately thereafter. All future governance decisions, treasury allocations, and community activities are bound by its articles until amended according to the procedures outlined above.

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By embracing this Constitution, the DAO commits to ensuring that all resources serve the common good—beginning with pediatric rare disease causes, and expanding over time to other bona fide nonprofit initiatives that further the DAO’s mission of compassion and meaningful social impact.