Supervisory Council
Vote Announcement
Vote Announcement
The SingularityNet Stichting (SNET) General Board, composed of the Governing and Executive Boards, is pleased to announce a three-tiered voting process to form the next Supervisory Council and forward the decentralization process.
In the first voting event the Community will vote on the following:
i) Election of three (3) members to the Second Supervisory Council, the body that represents AGIX token holders in Community Affairs and in oversight of the Foundation, for a term no greater than six months to put in place guidelines for the next phase of decentralization.
In the second voting event the vote options are:
ii) A “YES” or “NO” referendum to approve the “Decentralization Blueprint” provided by the Second Supervisory Council within a SNET Decentralization program called Singularity Community DAO (SCDAO) Task Force.
In the third voting event the vote options are:
iii) Should the Decentralization Blueprint be rejected, a “YES” or “NO” referendum to approve a new decentralization plan will be presented by the Foundation; if accepted, then the Community will vote on whatever the new elements proposed in the Decentralization Blueprint may entail.
In the first voting event the Community will vote on the following:
i) Election of three (3) members to the Second Supervisory Council, the body that represents AGIX token holders in Community Affairs and in oversight of the Foundation, for a term no greater than six months to put in place guidelines for the next phase of decentralization.
In the second voting event the vote options are:
ii) A “YES” or “NO” referendum to approve the “Decentralization Blueprint” provided by the Second Supervisory Council within a SNET Decentralization program called Singularity Community DAO (SCDAO) Task Force.
In the third voting event the vote options are:
iii) Should the Decentralization Blueprint be rejected, a “YES” or “NO” referendum to approve a new decentralization plan will be presented by the Foundation; if accepted, then the Community will vote on whatever the new elements proposed in the Decentralization Blueprint may entail.
Community Governance Roadmap
With the proposed Decentralization Blueprint process and a three-group, 12-member, Singularity Community DAO Task Force, SNET reinforces its ongoing efforts to become fully decentralized and community governed. This initiative will develop processes and create tools to realize an effective and resilient community-governed decentralized AI platform to allow for a free and unfettered AI. It will offer a chance to steer humanity towards inclusive, democratic and beneficial Artificial General Intelligence (AGI), the science by which machines think and learn for themselves.
Goals & Approach
Central to the creation of the Decentralized Blueprint, the SCDAO is set out to be a special purpose research lab, an incubator of effective, real-world decentralization practices, aspiring to become an inspirational example of effective, community-based governance methods; a pathfinder of a successful and sustainable decentralized SNET future to create the decentralized governance envisioned in Whitepaper 2.0.
The ambition of SCDAO is to develop an inclusive, robust, and democratic Foundation that paves the way for a brighter and more equitable future. Such a future is not necessarily a natural or obvious outcome of decentralization. The mechanisms required for a long-lasting robust decentralized operation is not fully mature in the DAO space. As such, the decentralization formation process to explore, test and refine these mechanisms are the task of the SCDAO.
Goals & Approach
Central to the creation of the Decentralized Blueprint, the SCDAO is set out to be a special purpose research lab, an incubator of effective, real-world decentralization practices, aspiring to become an inspirational example of effective, community-based governance methods; a pathfinder of a successful and sustainable decentralized SNET future to create the decentralized governance envisioned in Whitepaper 2.0.
The ambition of SCDAO is to develop an inclusive, robust, and democratic Foundation that paves the way for a brighter and more equitable future. Such a future is not necessarily a natural or obvious outcome of decentralization. The mechanisms required for a long-lasting robust decentralized operation is not fully mature in the DAO space. As such, the decentralization formation process to explore, test and refine these mechanisms are the task of the SCDAO.
Creation of the SCDAO
Fundamental Governance Principles
All aspects are open to exploration and evolution, but SNET sees the following principles as fundamental to decentralized governance:
- The creation of a free and unfettered AGI platform that allows for the Singularity to proceed in a beneficial manner for all;
- Accessibility of the platform to everyone, everywhere, as well as openness and inclusiveness of the community
- Transparency, fairness and reliability are the bedrock of processes and tools;
- Ability to explain process, rules, calculations and outcomes of governance events;
- Align processes with technological and ethical progress rather than optimize for commercial gains or advancement of individuals or small groups;
- Resist irreversible decisions to allow for flexibility and adaptability, with all rules changeable with a proper majority;
- Take into account the range of scenarios that may arise, from regulatory issues to tokenomics to community changes.
All aspects are open to exploration and evolution, but SNET sees the following principles as fundamental to decentralized governance:
- The creation of a free and unfettered AGI platform that allows for the Singularity to proceed in a beneficial manner for all;
- Accessibility of the platform to everyone, everywhere, as well as openness and inclusiveness of the community
- Transparency, fairness and reliability are the bedrock of processes and tools;
- Ability to explain process, rules, calculations and outcomes of governance events;
- Align processes with technological and ethical progress rather than optimize for commercial gains or advancement of individuals or small groups;
- Resist irreversible decisions to allow for flexibility and adaptability, with all rules changeable with a proper majority;
- Take into account the range of scenarios that may arise, from regulatory issues to tokenomics to community changes.
The goal of the SCDAO Task Force is to provide a framework for decentralization that is acceptable to the SNET Community. There is an incongruity in establishing a decentralized process using largely centralized procedures. For that reason, setting up the governance structures for SNET is ideally done by a functioning body that is a solid representation of management and the community of token holders that ultimately govern the process. Therefore, the first step for SNET is to develop the Decentralization Blueprint, to be approved by community vote targeted within six months.
Decentralization Blueprint Team Composition
The Blueprint will be essentially created by 3 groups composed of 12 members, that together, form the SCDAO Task Force:
The Supervisory Council
The three-member SC will represent the community and take initiatives to consult, inform and engage the wider community. The SC will interface with the other SCDAO Task Force groups and report to the community on all activities and outcomes.
Domain Experts
Five domain experts are chosen by SNET with the assistance of the SC to bring relevant knowledge in areas including: legal and regulatory affairs, integration with crypto markets, democratic governance, financial management, decentralization, ethics and the evolution of AI in the decentralization process. The Domain Experts group is responsible to draft the Blueprint on behalf of the SCDAO Task Force.
SingularityNET Foundation
Consisting of representatives of the SNET Governing Board, Executive Board, Deep Funding, and a representative to be decided, this group provides operational experience in decentralization, organizational structures, legal frameworks, financial management and required tooling to ensure the Blueprint matches the SNET AGI mission, vision, culture and goals of the Foundation and its community.
The content of the Blueprint will be decided on a consensus basis. In case no consensus is reached, a majority of at least 9 out of 12 SCDAO members can enforce a decision. If no quorum can be achieved the Task Force will turn to the General Board of the Foundation to break the grid lock and take the appropriate action.
Decentralization Blueprint Team Composition
The Blueprint will be essentially created by 3 groups composed of 12 members, that together, form the SCDAO Task Force:
The Supervisory Council
The three-member SC will represent the community and take initiatives to consult, inform and engage the wider community. The SC will interface with the other SCDAO Task Force groups and report to the community on all activities and outcomes.
Domain Experts
Five domain experts are chosen by SNET with the assistance of the SC to bring relevant knowledge in areas including: legal and regulatory affairs, integration with crypto markets, democratic governance, financial management, decentralization, ethics and the evolution of AI in the decentralization process. The Domain Experts group is responsible to draft the Blueprint on behalf of the SCDAO Task Force.
SingularityNET Foundation
Consisting of representatives of the SNET Governing Board, Executive Board, Deep Funding, and a representative to be decided, this group provides operational experience in decentralization, organizational structures, legal frameworks, financial management and required tooling to ensure the Blueprint matches the SNET AGI mission, vision, culture and goals of the Foundation and its community.
The content of the Blueprint will be decided on a consensus basis. In case no consensus is reached, a majority of at least 9 out of 12 SCDAO members can enforce a decision. If no quorum can be achieved the Task Force will turn to the General Board of the Foundation to break the grid lock and take the appropriate action.
SCDAO Task Force
Decentralization Blueprint Goals
The goal is to define the governance structure and boundaries of decentralization, including, but not limited, to the following topics.
A governance framework includes:
- Dynamics between Community and Foundation
- Decision-making processes
- Types of governance (voting) events
- Frequency or triggers for events
- Community-initiated governance events (e.g., referendum on a topic)
- Internal communication structure and required meetings
- Documentation and reporting of decisions
Financial governance includes:
- Financial administration framework
- Time endowment and remuneration of participants
- Community relations framework includes:
- Communications on related decisions and events
- General information and communication guidelines
- Community-initiated contact, complaints and concerns
Not all of these items can be expected to be fully defined in the Blueprint, as these aspects evolve over time. The Blueprint process balances the need for a well-defined structure, against a desire to get up and running as fast as possible.
The goal is to define the governance structure and boundaries of decentralization, including, but not limited, to the following topics.
A governance framework includes:
- Dynamics between Community and Foundation
- Decision-making processes
- Types of governance (voting) events
- Frequency or triggers for events
- Community-initiated governance events (e.g., referendum on a topic)
- Internal communication structure and required meetings
- Documentation and reporting of decisions
Financial governance includes:
- Financial administration framework
- Time endowment and remuneration of participants
- Community relations framework includes:
- Communications on related decisions and events
- General information and communication guidelines
- Community-initiated contact, complaints and concerns
Not all of these items can be expected to be fully defined in the Blueprint, as these aspects evolve over time. The Blueprint process balances the need for a well-defined structure, against a desire to get up and running as fast as possible.
Based on the guidelines stated in the SNET Whitepapers, a Supervisory Council Election (SCE) should be held every two years. However, to have a meaningful election and engage with the Community, it is imperative that the responsibilities of the Council be clearly defined and match with existing structures. For that reason, SNET postponed the Second SCE until the mandate of the Second Supervisory Council is clarified.
The Second Supervisory Council is mandated with the all-important task of representing the Community in the creation of the Decentralization Blueprint. The Second SC is elected for a limited term estimated at no more than six months, in line with the mandate of the SCDAO.
The Second Supervisory Council is mandated with the all-important task of representing the Community in the creation of the Decentralization Blueprint. The Second SC is elected for a limited term estimated at no more than six months, in line with the mandate of the SCDAO.
SC Election and Responsibilities
Second SC Goals & Tasks
The goals of the Second Supervisory Council are to:
- Oversee and take part in the development of a decentralization framework and blueprint that ensure proper governance methods for a stable and sustainable future, to vote on in a second referendum; and
- Guard the continuous alignment of SNET’s mission and vision to develop a beneficial AGI for the good of humanity and every individual.
The Council is expected to represent the Community in the process of exploration, research, analysis, and debate needed to develop the Blueprint that will form the framework for decentralization and community governance.
As a first task after their election, the Second SC assists SNET to appoint the Domain Experts and with the formation of the Domain Expert group the SCDAO Task Force is complete and ready to start work on the Blueprint.
The goals of the Second Supervisory Council are to:
- Oversee and take part in the development of a decentralization framework and blueprint that ensure proper governance methods for a stable and sustainable future, to vote on in a second referendum; and
- Guard the continuous alignment of SNET’s mission and vision to develop a beneficial AGI for the good of humanity and every individual.
The Council is expected to represent the Community in the process of exploration, research, analysis, and debate needed to develop the Blueprint that will form the framework for decentralization and community governance.
As a first task after their election, the Second SC assists SNET to appoint the Domain Experts and with the formation of the Domain Expert group the SCDAO Task Force is complete and ready to start work on the Blueprint.
The following are the main tasks of the Supervisory Council:
- Engage and exchange ideas with the other members of the SCDAO Task Force and with the Community
- Initiate regular online sessions and other means to inform the Community
- Motivate the Community to provide feedback, facilitate low-threshold methods for this and publicize results;
- Maintain transparency on the decentralization process and explain outcomes and analyze how Community feedback was integrated.
- Deal with administration of SC and the Domain Expert group of the SCDAO Task Force.
Second Council’s Term
Due to the special responsibilities of the Second Supervisory Council, the three members of the Council, and the five members of the Domain Expert group, will not serve in the coming new structure to protect these members against imputations of self-serving rules and conditions and guard the integrity of the process and outcomes.
The term of the Second SC will last a maximum of six months. Should the Blueprint not be ready after six months, the Foundation can decide to extend the term by a shorter period, such as a prolongation of another three months, with conditions and goals to be determined in due course.
- Engage and exchange ideas with the other members of the SCDAO Task Force and with the Community
- Initiate regular online sessions and other means to inform the Community
- Motivate the Community to provide feedback, facilitate low-threshold methods for this and publicize results;
- Maintain transparency on the decentralization process and explain outcomes and analyze how Community feedback was integrated.
- Deal with administration of SC and the Domain Expert group of the SCDAO Task Force.
Second Council’s Term
Due to the special responsibilities of the Second Supervisory Council, the three members of the Council, and the five members of the Domain Expert group, will not serve in the coming new structure to protect these members against imputations of self-serving rules and conditions and guard the integrity of the process and outcomes.
The term of the Second SC will last a maximum of six months. Should the Blueprint not be ready after six months, the Foundation can decide to extend the term by a shorter period, such as a prolongation of another three months, with conditions and goals to be determined in due course.
Ideally, the coming three-tiered voting process will evolve as a shining example and driving force of democratic and inclusive decentralized governance principles, throughout SNET, the crypto ecosystem and beyond.
This document serves as a starting point for an accelerated phase of decentralization. There will be ample opportunities to voice your opinion and we welcome all contributions. Just as the Decentralized Governance Summit on April 21, 2023, set the stage for the coming vote and associated documents, other similar sessions are expected to pave the way forward to a smoother Community-led governance process.
We hope to welcome your participation as we embark on this journey together!
This document serves as a starting point for an accelerated phase of decentralization. There will be ample opportunities to voice your opinion and we welcome all contributions. Just as the Decentralized Governance Summit on April 21, 2023, set the stage for the coming vote and associated documents, other similar sessions are expected to pave the way forward to a smoother Community-led governance process.
We hope to welcome your participation as we embark on this journey together!
CLOSING REMARKS
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