SELF-CONTROL THROUGH FINANCIAL MANAGEMENT.

Organizing neighborhoods to adopt government-like functions.

People roaming around the neighborhood.T
According to the Distributed Capital framework, DNO, short for Decentralized Neighborhood Organization, is the autonomous platform under which communities get organized.
It operates as an economic-oriented collegiate body, with focus on the administration of the resources in a way that benefits its members and neighbors.

Time to come together as one.

Based on several assumptions made by many experts, municipalities around the world will face difficulties to accomplish their annual plans due to the impact of COVID-19 on the economy. 

 

The forecasted revenue shows a reduction of earnings expected from sales taxation, eviction, re-possessions, and businesses closing shops and more, which would affect the distribution of their already shrank budget to maintain and build new infrastructure for their constituents. 

 

That is an opportunity for citizens to be organized around Decentralized Neighborhood Organizations which will start a rapid implementation process following strategies based on the Distributed Capital philosophy. 

 

The historic moment for citizens to help local governments that have seen their budget affected, with a contribution supported by action-hashed mining, might contribute to cities that will have it harder to maintain their cities for months to come.

 

Distributed Capital is a philosophy of self-management communities where crypto plays a key role. Under DiCap, professional volunteers apply to obtain financing to undertake infrastructure-related projects that eventually will generate money and resources for the individuals involved during the developments as well as communities at large.

FUNDS MANAGEMENT

At least three executive officials are the components of every DNO, along with the founder of the neighborhood chapter and a representative from the Weenhood branch.

ELECTING MANAGERS

Licensed miners would elect the officials from a group of candidates. Official elections will occur every 3 years, when miners go online to cast their votes.

LOCAL MERITOCRACY

Candidates must have the mining license active  and a 700 Civic Score at the time of presenting their postulation, or maintain a higher amount of funds invested in the system.

BEYOND MONEY

This requirement will have specific guidance concerning the amount and or percentages to determine how much in fund terms will make anyone qualifiable for a candidacy.

It is worth noting that the local governing body forming the Decentralized Neighborhood Organization cannot make modifications concerning how the algorithm works or investment plans, or calculate terms and rates.

The administration of each DNO gets organized into three internal directions:

THE COMMON ADVANCEMENT LEADERSHIP GROUP

THE ECONOMIC DEVELOPMENT LEADERSHIP GROUP

THE WELLNESS & CIVISM ENFORCEMENT LEADERSHIP GROUP

A place for leaders to combine merits with experience to achieve common goals

The Common Advancement Leadership Group takes care of the political vision for the neighborhood. 

 

It will guide the community by providing timely solutions to its problems through custom planning that would address common issues based on priorities and convenience. 

 

Moreover, it is the body in charge of representing each neighborhood with peer DNOs, while leading the conversation with government authorities and private organizations that are making life within the area, and surroundings, where the neighborhood is located.

Neighbors gathering at a place. DNO.T

LEADERSHIP

TAKING OVER

DUTIES & ASSIGNMENTS

ECONOMIC DEVELOPMENT

When a bank-like mindset converges with collective wealth.

About the Economic Development Leadership Group is a collegiate authority that manages the resources generated by approving loans, managing the investment representation before the city LEC. It also represents the neighborhood before the local Weenhood chapter. 

 

The neighborhood EDLG also coordinates the application of Distributed Capital philosophy through local productivity-clustered entities. In short, the EDLG will execute the financial vision for the neighborhood the CALG got instructed from neighbors who elected them to office. 

 

As collegiate bodies, their combined mission will address any relevant situation concerning dApps development, finance, marketing, and expansion. ​​​​​​​As we have envisioned, dApps are a key element of DNO's financial portfolio: as reliable providers of services for the neighborhoods and to promote neighbors' investment through one of the DiCap financing formats available for neighborpreneurship.

Financial transparency chart.T

COMMUNITY WELL-BEING

What about neighbors controlling the destiny of their communities?

The Wellness and Civism Enforcement Leadership Group will be in charge of programming social activities across the communities. 

 

The Wellness group uses funds assigned by the Economic Development Leadership Group to foster get-togethers around the neighborhood.

 

Those public events aim to bring solutions to issues such as health-care, food sovereignty, housing, recreation, education, employment, and numerous others managed by the community leadership that are bound to improve the living condition for the neighbors. 

 

This leadership group works as a liaison between the private-owned local productivity-clustered entities and their neighbors-customers since many neighbors are their partner investors too. 

 

WCELG is also involved in resolving disputes among neighbors, as well as promoting activities that make them come together as a big family during holidays and weekends.

People hanging out at a park. Community well-being.T

ABOUT CONTRIBUTIONS

The CALG will propose fund contributions when deemed necessary to further the neighborhood agenda. They also look for commercial alliances with service providers within the clustered entities arena as well as with those that are not registered.

LEADS ECONOMIC PLANNING

The DNO executive leadership also coordinates with the local productivity-clustered entities under the Economic Development Leadership the policies intended to accomplish the neighborhood yearly goals.

COMMUNITY PEERING

The Common Leadership Group also discusses custom regulations for neighbor members, and the type of alliances they should pursue with other neighborhoods within the same vicinity o geographic boundaries.

How do DNO licenses get assigned to new communities?

To form a new Decentralized Neighborhood Organization applicant should claim a neighborhood and pay the equivalent of $50 (refundable) to kick a verification and acceptance process. 

 

The claimant must prove he/she is a resident of that neighborhood by providing valid proof of address. Since a resident has claimed the neighborhood as a DNO, he/she can opt for a leadership position called Coordinator. 

 

This coordinator will be the only valid authority until scheduled elections occur and in a period no later than 180 days from the date of registration. An extension of the organization period for the same length can be granted upon request and for one occasion only. 

 

An applicant would risk his organization license due to suspension if the community failed to reach formal status in the period accorded. 

License image for DNO.

ACCREDITATION

To get the neighborhood validated and accredited, the claimant should bring at least ten neighbors with proof of address to confirm the neighborhood legitimacy via a process similar to AML/KYC.

HOUSEHOLD CALCULATION

Volunteering Mining Licenses are individual and would provide a hint as to the number of households registered as part of the neighborhood or community. 

MEASURING DNO SIZE

DNO registration guidelines require people to upload their residence coordinates. Neighbors should check Google Maps.

RETURNING FEE

The application fee will return to the claimant upon the neighborhood plan is approved. Coordinators can choose their returns in 3 ways: as an NFT, in the same dollar amount in credits, or via ₩EEN transfer to applicant wallet.

Assessing tariffs across the community.

The Common Living Sustenance Contribution is a household tariff that would be assessed by the DNO, in order to create an investment fund that offer financial solutions to the local municipality to fund jobs that are required to maintain a balanced living standards in the communities.

Funds can be made of individual household annual property taxes that are set to be transferred to this community fund instead of the local tax authority. Since the funds are coming from mining CEOs, some exemption would apply as well.

As indicated previously, funds are created to be lent to local authorities to further the improving living agenda of contributing DNO. It is a good strategy, since local property taxes are going to fill the arcs of municipalities to finance work and bureaucracy that is foreign to the paying DNO, and often than not, funds are never returning to the community that made the tax contribution.

In other words, if people are guided to use their savings to finance big private corporations through mutual funds, 401K plans, and IRAs, why neighbors cannot finance local municipalities with their earned funds by lending money and resources generated by their neighborpreneurial efforts.

The annual contribution would equal the amount city would collect for property taxes.

Part of the funds will help to strengthen citywide consortium and sovereign funds that will impact the revenue of licensed neighbors. 

 

The management of funds will be a partnership effort between WEEN and the DNO involved.

CLSC is intended to be shared for financial gain with larger funds like a citywide fund and the country sovereign fund, all must be registered at the respective DEX. 

 

The contribution is broken as follows: 85% for a fund in charge of neighborhood investing, 10% for a city fund with the same purposes, and the remaining will be transferred as a contribution to the country's private sovereign fund. Those are the minimum contribution but that can be improved.

Green girl in downtown.T

DNO funds cannot be used for purposes different from common wellness. It cannot be used to repair members' properties, including homes, garages, tents, business locations, or vehicles. It cannot be used to pay for group activities such as vacations or retreats or any activity that can be financed through the local WEEN.