Abstract

Kairos is a decentralized autonomous organization (DAO) that will be governed by its members. The purpose of the DAO is to provide an example of how a DAO can be used to build real-world infrastructure, create real (good) jobs, and ultimately provide a foundation for its members to build a better life for themselves and others.

Additionally, the DAO will provide a framework for its members to build their own DAOs and branch off into their own projects.

Ground Rules

Before we get into the details of the DAO, we need to establish some ground rules.

1. No one is in charge

The DAO is a decentralized autonomous organization. This means that no one is in charge. There is no CEO, no board of directors, no president, no chairman, no manager, no boss, no leader, no dictator, no king, no queen, no emperor, no president, no prime minister, no chief, no head, no ruler, no master, no commander, no superior, no supervisor, no superintendent, no foreman, no overseer, no controller, no director, no administrator, no governor, no monarch, no sovereign, no potentate, no despot, no autocrat, no tyrant, no fuhrer, no caesar, no czar, no kaiser, no sultan, no caliph, no pharaoh, no shah, no emir, no rajah, no maharajah, no prince, no princess, no baron, no baroness, no count, no countess, no marquis, no marquess, no viscount, no viscountess, no earl, no earless, no duke, no duchess, no knight, no dame, no lord, no lady, no master, no ruling party, no "Team", no "Core Team", no "Core Developers", no "Core Contributors", no "Core Members".

Are we clear on this? No one is in charge.

2. We write in Plain English

We write in Plain English. We try to avoid using technical jargon and acronyms. If we do use technical jargon or acronyms, we will define them for the reader. We will not assume that the reader knows what we are talking about, and aim to make our writing accessible to the widest possible audience.

3. We use the simplest solution that works

Avoiding complexity is a core principle of the DAO. We will use the simplest solution that works. Of course, we will need to define what "works" means, but we will do that on a case-by-case basis.

What is a DAO?

A DAO is a decentralized autonomous organization. It is a group of people who have come together to work on a common goal. The DAO is decentralized because there is no central authority. The DAO is autonomous because it is self-governing. That the DAO is an organization goes without need for explanation (we hope).

What is Kairos?

Kairos is a word picked up from Greek mythology. It means "the right, critical, or opportune moment". It is the opposite of "chronos", which means "time" or "sequential time". Kairos is the time when everything comes together. Knowledge, wisdom, and experience all come together at the right moment to …​ do something.

What will this DAO do?

If you’ve read our Kairos Manifesto, you’ll know that we’re going to kick this thing off by generating revenue from a mining operation. We will use the revenue from the mining operation to fund the DAO and its members. We will also use the revenue to fund other projects that the DAO members want to work on or support. Plainly: Our members are interested in building a better world, and we will use the treasury to fund projects that will help us realize those goals.

How will this DAO work?

Ok, that sounds great, but..

  • How will it work?

  • How will we make decisions?

  • How will we decide what projects to fund?

  • How will we decide how much to pay our members?

  • How will we decide who gets to be a member?

These are all great questions. Let’s get into the details.

1. The DAO will be governed by its members

The members of the DAO will be the ones who make the decisions. The members will decide what projects to fund, how much to pay themselves, and who gets to be a member. This is the core of the DAO. How voting will work depends on the type of decision being made.

1.1. Decisions about the DAO personnel

Organizations require people to do things. The DAO will be no different. The DAO will need people to do things. The DAO will need people to do things like:

  • Sign contracts

  • Pay bills

  • Manage the treasury

  • Manage the mining operation (well, contract that out)

  • Maintain the website and any other online presence

Those people can be members of the DAO, or they can be contractors, or full-time employees.

Deciding who gets to represent the DAO for such things will be voted upon by the community, which each DAO member getting one vote. The vote will be a simple majority vote. If there is a tie, the vote will considered a "no" vote. For a vote to be valid, at least a quorum of DAO members must participate in the vote. A quorum may be defined (and redefined) by the DAO members. At the DAO’s launch, a quorum will be initially defined as 50% of the DAO members.

1.2. Decisions about the DAO’s treasury

The DAO will have a treasury. The treasury will be funded by the mining operation, as well as revenue from Hyksos and other sources and projects, as the DAO members see fit. The DAO’s financial decisions (How much to spend on what) will be voted upon by the community, with each share of the DAO getting one vote. The vote will be a simple majority vote. If there is a tie, the vote will considered a "no" vote. For a vote to be valid, at least a quorum of DAO shares must participate in the vote. A quorum may be defined (and redefined) by the DAO members. At the DAO’s launch, a quorum will be initially defined as 50% of the DAO shares.

1.3. Decisions about the DAO’s projects

The DAO will fund projects. The DAO’s projects will be funded by the treasury. The projects we fund will be submitted by proposals to the DAO. These proposals can come from anyone, but only DAO members can vote on them. The vote will be a simple majority vote. The combined vote of the share/vote and member/vote will be averaged to determine the outcome of the proposal. If there is a tie, the vote will considered a "no" vote. For a vote to be valid, at least a quorum of DAO shares must participate in the vote. A quorum may be defined (and redefined) by the DAO members. At the DAO’s launch, a quorum will be initially defined as 50% of the DAO shares.

1.4. Decisions about the DAO’s membership

The DAO will accept new members. The DAO’s membership decisions will be voted upon using the same voting mechanism as the DAO’s personnel decisions.

Initial DAO membership will be by invitation only. The initial members of the DAO will be allowed to invite new members. Once the DAO has reached a quorum of members, the DAO will hold an NFT minting event. The NFTs will be minted by the DAO members to represent their shares in the DAO. The NFTs will be minted on the Polygon network. There will only ever be 10,000 NFTs minted. The initial sale price of the NFTs will be set by a DAO financial vote. The initial sale price will be set to cover the cost of minting the NFTs, and to fund the initial mining rig and reserve in the treasury.

2. Initial DAO Roadmap

2.1. Secure the initial mining container rig

This work has been completed as of November, 2023. The lead-time for the mining rig will be approximately 25 weeks from the time of order (funding).

  • Approximate cost: $1.5M

  • Lead time: 25 weeks

  • ROI: 23 months (assuming current difficulty and price for BTC)

2.2. Build the DAO website and Social Media presence

This work is ongoing and seeking to establish a presence in more corners of the internet. Members will be critical to this effort.

2.3. Mint the DAO NFTs

Once the DAO has reached a quorum of members, the DAO will hold an NFT minting event. This will fund the first mining rig and the DAO treasury.

3. Initial DAO Projects

3.1. Hyksos

Hyksos is a project initiated by a DAO founder (Wheyzilla). Without getting into too many technical details, Hyksos is the combined effort of Wheyzilla’s trading strategies combined and distilled into an easy-to-use signal service. Hyksos will be a subscription service that provides steady revenue to the DAO (and income for Wheyzilla).

3.2. Container Mining

The DAO will be mining BTC using a containerized mining rig. The container with mining equipment will be powered by a natural gas generator. The container will be located on a property leased or owned by the DAO, with mineral rights to use the natural gas from the property to power the generator. The container will be located in the Permian Basin in Texas, USA, or Louisiana, USA. The expected ROI for the mining operation is 23 months, after which the mining operation will be cash-flow positive. Expected operational life of the mining rig is 5 years before major repairs/re-investment is required.

3.3. Trading

The DAO can allocate a certain portion of its treasury to use for trading. The DAO will not make any promises about the success of its trading efforts, and will only execute strategies that have been surfaced by Hyksos, and thoroughly vetted by the DAO’s cryptocurrency trading Subject Matter Experts (SMEs). The amount allocated to trading will be decided by a financial vote of the DAO membership.

4. Future DAO Roadmap

Child DAOs

The DAO will provide a framework for its members to build their own DAOs and branch off into their own projects. The DAO will provide a template for its members to use to start a new DAO based on the Kairos DAO (start with mining, later fund all-the-things).

DAO of DAOs

Building upon the network created by the child DAOs, the DAO will become a DAO of DAOs, providing a wide variety of services to its members and member DAOs. What those services will be is impossible to predict at this time, but we can imagine that they will include things like:

  • Marketing services

  • Consulting services

  • Software development services

  • Hardware development services

  • Manufacturing services

  • Logistics services

  • Organizational services

  • Social Media services

Wrap-up

That’s it for now.

Note about this document

This is a living document. It will change over time. It will be updated as the DAO evolves. However, every version of this document will be available in the DAO’s GitHub repository.