PlanetDAO Rulebook English
PlanetDAO002 Rulebook
PlanetDAO002 Rulebook
  • Welcome to PlanetDAO002: Bamboo Forest House
  • 1. General Provisions
  • 2. Issuance of Shares
  • 3. Target Properties
  • 4. The Project Management Company
  • 5. Operation of Accommodation
  • 6. Selection of Accommodation Management Company
  • 7. Commitment to the Community: Collective Purpose
  • 8. About Experts
  • 9. The General Meeting of Shareholders
  • 10. Operation of the DAO
  • 11. Capital Increase
  • 12. Regulations Management
  • 13. Usage of the Property for the Share Holders
  • Supplementary Provisions
  • FAQs
    • FAQ Categories
    • Shares
      • What is the financial return for the investor?
    • Accommodation
      • How many days a year can it be operated as vacation rental?
      • Do shareholders get to use the property?
      • Is the house considered a historical building or a registered tangible cultural property?
      • Who owns the land? Who is taking care of the forest? Does PlanetLabs have a farming license?
      • Is there a risk that bamboo roots could be damaging the property?
    • License
      • What licence do both companies hold in Japan to pool investments from investors?
    • Team
      • How do locals feels about people outside of the area coming in?
      • Who is the team and do they have experience in vacation rentals?
    • PlanetDAO002 (Bamboo Forest House)
      • What is the experience like for the tourists? Are locals involved in guiding tourists ?
      • On ongoing basis, whom do investors liaise with on any issue/ query?
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On this page
  • Operation of the DAO
  • Agenda Setting and Chairing
  • Voting in the DAO
  • Resolution Methods
  • Minutes of Meetings

10. Operation of the DAO

Operation of the DAO

  1. The Project Management Company will operate the DAO using various online communication tools, including email with mailing lists, WhatsApp, Notion, Zoom, and Google Forms.

  2. Shareholders who wish to participate in the DAO can join and engage in discussions related to the company’s project management.

  3. In the DAO, each shareholder has one vote per share owned.

Agenda Setting and Chairing

  1. Setting the agenda and proceeding with the DAO discussions will primarily be the responsibility of the Project Management Company.

  2. However, shareholders may raise issues and conduct proceedings in the DAO if they wish.

  3. The specific methods for setting agendas and conducting proceedings will be defined by the Project Management Company at a later date.

Voting in the DAO

  1. The specific method for voting in the DAO is through Google Forms. This tool may be subject to change at a later time.

  2. When resolutions are made by voting in the DAO, a voting period of at least 24 hours is mandatory. The duration of the voting period will be determined by the Project Management Company for each vote.

Resolution Methods

  1. Resolutions related to accommodation facility matters require the participation of shareholders holding at least 10% of the voting rights, and are passed with a majority of the votes cast by these shareholders.

  2. However, resolutions concerning changes to the Accommodation Management Company require the participation of shareholders holding at least 10% of the voting rights, and are passed with at least two-thirds of the votes cast by these shareholders.

  3. Similarly, resolutions concerning changes to the Project Management Company also require the participation of shareholders holding at least 10% of the voting rights, and are passed with at least two-thirds of the votes cast by these shareholders.

  4. If shareholders holding at least 10% of the voting rights do not participate in a DAO resolution, the Project Management Company will make the decision.

  5. Resolutions concerning changes to the Collective Purpose, require the participation of shareholders holding at least one-third of the voting rights and are passed with at least two-thirds of the votes cast by these shareholders.

Minutes of Meetings

  1. The Project Management Company will appropriately record the progress and results of decisions and discussions in the DAO on the online chat tool and Notion.

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Last updated 7 months ago