A Boli Organization is a smart contract created in the Boli Economy.
Governance
Creators of Boli Organizations need to purchase and make an initial Deposit of Kokaa to be eligible to create the Organization. Each Organization comes with its own Treasury, made up of Boli tokens and a Vault. Boli Organizations will require pre-approval from Boli Governance before it can do a Boli tokens sale from its Treasury.
Boli Hub maintains a stake in each Organization’s Treasury to ensure that the Organization are secured, with the remainder being held by its Founder and Stakeholders. Stakeholders of the Organization vote on decisions related to Treasuries, Vaults and about how the Organization is managed.
Boli Economies will allow Members to run Polls or submit Proposals to gain public opinions for the Organization. Members need to make a Deposit in order to run a Poll or submit a Proposal. Opinions can include product ideas or general feedback. Stakeholders can vote on these opinions to decide on whether to accept it or not.
Treasuries
The Organization’s value is tied to its Treasury, which would initially be pegged to the Deposit made to create the Organization. A Deposit is required to launch a Boli Organization. Deposits can be made in Kokaa, and will have a minimum Deposit amount that is required to be eligible to launch a Boli Organization. The Deposit is transferred to the Organization’s Treasury when the Organization goes live. Deposits made in Treasuries are broken down into tokens called Boli tokens, and Stakeholders can increase their Treasuries by purchasing additional Boli tokens from the Treasury.
There are two ways Stakeholders can withdraw from the Treasury. Either decommissioning the Organization or requesting Loans. Both of which will require a vote among the Stakeholders and an approval from Boli Governance.
Boli Tokens
Deposits made in Treasuries are broken down into tokens called Boli tokens. Creators can decide on the value and liquidity of their Organization’s Boli tokens. Boli tokens cannot be reconverted into Kokaa or any cryptocurrency that can be used outside the Boli Network. However, Boli tokens can be sold to Boli Members, or reinvested in other Organizations within Boli Network. Boli Members who purchase Boli tokens become Stakeholders of the Organization.
Boli Vaults
Revenue or Profit generated by the Organization will be transferred to Boli Vaults, which are controlled by Stakeholder(s) of the Organization. Boli Assets owned by Organizations will allow it to earn Revenue in Kokaa. Revenue and Profit generated by Boli Organizations are stored in their Vaults.
Profit generated by Boli Organizations are called Payouts. Stakeholders can propose to go for a Vote to decide on the frequency of Payouts, which can be either weekly, monthly, quarterly or annually. Payouts can be be exchanged or traded outside the Boli Network.
Membership
Any Member of the Boli Network will have the option to request to join Boli Organizations. Organizations can have free or paid Membership, and will be public by default.
Digital Assets
Boli Organizations will allow its Founder or Stakeholders to create Digital Assets that can be Sold or Auctioned within or outside Boli Network. Digital Assets created on Boli are called Thari.
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