Decision-Making Process
The decision-making process on CultChain is designed to be transparent, decentralized, and resistant to any single point of failure or manipulation. Here's how it works:
Proposal Initiation: Whether it's an application to become a DAO validator, a new charity event proposal, or a withdrawal request, the process begins when a user submits a proposal.
Randomized Committee Formation: To prevent biases and collusion, a randomized DAO sub-committee is formed for each proposal using the RandomizedCommittee contract. This ensures a fresh set of eyes evaluates each proposal without any predetermined judgments.
Proposal Review: The selected committee members review the details of the proposal. For charity events, this might involve scrutinizing the cause, the NGO's history, and the intended use of funds. For DAO validator applications, this would mean looking at the applicant's history and contributions.
Voting: Committee members cast their votes on the proposal. They have the option to approve, reject, or abstain. Their decisions are recorded on the blockchain, ensuring transparency.
Threshold Achievement: If the votes in favor surpass a predefined threshold, the proposal is approved. Conversely, if negative votes cross a certain limit, the proposal is rejected.
Notification & Execution: Depending on the decision, appropriate actions are taken. Approved charity events are listed, accepted DAO validators are onboarded, and approved withdrawals are processed. All parties involved are notified of the decision and any subsequent actions.
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