💵Operations Treasury

The DAO has established an Operations Treasury, which serves as a means of paying for operations. This includes, but is not limited to, marketing, legal, administration, and tax-related processes. R&D costs to develop prototypes and Minimum Viable Products without revealing the underlying ideas is included in the operations treasury. Since IPR 3.1, the DAO Treasury has been responsible for covering all costs. This means that all necessary funds are extracted from the DAO Treasury and transferred to the Operations Wallet, from which payments are made. 10% of the total $RFRM token supply is also directed towards this operations. As we stand for full transparent all wallets are listed in the constitution.

The wallet is solely used for DAO costs can be found here: Hofida Limited Operations

In order to ensure the proper use of these funds, the Operations Treasury is safeguarded with a multi-signature wallet, which has five signers to provide an added layer of security and oversight. There is a minimum of three signatories that must be in agreement before funds from the Operations Treasury may be released for their designated purposes.