The role of the team and community

Founder's rights and multi-signature

During the development and testing phase, any change to the multisig budget requires approval from at least 3 key team members. After 6 months of launch, the DAO community will elect 5 members who will have the right to vote on budget changes - increasing the number of required minimum votes to 6 out of 10(minimum 3 from each side, 3 from the team, 3 from the community). Holders of over 0.8% of the total issue will have the right to be elected.

This mechanism eliminates the possibility of unilateral changes and maintains a balance between decentralization and the need for prompt action in emergency situations.

Example: The DAO decided to change the Liquidity Pool by a majority vote - even with a 51%+ "FOR" vote, the consent of the majority of the team members will be required.

---

Veto-mechanisms

The team has the right to veto any proposal only during the “Time Lock” period (48 hours after the end of the voting).

A veto is applied in cases of detecting critical errors in the code, security threats, or serious legal risks.

To remove the veto, a new community vote would be required with a quorum threshold of 20% of the total proposal and an approval threshold of 66% "Yes".

---

Incentive programs and grants

• Grants Program: a fund for third-party developers who want to build DApps and supporting services on top of BAFEX. The budget is allocated from the ecosystem development fund (10% of tokens).

• Compensation: Active community members who participate in discussions and help improve the protocol can receive up to 5,000 BAFEX for valuable advice and solutions.