WEMIX3.0
NILE (ENG)
NILE (ENG)
  • What is NILE?
  • DAO
    • DAO
    • Introduction to Neith Protocol
      • Station
      • Obelisk
      • Treasury
      • Governance
      • Trust
      • Incinerator
      • Creator
  • Life
    • Featured Life
    • NFT Project
    • DApp Project
  • Marketplace
    • NFT Marketplace
    • Offering
    • Trading
  • NFTFi
    • NFTFi
    • Borrow
    • Lend
  • Tokens
    • Token on NILE
  • GUIDES
    • Getting Started
      • How to create wallet
      • How to connect wallets
    • Marketplace
      • Participate in English Auctions
      • Buy Now
      • List NFT for Sale
      • Make Offer
      • NFT Ownership Transfer
      • View List of Owned NFT
    • NFTFi
      • Apply for Borrow
      • Manage Borrow
      • Repay Borrow Amount
      • Bid on Lend
      • Manage Lend
      • Receive Repayment
      • Transfer NFT Ownership
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  1. DAO
  2. Introduction to Neith Protocol

Trust

DAO's name and authority are delegated to become the subject of the contract off-chain with the execution and management of the business.

The Trust is where the name and authority of each DAO is delegated, becomes the main agent of contracts off-chain, executes and manages DAO business.

A corporate body, group or person not related to participation in DAO may be the Trust, and take the role of representing and doing business for each DAO. Information related to the Trust such as the Trust wallet address is made public to each DAO, and the Trust claims as rewards a set percentage of fees from the DAO funds used and profits.

The percentage of Trust fees are decided in the DAO business registration step. The Trust may also be the main agent of off-chain and contracts, as well as the main agent of the execution of DAO projects, and also take care of the related financial, accounting and legal responses.

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Last updated 1 year ago