<aside> 💡 Bankless South Asia is a Decentralised Autonomous Organisation formed on the bankless mission of boarding one billion people to the bankless monitory system using technology, media, culture, and education in the South Asia region. This governance framework intends to establish base operating guidelines for the DAO to properly distribute funds and make organisational decisions and sustainability. The following outlines Bankless South Asia governance roles, policies, projects and decision-making procedures.

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I. Why Does Bankless SouthAsia Exist?

Vision: To spearhead the South Asian Bankless movement towards a future of greater freedom by providing a platform where people can co-create, learn and express themselves without language barriers.

Mission: To introduce the Bankless principle to the next billion from the most populous region on earth through education, user-centric content, technology, consulting, and advisory. We aim to channel collective intelligence toward the greater good.

II. Core Values

Integrity: We uphold our diversity, practice honesty, and adhere to ethical principles. Transparency in accounting and decision-making is considered of utmost importance.

Accountability: We are accountable for our actions in the DAO, both good and bad. Expect adherence to high standards of responsibility.

Collaboration: We highly value collaboration over individualism, together we march towards shared DAO goals with mutual support.

Build for durability: We want to maximise our efforts towards long-term sustainable value creation that can stand the test of time. We want to do this by carefully analysing the needs and future requirements of the region's people and matching them with planned execution.

Decentralisation: We strive to create an environment where the decision-making is not concentrated with few influential members. A collective decision-making process will be enforced in which each eligible member has a say.

III. Governance Structure

Governance Roles

‘Anyone who believes in the values and benefits of decentralised and distributed technology can become a member of Bankless South Asia. ‘

Bankless South Asia  has a three-level governance structure:

1. Chotu: Anyone who believes in the values and benefits of decentralised and distributed technology and wants to contribute to the DAO in any capacity. This includes but is not limited to attending meetings, working on projects and providing administrative support.
2. Bhai: Bankless south Asia Chotu roll holders who have met the following criteria,
   1. An active contributor to Bankless SouthAsia or to any media nodes formed under the bankless south Asia umbrella.
   2. @bada_bhai should nominate a Chotu role holder as an informal proposal regarding the role in the #informal-proposal channel, which follows the informal voting procedures.
3. Bada Bhai
   1. Any @Bhai tag holder can be nominated by a @bada_bhai for this role
   2. The nominee should make a formal proposal to the #proposals channel under governance. The proposal will undergo the procedures described under section VI.
   3. Duration of a role: The tag holder is entitled to the role for an entire season. at the end of each season, they are supposed to make an informal proposal for the role renewal.
   4. At the end of Season 0, all the Multisig signatories will be eligible for a @bada_bhai role.

IV. Governance Board Elections

The governance Board of the bankless SouthAsia will be Responsible for the smooth functioning of day-to-day activities and envision a long-term future for the DAO. The responsibilities of the governance board will include but are not limited to operations, funding and accounting, and talent coordination. The number of seats in the Governance Board will expand or shrink according to the size of the DAO.

1. Season
   1. The seasons of the bSouthAsiaDAO will align themselves to the seasons proposed by BanklessDAO.
   2. The DAO coordinator will make a formal proposal 1-week before the end of each season regarding the number of seats on the governance board.