Summary
The growth and sustainability of BanklessDAO and its projects depends on new regular funding initiatives. DAO members should be incentivized to introduce new funding. This document outlines the basis for issuing a finders fee as a reward for new income streams.
The suggested reward for each funding type is:
- Grants: 10%
- Angel / VC / Venture Club: 5%
- Crowd Funding: 5%
- New Client / Sponsor: 10%
Specification
These are Guidelines
These are guidelines and should be considered best-practice, not hard and fast rules, especially when pertaining to projects. Projects may reward any amount that works for them, with the understanding that a lower reward may result in less incentive for finding new clients / income.
Finder Eligibility
Finders fees are available for Level 1 members only. This requirement is to assure funds circulate within the aligned community. Rewards can be shared by the recipient in any way they deem suitable.
Funding Types & Organizational Units
BanklessDAO consists of a variety of organizational units, each with their own multisig and standards on how they can receive external funding. Types of funding and eligibility criteria are as follows:
Type
- Grants: apply for proactive or retroactive funding from grant and funding ecosystems
- Yield: earn yield on existing funds in treasury
- Donations: can receive donations from individuals and other organizations
- Income: can be paid by individuals and external orgs for services
Unit
- BanklessDAO: grants, yield, donations
- Guilds: grants, yield, donations
- Departments: grants, yield, donations
- Projects: grants, yield, donations, income
Eligibility
A finders fee is rewarded to new funding streams for an organizational unit. Each organizational unit is mutually exclusive, meaning a fee can be given more than once, but not from the same organizational unit.
Each funding type may require more or less work from the finder.
- Grants: 10%
Eligibility depends on the member facilitating the entire grants process, from start to finish. If they simply advise the community about the programme, but don’t help facilitate, they may not be rewarded anything. - Angel / VC / Venture Club Funding: 5%
Eligibility depends on connecting the investor to the organizational unit. No further work should be required. - Crowd Funding: 5%
Eligibility depends on an introduction to the crowd funding platform and facilitating a smooth onboarding to that programme. The finder is not required to market the crowd funding initiative, although it would be in their best interest to do so. - New Clients / Sponsors (Projects only): 10%
Eligibility depends on connecting the client to the project. No further work is required, although serving as an adept client manager may result in a higher spend, and a larger reward.
Documenting Criteria
Each project, especially those with active income streams, should note their finders fee policy directly on their Notion page. In the case no finders fee policy exists, members should refer to this document for guidance.
Legal and Tax Compliance
Each individual (the finder) is responsible for reporting income through their appropriate jurisdiction, and shall not hold BanklessDAO or any organisational unit responsible for legal, tax, or regulatory compliance.