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2 | 2 | sidebar_position: 3 |
3 | 3 | --- |
4 | 4 |
|
5 | | -# Create a Bespoke DAO |
| 5 | +# Create a Community Token DAO |
6 | 6 |
|
7 | | - |
| 7 | +When you choose to create a community DAO, we assume that you're an advanced user who understands all the governance setup details and we present you a more complex and flexible form than the multisig DAO. |
8 | 8 |
|
9 | | -When you choose to create a bespoke DAO, we assume that you're an advanced user who understands all the governance setup details and we present you a more complex and flexible form than the multisig DAO. |
10 | | - |
11 | | -So let's create a Bespoke DAO: |
| 9 | +So let's create a Community DAO: |
12 | 10 |
|
13 | 11 | --- |
14 | 12 |
|
15 | | -## Creating the DAO |
16 | | - |
17 | | -With your governance setup plan in hand, you should fill the form as follows. The bespoke mode is split in 3 steps, let's do one by one: |
18 | | - |
19 | | -### Step 1: Name, Community and Program |
20 | | - |
21 | | -In the first step, you'll need to fill the basic configuration for your DAO |
22 | | - |
23 | | - |
| 13 | +**Click on `Create DAO` on the home page and option and the following wizard will be shown:** |
24 | 14 |
|
25 | | -1. **Name your DAO:** Choose the name for your DAO but bear in mind that if you choose a name that already exists, the transaction will fail. |
| 15 | + |
26 | 16 |
|
27 | | -2. **Place the `Community Token Mint`** if you have one, and if not, it will be generated for you. The community token mint is the token that will be used by the community to vote on proposals and it is required to create a governance. |
28 | | - 1. When you put the community token mint, a switch `Transfer Authority` will show up. If checked, it will transfer the authority of the community token to the realm. |
| 17 | +**Click on the `Community Token DAO` option** |
29 | 18 |
|
30 | | -3. **Min community tokens to create governance:** this field represents that to create a governance, there should be at least `N%` of the max supply of the tokens minted, being 1% the default value for tokens with supply bigger than 0. If the supply is 0, then this value will be set to `1000000` by default. |
| 19 | +**Name your wallet** |
31 | 20 |
|
32 | | -4. **Community mint supply factor:** the max vote weight of the community token. If it is set to 1 then total supply of the community governance token equals to 100% vote. This value can vary from `0.0000000001` to `1`. |
| 21 | + |
33 | 22 |
|
34 | 23 | :::tip |
35 | | -If you don't fill this field, the community token will be generated by the app |
| 24 | +Realms will provide a governance program ID by default, users can add their own customer Program ID under Advanced Options at this step in the multisig wallet wizard. |
36 | 25 | ::: |
37 | 26 |
|
38 | | - |
| 27 | +**Determine the DAO's community token** |
39 | 28 |
|
40 | | -5.**The `Governance Program Id`** field represents the Governance Program of the organization. If a DAO wants full control of their DAOs, they should deploy their own governance program. But to facilitate, Solana provides a default Governance program ID `GovER5Lthms3bLBqWub97yVrMmEogzX7xNjdXpPPCVZw` so, if you don't want to deploy a governance program now, it is possible to use this instance. |
| 29 | +**Place the `Community Token Mint`** if you have one, and if not, it will be generated for you. The community token mint is the token that will be used by the community to vote on proposals and it is required to create a governance. |
| 30 | + When you put the community token mint, a switch `Transfer Authority` will show up. If checked, it will transfer the authority of the community token to the realm. |
| 31 | + |
| 32 | +**Min community tokens to create governance:** this field represents that to create a governance, there should be at least `N%` of the max supply of the tokens minted, being 1% the default value for tokens with supply bigger than 0. If the supply is 0, then this value will be set to `1000000` by default. |
41 | 33 |
|
42 | 34 | :::tip |
43 | | -Checking `Use Test Instance` will change the program id to `GTesTBiEWE32WHXXE2S4XbZvA5CrEc4xs6ZgRe895dP` and run in a test program instead of the main program id. This is recommended if you are deploying a testing DAO. |
| 35 | +Realms provides the ability to determine the votes needed to pass a proposal by calculating the number of tokens in circulation (instead of using the total Mint supply) , users can do this under Advanced Options at this step in the Community Token DAO wizard. |
44 | 36 | ::: |
45 | 37 |
|
46 | | - |
| 38 | + |
47 | 39 |
|
48 | | -6. **Lastly, the `Governance program version`** that represents the version of the governance program. If you're using the default instance then at the time of writing the version of the deployed program is 1. |
| 40 | + |
49 | 41 |
|
50 | | - |
| 42 | +**Select the minimum percentage of `yes votes` to approve a proposal. The default is 60%** |
51 | 43 |
|
52 | | -7. **Click next to proceed to the [next step](#step-2-the-council)**. |
| 44 | + |
53 | 45 |
|
54 | 46 | --- |
55 | 47 |
|
56 | | -### Step 2: The Council |
57 | | - |
58 | | -The second step will guide you to setup the council settings. This step is optional and you can uncheck `Use Council` so you won't have a council for your DAO. |
| 48 | +### The Council |
59 | 49 |
|
60 | | -1. **Place the `Council Token Mint`** The council token is a token that will be distributed to the DAO's team. It's usually necessary if your DAO has no community and needs some level of governance. |
| 50 | +This will guide you to setup the council settings. This step is optional if you import your community token. It is mandatory if you are having realms create your community token. This is to ensure easy setup for initial governance rules. Here you have the ability to import other council tokens or create new ones. Council members can supervise and moderate DAO activities. It’s recommended to always create the council for DAOs in their incubation stage to prevent governance attacks or accidental losses of assets managed by the DAO. |
61 | 51 |
|
62 | | -:::tip |
63 | | -This step is optional, you don't need council mint to create a bespoke DAO but if you want a council, but doesn't have a token mint id, let the field empty and we'll generate for you. |
64 | | -::: |
| 52 | + |
65 | 53 |
|
66 | | - |
| 54 | +**Invite Members** |
67 | 55 |
|
68 | | -2. **Click next to proceed to the [next step](#step-3-the-summary)**. |
| 56 | +Input solana addresses to add members to the Community Token DAO |
69 | 57 |
|
70 | | -### Step 3: The Summary |
| 58 | + |
71 | 59 |
|
72 | | -The third step will show a summary of all the data you have put in the form. Check to see if everything is alright |
| 60 | +**After following this steps, you should have something like the image below:** |
73 | 61 |
|
74 | | - |
| 62 | + |
75 | 63 |
|
76 | | -**Click create, sign the transactions**, and when all transactions are finished, you'll be redirected to the DAO's page. |
| 64 | +**Then just click `Create Community Token DAO`, your wallet will pop up asking for signature. Approve to create the tokens and deploy the DAO.** |
77 | 65 |
|
78 | | -<!--  --> |
| 66 | +After the transaction is complete, you'll be redirected to the DAO's page. |
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