WEB 2.5

Kula combines the best of Web2 and Web3

The journey of decentralisation will be a managed process during which KulaDAO will develop its RegionalDAOs and create stability within the eco-system. Reaching stability in its value proposition, both in terms of community consensus regarding operational and administrational behaviours, and the value of the KulaDAO token, is the trigger for locked tokens (that are designed in the initial phase to prevent market manipulation or majority stake ownership) to be completely released to the market or burnt against our bonding curve algorithm.
This provides an incentivisation to community stakeholders to participate whilst affording them a genuine governance stake in the development process itself.

By design, Kula cannot be owned or controlled by any one individual or group. Protocols in the design of the DAO’s structure provide safeguards from this eco-system, simply reverting to an alternative centralised system around a single set of vested interests.

Kula combines the best of centralisation (Web2) and decentralisation (Web3), operating as a decentralised autonomous organisation (DAO) that is neither completely decentralised nor autonomous. This is for regulatory requirements and the safety of Kula’s stakeholders.

Behind the DAO sits a robust constitution and set of core values that participating DAO members have to sign. Kula has embedded checks and balances into its governance structure, guilds are overlooked by executives that are overlooked by a court. This ensures all executed decisions are in line with Kula’s constitution and core values.

Kula deploys a double-DAO ecosystem to provide the liquidity and tools for RegionalDAOs to retain both voice and participation in the development of their projects. Kula has a unique approach to DAO governance structure and process, more of which can be read in the whitepaper.

WEB 2.5

PARTICIPATORY

WEB 2.5

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