ODIN Society — Report #15
Creating useful, innovative, and inclusive technology.
What is ODIN Society?
ODIN Blockchain has a growing international team of people working on ODIN technologies, services, and community ventures on a daily basis. ODIN Society brings people working on ODIN technology, design, and marketing into a more defined organizational structure.
ODIN Society is a nonprofit co-operative organization with a growing number of OS members who come directly from the community. Technically speaking in more legal terms, we are incorporating under the Co-operative and Community Benefit Societies Act 2014.
Anyone can join the ODIN Society
We are not an exclusive, elitist ‘private club’. In fact, we are quite the opposite. ODIN Society is truly an organization owned entirely by the people. Owned by us! There are no shareholders or venture capitalists pulling strings behind the scenes. As a newcomer, you can talk to existing OS Members on Discord about how to join up. We are looking to automate this in the future, through an OS membership portal.
ODIN Society’s Hybrid Governance Model enables ODIN Trustees to collectively govern the overall project direction in collaboration with the Masternode Operators, also known as the ODIN Node Collective, (“ONC”).
The initial access to membership has been limited to known and trusted people that have been communicative, productive, and transparent about the work they have been consistently delivering across various ODIN projects in the past year. ODIN Society has submitted the registration to the FCA via Co-operatives UK with an initial board of ODIN Founding Members covering several global regions.
Funding Model and Treasury
Current revenue streams are provided via products and services created by ODIN community collaborators. Profits from these sources are donated to the ODIN Society accounts in order to pay for ongoing subscriptions and other essential services required to maintain the core ODIN Ecosystem.
Upon final authorized registration, the ODIN Society will have a multi-signature bank account, connected accounts (such as Paypal), and multi-signature cryptocurrency wallets. This includes the non-staking ODIN Society “Foundation” wallet, of which the ODIN Trustees are becoming signatories to provide a more democratic decision-making process for ODIN, in combination with Masternode Proposals and voting mechanisms.
How do new members join ODIN Society?
After submitting a proposal and registering interest in becoming a member, existing ODIN Trustees must vote in favor to provide a minimum of 51% consensus to approve the new member(s). Following acceptance by existing ODIN Trustees, the proposal will then be publicized and presented for the ONC to perform a binary vote via the Masternode Proposal System. At the following Superblock, the proposed new ODIN Trustees will either pass or fail the final step of admission.
Read more about ODIN Society in our most recently updated Whitepaper
