Power to the People

Section 2: Decentralization—Power to the People

2.1 Defining Decentralization

Decentralization means no single entity—be it a CEO or corporation—controls AuraBnB. Instead, power rests with the community through a Decentralized Autonomous Organization (DAO), executed via blockchain.

Practical Example: Rather than a board choosing the next property, AURA token holders vote on whether to build a desert dome or a coastal cabin.
Benefits: Fairness (everyone has a voice), transparency (actions are public), and resilience (no central point of failure).

2.2 Blockchain Backbone: Solana

AuraBnB runs on Solana, a high-performance blockchain ideal for our needs:

Speed: Processes 65,000 transactions per second—fast enough for voting, bookings, and payouts.
Cost: Fees are pennies (e.g., $0.00025 per transaction), making participation affordable.
Features:
- Immutability: Records can’t be altered, ensuring trust.
- Public Ledger: Every decision, fund movement, and vote is verifiable.
- Smart Contracts: Automate governance and operations.
Why Solana?: Its Proof-of-History (PoH) and Proof-of-Stake (PoS) combo outperforms slower chains for real-time applications.

2.3 The DAO—Your Governance Hub

The DAO is a digital democracy where AURA token holders propose and vote on everything from property designs to budget allocations.

Proposal Lifecycle:
1. Submission: Any token holder submits an idea (e.g., “Fund a $30,000 solar array for Guayabo”).
2. Discussion: Community debates on Discord or a governance forum.
3. Voting: Cast votes via Solana wallets (e.g., Phantom).
4. Execution: Smart contracts enact approved proposals automatically.
Example: If 55% vote to allocate $10,000 for marketing, funds transfer from the treasury instantly.

2.4 Evolving Governance—Step-by-Step

Governance starts centralized and transitions to full decentralization over years:

Phase 1: Centralized Setup (2025)
- State: The founding team oversees token launches, website, and initial fundraising.
- Target: Distribute 10% of AURA tokens (10M), raise $120,000 for Guayabo Glass House.
- Control: Team holds temporary authority to bootstrap the project.
Phase 2: DAO Activation (2025)
- State: DAO launches, enabling votes on Guayabo’s design and funding.
- Target: Fully fund Guayabo, transition 20% of decisions to community.
- PRD Addition: Voting dashboard, basic trust rules coded into smart contracts.
Phase 3: Trust Establishment (2025)
- State: Legal trust forms (likely in Guernsey), taking ownership of Guayabo once built.
- Target: Elect first community leaders via DAO, reduce team role to 70% of decisions.
- PRD Expansion: Trust management tools, reporting interface.
Phase 4: Full Decentralization (2027+)
- State: DAO controls all operations—property selection, funding, rules.
- Target: Manage 3+ properties, team becomes advisors only.
- PRD Maturity: Advanced features like decentralized financial products, full decentralized project management teams.

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Last updated 15 days ago

2.1 Defining Decentralization

Practical Example: Rather than a board choosing the next property, AURA token holders vote on whether to build a desert dome or a coastal cabin.

Benefits: Fairness (everyone has a voice), transparency (actions are public), and resilience (no central point of failure).

2.2 Blockchain Backbone: Solana

AuraBnB runs on Solana, a high-performance blockchain ideal for our needs:

Speed: Processes 65,000 transactions per second—fast enough for voting, bookings, and payouts.

Cost: Fees are pennies (e.g., $0.00025 per transaction), making participation affordable.

Features:

Immutability: Records can’t be altered, ensuring trust.
Public Ledger: Every decision, fund movement, and vote is verifiable.
Smart Contracts: Automate governance and operations.

Why Solana?: Its Proof-of-History (PoH) and Proof-of-Stake (PoS) combo outperforms slower chains for real-time applications.

2.3 The DAO—Your Governance Hub

The DAO is a digital democracy where AURA token holders propose and vote on everything from property designs to budget allocations.

Proposal Lifecycle:

Submission: Any token holder submits an idea (e.g., “Fund a $30,000 solar array for Guayabo”).
Discussion: Community debates on Discord or a governance forum.
Voting: Cast votes via Solana wallets (e.g., Phantom).
Execution: Smart contracts enact approved proposals automatically.

Example: If 55% vote to allocate $10,000 for marketing, funds transfer from the treasury instantly.

2.4 Evolving Governance—Step-by-Step

Governance starts centralized and transitions to full decentralization over years:

Phase 1: Centralized Setup (2025)

State: The founding team oversees token launches, website, and initial fundraising.
Target: Distribute 10% of AURA tokens (10M), raise $120,000 for Guayabo Glass House.
Control: Team holds temporary authority to bootstrap the project.

Phase 2: DAO Activation (2025)

State: DAO launches, enabling votes on Guayabo’s design and funding.
Target: Fully fund Guayabo, transition 20% of decisions to community.
PRD Addition: Voting dashboard, basic trust rules coded into smart contracts.

Phase 3: Trust Establishment (2025)

State: Legal trust forms (likely in Guernsey), taking ownership of Guayabo once built.
Target: Elect first community leaders via DAO, reduce team role to 70% of decisions.
PRD Expansion: Trust management tools, reporting interface.

Phase 4: Full Decentralization (2027+)

State: DAO controls all operations—property selection, funding, rules.
Target: Manage 3+ properties, team becomes advisors only.
PRD Maturity: Advanced features like decentralized financial products, full decentralized project management teams.