Roles in Definitize: The Citizen

The Definitize Citizen:

Definitize Citizens in essence are the owners of Definitize – the first Decentralized Autonomous Organization (DAO) that utilizes DeFi for healthcare. Citizens have rights to govern, modify, participate and share in the profits arising from the activities of the DAO. Citizens exercise their rights to govern the DAO by voting via their governance tokens (DCARE). Citizens also appoint a Governance committee to provide constitutional compliance, service coordination and oversight over community experts and distributors.

Citizens are guided by the Definitize constitution which lays out the rules, roles, responsibilities, and rights of all the DAO participants. The constitution can be amended by its citizens through a voting process using their governance token.

How much voting power each citizen has is dependent upon a combination of the amount of governance token they possess, and the reputation score they have earned in the DAO. Reputation is earned by performing activities that is deemed beneficial to the DAO.

DCARE Governance Token:
The Definitize Governance Token (DCARE), is bound to the Definitize Constitution. It grants power of governance via voting rights and right to participate in income derived from Definitize activities.

1. DCARE can be mined by staking SOLVE tokens
2. DCARE will not be sold via token sale
3. DCARE has no monetary value or issuance price
4. DCARE holders are bound to Definitize Constitution
5. DCARE holders have the right to vote
6. DCARE holders have the right to receive income derived from all income Definitize generates, as determined by the constitution
7. Constitution allows for maximum 3,500,000 DCARE to be mined
8. Governance Token issue quantity can be decreased by a governance token vote

Governance Token Mining

• Deposit required to mine 1 Governance Token is 100 SOLVE
– Deposit must be in increments of 100 SOLVE, partial Governance Tokens cannot be mined

• When SOLVE is deposited into the contract
– Governance Tokens are mined immediately and can be withdrawn immediately
– SOLVE are locked for 365 days, cannot be withdrawn

• Mining Contract shall expire Dec 31, 2021
– Last date to make a SOLVE deposit is Dec 31, 2021
– No more Governance Tokens can be mined once contract expires

• Constitution prohibits increasing maximum number of Governance Tokens mined
– Maximum number of Governance Tokens may be reduced by a governance vote
– Mining contract may be expired sooner by a governance vote

• Additional mining contracts may be approved by a governance vote.
– Proposal for mining quarterly or daily or by contributing assets to pools have been initially considered and will be subjected to a governance vote

About Definitize:
Definitize is the first Decentralized Autonomous Organization (DAO) that utilizes DeFi for healthcare, created specifically to deliver highly innovative financial solutions for deserving projects in the healthcare market. Definitize provides an opportunity for the community to get involved in a 100% community-governed, sustainable, and scalable DeFi DAO. Definitize has a comprehensive decentralized financing framework targeting the healthcare market, serving actual patients, doctors, and care organizations, while generating sustainable returns for both the DAO and its community.
There are three main roles in which one can participate in Definitize: A Citizen, an Asset Contributor, and a Distributor. It is possible to participate in all three roles simultaneously.