Roles in Definitize: The Distributor

The Definitize Distributor:

Definitize distributors are responsible for ensuring that there is a world-wide supply chain of products and services for the end-users of Definitize – the first Decentralized Autonomous Organization (DAO) that utilizes DeFi for healthcare. End-users include patients, doctors, and care organizations. Distributors can either be individuals or organizations who have been approved by Definitize citizens, where the purpose of their products or services are aligned with the constitution of the DAO

Distributors are allowed access to a specified asset pool which would have been created to fund the approved healthcare project based on the proposal submitted by that distributor. Apart from the share in the asset pool income, distributors will also receive distribution fees to help cover operational costs such as sales and marketing costs, legal and administrative costs, breakage/loss, shipping and handling costs, taxes and regulatory costs, and anything else covered in the distribution agreement.

Distributor Responsibilities

Distributors are responsible for the following functions:

1. Educate, evangelize, and enroll clients and consumers (e.g. doctors, patients)
2. Handle contracting with end clients and consumers
3. Draw down assets from Asset pools as per terms of the distribution agreement
4. Manage product inventory, shipping, handling, and customer service
5. Collect and remit payments to the asset pool
6. Daily publish product and service distribution details
7. Monthly Governance Committee review
8. Quarterly community Q&A

Process to become a Distributor

Distributor applicants must submit a detailed application to the Definitize Governance Committee and stake the required number of SOLVE tokens for the application to be considered.  The flowchart below depicts the full process.

Asset Pool Distributor Collateral Requirements

The collateral requirements of the pool must be satisfied by authorized pool distributors before pool assets can be accessed. This is typically a percentage of assets available for distribution that is set by the agreement. In addition, all products and services distributed from the pool themselves serve as collateral for the pool.