The upcoming 2022 US election cycle is a pivotal election for cryptocurrency freedom in America. As goes America, so goes the world.
PAC is the leading public good DAO. In accordance with our mission to advocate positively for cryptocurrency, our community has assigned the highest priority to supporting advocacy and technology to the benefit of the crypto community pertaining to America’s 2022 Election Cycle.
The Treasury Committee has authorized up to 10 ETH for the PAC DAO Victory Fund, with the potential to release additional funds as needed.
PAC DAO Victory Fund
The Victory Fund is authorized to spend up to the following initial cap to support political campaigns and related organizations/infrastructure:
ADVOCACY: 1 ETH
Positive statements issued via press or social media for topics including: acceptance and inclusion of cryptocurrencies, sensible or favorable regulation, and philosophical benefits.TECHNOLOGY: 5 ETH
Publicly available campaign technology for candidates who wish to integrate cryptocurrency into their campaign. Contributions here may include Github repositories or links to project prototypes.
All beneficiaries and amounts will be determined at the sole discretion of PAC’s treasury committee. The Treasury Committee consists of all holders of PAC’s non-transferable governance tokens pro-rated to one vote per token.
Applications
If you believe your organization may benefit from the Victory Fund, simply complete this application. The DAO will review applications as they are received between now and election day.
PAC DAO is a strong supporter of transparency, and therefore all applications are available to view publicly.
Legal
PAC DAO places the highest priority on following all campaign laws governing contributions. Fortunately the US political system also places a high priority on allowing political candidates to receive funds from many sources, even providing strong protections for candidates who are interested in accepting cryptocurrency.
Final specifics will be arranged with the selected organizations so as to deliver maximum impact in accordance with all applicable campaign finance laws. For further details, please inquire within the active #legal channel of the Discord group.
Despite the name, PAC stands for “People Advocating for Crypto” and is not a political action committee, but rather a Decentralized Autonomous Organization with a focus on Public Good, operating with regard to all benefits and limitations therein.