Governance and Progressive Decentralization

Being a Rejuve network member (at baseline defined as an RJV token holder) means having ownership of the network and being part of the decision making, especially as it pertains to management of member data. Web3 based democratic decentralization is an emerging and evolving concept with many complexities and dimensions to understand and develop. In line with SingularityNET ecosystem ideals, and in order to implement Rejuve Network is committed to adapting this evolution of societal structure by the way of progressive decentralization, a gradual, measured, intentional transition from a traditional organization and a responding outside community, to a self-organizing, community governed entity, or DAO (decentralized autonomous organization).

In order to ensure the success of the Rejuve Network in its initial phases, core business and strategic decisions will be made by the Rejuve Network Foundation. Following the set-up of essential functions and team, legal and regulatory compliance structure, proper resource management, and economic stability. After a stable Network structure is established (and perhaps during this establishment), a high level governance roadmap will be co-created with the Rejuve Network Community, including the formation of necessary bodies, councils, groups, a plan for guidelines of governance, how these guidelines will be finalized and in what time periods, how amendments may be made, as well as how to deal with the dismissal or disbandment of particular entities, bodies, groups, etc. If it should be elected that a “constitution” be put in place, the “value” of that constitution should also be considered, as in, how fundamental is it to the ongoing workings and future of the DAO?

What happens if the majority believe that it is no longer valuable, or no longer needed? Should there be a tendency to stick closer to the original and monumentalize it, or to have it be more fluid/up to interpretation?

As part of creating an ongoing trend of continuous community feedback, we will regularly utilize polls, surveys, and forms (in-app or online). As suggestions and ideas begin to come in, these can be arranged into proposals, plans, and roadmaps using available tools. Final and major proposals should be voted on on-chain, in order to facilitate true and meaningful usage of Web3 economy.

Examples of topics on which network members can vote on can include what kind of studies or clinical trials to run, which entities outside of Rejuve Biotech to work with (labs, clinics, pharmaceutical companies, etc.), and any changes to the reward structure or overall governance of the Rejuve Network.

Rejuve understands the need for balance between decentralized, open-ended contribution to governance (as opposed to Foundation pre-delineating a structure before implementation which is against the spirit of a DAO) with the need to enact such structures timely and effectively (i.e. not still in undone stage in 5 years for example)

For example, in some early voting events, all token holders’ votes may be weighted equally. As Rejuve begins to build the Data Commons, the votes of data contributors, i.e. those holding a RejuveID, may be weighted more heavily in decisions that directly affect management of data (voting topics that deal with solely token-related or other matters will continue to be weighted equally). This will assure that those who are the highest stakeholders – the data contributors – are favored in any decision, while not leaving out the RJV token holding community who may not be using the app but still hold in order to support the ecosystem.

Potential solutions to facilitate these events include:

• A voting portal in the app (For some topics, we may require that one completes an educational module within the app or on the web with a certain percentage pass rate in order to vote; these kinds of voting events would be limited to app users.)

• ”Stake to vote”-Utilizing stake pools to vote on important issues of the network

Third party voting platforms (such as Swae used in SingularityNET’s DeepFunding)

Another method of early decentralization of the network is the formation of community groups/think tanks (Volunteer efforts to achieve more than just the team). Examples include:

• Physicians/Health professionals Group

• Scientists group

• Developers group

• Community & brand ambassadors

• Legal group

• Rewards committee (Network rewards distribution matters–(ex. Covering gas fees, needed pools, funding of new initiatives, dev community, etc.)

• Mechanical turk style program “work for Rejuve”

• Data commons committee

Phases Proposed phases for mature ecosystem/when to ideally institute governance

(defined by community governance playing an increasingly more important role)

• Phase I - Establishment of the Network (Phase that includes primary direction by the Rejuve Foundation, including the release of the RJV token and NFTs, IRB review for research initiative and database building, legal structuring, and initial database management ex. HIPAA compliance)

• Phase II - Formalization and building (Beginning of interactive network mechanics such as creating a governance roadmap, voting events, specialized pools for network usage incentivisation, decentralized KYC & data storage solutions, establishment of a DAO

• Phase III - Flourishing decentralization (DAO) (Community well engaged in governance of network metrics and data usage, Foundation playing a minimal role, autonomous economy)