Enterprise Syndicate Trading
What is syndicate trading?
A Syndicate is generally a formation of two or more parties who seek to collectively assume the risk of business and achieve economic efficiencies. Enterprise Syndicate Trading requires all parties to either be a legally registered commercial enterprise, sole-trader, partnership or the duly authorised agent of a trading entity.
Participants may be required to provide suitable consideration for the Syndicate to be able to engage in the proposed activity. To conduct business the Syndicate participants should nominate approved signatories for transactions and treasury management; from here the group can then proceed with their venture, communicate as needed, securely share documents and information and generally coordinate the objectives of the Syndicate. Once the business of the Syndicate is concluded the parties may seek liquidation of the Syndicate’s assets with respect to the predetermined terms agreed by the parties at the outset of their venture. Syndicates may be formed between individual members, among Guilds or even have mixed membership. They may be temporary or long lasting however Syndicates must be registered with at least one Guild.
Guilds form the foundation of DominionDAO. Every participant of Dominion DAO is a Guild and every individual is a member of a Guild. A participant may be a government, an organisation, a collection of persons or, a single person. These Guilds serve to teach their members the fundamentals of their specialty and seek to advance their organisation and community through the collective effort and contributions of their members. Each Guild may have unique requirements for the enrolment of organisations and individuals as members.
The Greater Guild; Oceanic Blockchain Federation, an adventurers guild operating predominantly in the Asia Pacific region offers an open standing invitation to the public; anyone may request enrolment or, to utilise the network as their guest. Dominion DAO Guilds are independently operated organisations. Participants may maintain 1 or more Guild memberships at any time. Each Guild will operate their own dominions, private sub-networks for; communication channels, multi-signature wallets, private liquidity pools, member management, platform feature access and for otherwise engaging in activities pursuant to the goals of their organisation.