Gift Circle

Coordinape’s core feature (central to the Alpha version) is the Gift Circle.

The Gift Circle allows a group of DAO contributors to decentralize the payment process, identifying each other's value to the organization to create a compensation map.

Compensation is done through a process of Gifting.

The Gift Circle

An organization can stand up to any number of Gift Circles, adding members through a decentralized process. Then, during a set period (the Epoch), the group can perform the Gifting process as follows:

• At the start of the Epoch, each member of the Circle receives several non-divisible GIVE tokens (Determined by the Circle Admin)

• Members allocate their GIVE tokens to other members throughout the Epoch to reward them for the value they bring to the Circle.

• Members can adjust their allocations up until the end of the Epoch.

• They can add notes to their allocations if they wish

• At the end of the Epoch, all allocated GIVE tokens become locked (now called GET tokens), and all unallocated GIVE tokens are burned.

• Budget distribution is then formulated according to the percentage of total GET tokens that each member of the circles has received.

Example

• Joe receives 75 GETs over the Epoch from his colleagues,

• Total GETs allocated during the Epoch are 1500,

• The total Contributor Budget is 50,000 USDC

• Circle Admin sends Joe 2,500 USDC (0.05 of the Budget).