DECENTRALIZATION: Privacy, Security, KYC, and Auditors

Describes the KYC process, privacy measures, and the role of auditors in ensuring secure and transparent operations.

Maintaining transparency while protecting everyone’s privacy

Maintaining transparency while protecting everyone’s privacy is an important part | built into the ecosystem. When anyone wants to engage financially within the One World Network be it the Exchange, Marketplace or DAO, they will need to verify their identity by completing the KYC (Know Your Customer) process through Onfido, via a form on our website.

The submitted information is held on their servers and can be removed after 24 hours. We will never see or hold the data and a contract is in place with Onfido to ensure third party data can never be repackaged or re-used.

Once the KYC is completed, the opportunity to mint an optional Identity NFT, which is soulbound, non-transferable, to the individual's wallet. This acts as verification that the wallet holder is KYC compliant and ensures safety for users while maintaining data integrity and user validation. It is optional as it requires an additional small amount of gas fees.

It is important to note that while One World Project LTD is providing the service and software for the DAO, Exchange and Marketplace to operate, the DAO and project functions are 100% sovereign.

One World Project LTD holds no ownership with a DAO or Project.

Only initial membership fees (purchase of NFTs) are paid to the company and does not receive any future benefit from the value generated within a DAO or project. We will not participate, interfere or influence decisions within DAO’s or projects.

This is critical to understand that all decisions are completely in control of the community. All governance, rules and the releasing of funds from the treasury require a vote. Any internal business frameworks are at the discretion of the members of a DAO or Project and will remain such.

It is recommended that each community source a legal representative for any guidance or further support. They can reach out within the Marketplace to find service providers or strategic partners. For further questions, the full terms and conditions will be available on our website at launch.

Auditors: Funding Projects and Receiving Payments

It is highly recommended for DAOs and Projects to choose to use a third party auditor, particularly with milestones payment releases when funding projects. This can be selected during the creation of the project proposal. Once successful, and the project themselves has likewise accepted the milestones and payment release terms, an auditor can be chosen.

The auditor’s role is to verify the milestone has been achieved according to the contract and will give forward acting guidance that milestones are achieved before the action of release funds. Additionally they can be involved longer term for the life of the smart contract to follow up projects complying with tasks such as uploading financial reports regularly, reminders for profit share releases and so forth.

Digital Currency Exchange and Smart Contracts

Each DAO or project will be capitalized by a coin of their choice. Currently supported is WBTC, WETH, and USDC. DAO treasuries may hold only one type of coin at this time. If a DAO would like to participate in a project that is requesting a different type of coin, an agreement between both parties will need to be made to cover the cost of any exchange fees for both receiving and sending the coins. Further information will be available online at launch.

DECENTRALIZATION: Privacy, Security, KYC, and Auditors

Maintaining transparency while protecting everyone’s privacy is an important part built into the ecosystem. When anyone wants to engage financially within the One World Network—be it the Exchange, Marketplace, or DAO—they will need to verify their identity by completing the KYC (Know Your Customer) process through Onfido, via a form on our website.

The submitted information is held on their servers and can be removed after 24 hours. We will never see or hold the data, and a contract is in place with Onfido to ensure third-party data can never be repackaged or re-used.

Once the KYC is completed, the opportunity to mint an optional Identity NFT, which is soulbound and non-transferable to the individual's wallet, is available. This acts as verification that the wallet holder is KYC compliant and ensures safety for users while maintaining data integrity and user validation. It is optional as it requires an additional small amount of gas fees.

It is important to note that while One World Project LTD is providing the service and software for the DAO, Exchange, and Marketplace to operate, the DAO and project functions are 100% sovereign. One World Project LTD holds no ownership with a DAO or Project. Only initial membership fees (purchase of NFTs) are paid to the company, and it does not receive any future benefit from the value generated within a DAO or project. We will not participate, interfere, or influence decisions within DAOs or projects.

This is critical to understand: all decisions are completely in control of the community. All governance, rules, and the releasing of funds from the treasury require a vote. Any internal business frameworks are at the discretion of the members of a DAO or Project and will remain such.

It is recommended that each community source a legal representative for any guidance or further support. They can reach out within the Marketplace to find service providers or strategic partners. For further questions, the full terms and conditions will be available on our website at launch.

Auditors: Funding Projects and Receiving Payments

It is highly recommended for DAOs and Projects to choose to use a third-party auditor, particularly with milestone payment releases when funding projects. This can be selected during the creation of the project proposal. Once successful, and the project themselves has likewise accepted the milestones and payment release terms, an auditor can be chosen.

The auditor’s role is to verify the milestone has been achieved according to the contract and will give forward-acting guidance that milestones are achieved before the action of releasing funds. Additionally, they can be involved long-term for the life of the smart contract to follow up on projects complying with tasks such as uploading financial reports regularly, sending reminders for profit share releases, and so forth.

Digital Currency Exchange and Smart Contracts

Each DAO or project will be capitalized by a coin of their choice. Currently supported coins include WBTC, WETH, and USDC. DAO treasuries may hold only one type of coin at this time. If a DAO would like to participate in a project that is requesting a different type of coin, an agreement between both parties will need to be made to cover the cost of any exchange fees for both receiving and sending the coins. Further information will be available online at launch.