Pirate Syndicate - Community Governance
The Pirate Syndicate - The club!
Modern Pirates Club is governed by the Pirate Syndicate, an exclusive and innovative community designed to empower club members with transparency, collaboration, and decision-making power. While not a fully decentralized DAO, the Pirate Syndicate ensures that members actively shape the future of MPC while keeping the ship on course.
This system is similar to a DAO, but since it won’t be fully decentralized, we’ve named it the Pirate Syndicate. Staked Token and NFT holders can vote and contribute on many decisions, while a structured approach ensures the club stays focused and on course.
To join the Club and be a part of the Pirate Syndicate you must either
Have 10,000,000 (10 Million) Pirate Coin Staked or
Own 1 NFT
How the Pirate Syndicate Works
The Pirate Syndicate is divided into three core sections, each serving a distinct purpose:
The Pirate’s Tavern (Chatting)
A lively and interactive space where pirates from around the world gather to share ideas, swap stories, let loose and build connections. The Pirate’s Tavern is the heart of the Syndicate’s social life, fostering camaraderie and keeping the adventurous spirit alive.
The Crew’s Ledger (Updates)
The official logbook of the Syndicate, this section serves as a read-only space for major updates. Here, the team and key members post essential information, including:
Financial summaries of the Treasure Island (community wallet).
Progress reports on projects and ventures.
Announcements about upcoming events and key milestones.
The Crew’s Ledger ensures transparency and keeps everyone informed about the club’s direction.
The Compass Room (Voting)
The decision-making hub where members steer the ship together. In the Compass Room, Staked Token or NFT holders vote on upcoming projects, event locations, and more, using a simple thumbs-up, thumbs-down, or neutral system.
Voting & Governance Rights
1) Staked Pirate coin Holders:
Every 10 Million Staked Pirate Coins will represent 1 vote.
Eg 1: 10,000,000 Pirate Coin Staked = 1 Vote;
Eg 2: 80,000,000 Pirate Coin Staked = 8 Votes.
There are no fractional votes and no rounding up.
Eg 3: 15,000,000 Pirate Coing Staked = 1 Vote - there is no 1.5 vote.
Eg 4: 9,999,999 Pirate coin Staked = 0 votes - you must have at least 10 million staked.
2) NFT Holders
Every NFT will represent 1 vote. There will be no "extra" votes for holding many NFTs.
Eg 5: 1 NFT= 1 vote
Eg 6: 20 NFTs= 20 votes
Why the Pirate Syndicate?
The Pirate Syndicate is more than a governance model; it’s a dynamic and innovative approach to blending inclusivity with focus. By giving holders a voice while maintaining structure, it ensures that the club thrives as a community while staying aligned with its long-term vision.
Whether you’re mingling in the Pirate’s Tavern, staying updated through the Crew’s Ledger, or casting votes in the Compass Room, your voice matters. Together, we’ll shape the future of Modern Pirates Club, one bold adventure at a time.
Transparency for Treasure Island (Community Wallet)
At the core of the Pirate Syndicate is the Treasure Island, a community wallet that funds the club’s projects, rewards, and initiatives. Everyone will have access to view the wallet’s holdings in SOL, BTC, and USDC, ensuring complete transparency, and incentivising non club members to want to join.
Read more about Treasure Island here.
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