- What is Trusted Seed?
- Why is Trusted Seed important?
- Why a Swiss Association?
- How to become a Trusted Seed member?
- What are the benefits of being a Trusted Seed member?
- $TRUST: a soulbound reputation token
- How can I earn $TRUST?
- What are the responsibilities of being a member?
- Trusted Seed dashboard
A fine tilth, that perfect seedbed, takes time and care. When selecting seeds, several parameters are considered, like physical purity, moisture content, viability, germination, and seed health. As they start seeding, it is the gardener's responsibility to nourish the soil and protect them from plagues, diseases, etc. Trusted Seed is a growing, healthy community that can provide abundance to future Commons and shade to those who want to build public goods. Commons Stack represents the soil to experiment, grow and multiply collaborative economic connections. Trusted Seed, deeply rooted in the Commons Stack culture, is ready to shoot up and provide value not only in our community but also across the larger blockchain ecosystem.
What is Trusted Seed?
Trusted Seed is a Swiss Association that supports early-stage regenerative economies culturally and financially. Created in 2019, it has been a reputable network of trusted actors who apply wisdom, expertise, and capital to early-stage crypto communities committed to creating regenerative microeconomies for public goods through token engineering and DAO governance.
As it continues to extend its branches to different ecosystems within the ReFi cosmos, the Trusted Seed members aim to create value, take part in collaborative economics and sustainably fund public goods while generating a reputation across the blockchain.
Why is Trusted Seed important?
When designing cryptoeconomic networks, we must consider more than just the technical parts (e.g. well-documented code & audited smart contracts), and account for the cultural aspects as well (e.g. aligned participants & thoughtful processes). The initial conditions for both must be taken very seriously, and Trusted Seed is a key cultural initialization tool for blockchain networks, as evidenced by the many projects researching how best to approach their design.
Imagine what would have happened to Bitcoin if Satoshi had cared more about profits than the underlying value of the Bitcoin network. If they had cashed out in 2011, where would the cryptocurrency community be? All successful blockchain networks have been propelled by a group of people that care more about building a useful network than taking profits. Satoshi is the benevolent whale of Bitcoin, just as the Ethereum Foundation and other early ether holders are for Ethereum. These trusted groups were needed while these networks were young and small; however, now that both Ethereum and Bitcoin have reached a sufficient level of decentralization and proven their value, they would still survive even if Satoshi liquidated his bitcoin, or Vitalik went rogue.
For these reasons, Commons Stack has established Trusted Seed: a group of trusted community members that hold the non-transferable $TRUST token, representing their reputation within Commons Stack. The members of Trusted Seed are offering more than just contributions to Commons Stack — they form a reputable network of trusted actors with skin in the game who can lend their wisdom and expertise to make good decisions in the early stages of a Commons’ governance.
Why a Swiss Association?
The DAO space is expanding at a rapid rate, and many DAO participants are unknowingly entering into general partnerships, which come with their own set of required considerations. For one, DAO members could be held individually liable for actions of other DAO members that are done in the name of the DAO. By joining the Trusted Seed’s legal Swiss Association, you will have mutual aid for some of the potential risks involved with a general partnership.
Benefits of being a Swiss Association:
1. Legal entity with simple constitutional requirements
2. Members, not investors
3. Global membership available to all
One of the purposes of Trusted Seed is to help design, simulate and create commons-based regenerative microeconomies to sustain public goods through incentive alignment, continuous funding and community governance. Every Trusted Seed member is encouraged to participate in projects and DAOs that are aligned with this goal, such as Token Engineering Commons (TEC) and now, Grassroots Economics Commons (GEC). However, as mentioned earlier, DAO members might incur potential risks from their participation in such projects. To strengthen our goal and push it forward, Trusted Seed provides financial support to our members who suffer a financial loss as the result of a legal proceeding against them due to participation in or membership in such DAOs.
Trusted Seed considers itself a mutual aid group that, in the case of any issues, will make a stand to protect its members acting in good faith from litigious action. We expect to make sure that a legal precedent is set that working in DAOs pushing the boundaries of public good creation is heroes' work.
Imagine if the TEC, the first community to use the Commons Stack design pattern, does a design audit on a project’s token economy, and the audit suggests that the economic design has critical flaws and the price of their token drops. If the core team of the audited project was so inclined, they could claim that the audit is defamation and sue individual members of the TEC for damages (especially the Hatchers and stewards of the community), since they are general partners that participated in the founding and operation of the DAO. However, since they are also members of the Trusted Seed, the legal Swiss Association is prepared to fight for its members in situations like this. If they attack one of us, they attack all of us.
How to become a Trusted Seed member?
The first step is to apply to become a Trusted Seed member. The Gardeners — the curators and community builders of Trusted Seed — will then review your application. Once you’ve been accepted, you can proceed to activate your annual membership by sending 450 XDAI or more to our Giveth project to receive your initial TRUST score and continue building it with your contributions to Trusted Seed and Commons Stack.
For a detailed step-by-step guide, check this link.
What are the benefits of being a Trusted Seed member?
- Participation in future Commons Hatches and governance.
- Legal mutual aid program.
- Connection to a curated network of value-driven individuals.
- Trusted Seed swag.
- $TRUST increase.
You will have exclusive access to upcoming Commons Hatches at Commons Stack, enabling you to help design, fund, and govern future Commons economies and participate in their collaborative economic decision-making. The Hatch phase can be considered the initialization of the Commons, where a group of trusted community initiators come together and make the initial decisions on how the Commons will be set up.
The Trusted Seed membership gives you the opportunity to become a founding member of many future Commons and gain first-hand knowledge and experience with Commons creation. Check out the next Commons: Grassroots Economics Commons.
In the event that legal issues arise, you are entitled to CHF 10,000 from the Trusted Seed’s holdings, and on top of that, we will rally the wider community to support you in your fight to be able to act in a good faith within Qualifying DAOs. Pool Together was supported by the wider community to support their fight against a frivolous lawsuit, and the Trusted Seed expects to take similar methods to support our members and make a legal positive precedent for our community. See the terms and conditions here.
You will have a space to connect, engage and collaborate with other Trusted Seed members who are obsessed with bringing value to regenerative economies and public goods. In July this year, our community members gathered at the first Trusted Seed Picnic during ETHCC week in Paris for real-life conversations around public goods and Web3.
You will get free items from our new TS Swag Shop. In the near future, those who activate their membership will receive $TSLOVE to claim 2 products from the new store. Stay tuned for more details!
You will increase your TRUST Score ($TRUST), the non-transferrable reputation token of Trusted Seed.
$TRUST: a soulbound reputation token
Your TRUST score is a non-transferrable reputation score represented by the $TRUST token. It represents the “skin in the game” value-driven members of Trusted Seed have put towards advancing regen economies in our community. Learn more.
Anyone holding $TRUST is a member of Trusted Seed.
How can I earn $TRUST?
Existing members of Trusted Seed can increase their TRUST score by:
- Financially supporting Trusted Seed: Anytime members pay membership contributions, they receive a score increase, and the more they contribute, the larger the increase. In order to perform our objectives, Trusted Seed is dependent on members paying their membership contributions.
- Getting “Praise”: When people help us and various other communities in our circle advance towards our shared goals, the Trusted Seed community recognizes these contributions by dishing Praise in Commons Stack’s Discord channel which then in turn increases TRUST scores. For example, you can receive Praise when you support building our open-source library of tools — such as Praise, Commons Market Maker (formerly “Augmented Bonding Curve”), and Conviction Voting — used by purpose-driven communities united around public goods.
What are the responsibilities of being a member?
To become a member, you must first apply. Once you have been accepted to officially become a member of the Trusted Seed Swiss Association, you must send 450 XDAI or more to our project on Giveth. This will give you 12 months of membership with all the benefits. The membership can be renewed annually to continue enjoying the benefits.
We want to maintain an active healthy responsive community. Upon the approach of your membership renewal date, we will send notices to renew. Members who choose not to renew their membership will have their membership terminated and the status changes to Inactive. The reputation score in $TRUST tokens will be recorded in our registry as pending and the tokens will be burned.
Don’t worry though! If you fail to renew, your TRUST score is recoverable. The Trusted Seed Gardeners will keep track of your TRUST score on-chain so that when you reactivate in the future, your previous amount of $TRUST will be restored and you will be able to enjoy the full benefits of being a Trusted Seed member again.
Holding $TRUST also means having the power to help Commons Stack choose the next Commons and design its token economy in a collaborative approach. Trusted Seed members are highly encouraged to participate in the governance of future Commons and other existing DAOs that recognize and welcome the value of Trusted Seed.
Membership in the Trusted Seed can be revoked. If any member of the Trusted Seed begins displaying a pattern of extracting profits from the Commons/DAOs they join, to the substantial detriment of those communities, that member will be subject to a system of graduated sanctions, the most severe of which could be the revocation of their TRUST Score.
Trusted Seed dashboard
We are very happy to share that the new Trusted Seed dashboard is live! It is a one-stop page that will allow Trusted Seed members to activate or manage their membership, find their membership details and their current status, see their TRUST score and $TSLOVE balance, have access to the updated list of current members, stay up-to-date on the latest news about the Trusted Seed community, and much more!
Ready to become a Trusted Seed member? Follow the steps in this guide.
For more information, you may reach out to our Trusted Seed Gardeners: mafer_cordovas#1034 and Yineisy Mota#1449 on Discord.
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Some parts of this article are taken from the legacy article, co-authored by Jeff Emmett and Griff Green, that reflects the base nutrients upon which Trusted Seed has grown and the old Trusted Seed membership guide created by Kris Jones - huge praise to them! Also special thanks to Mafer, Ivy, Griff and Yineisy for contributing to this newer article.
If you want to get more involved, there are several ways to engage with Trusted Seed and the community:
🌏 Explore our website
💝 Donate to our project on Giveth
🐦 Follow the latest news, updates & events on Twitter
🗣️ Join the conversation on Commons Stack’s Discord