> For the complete documentation index, see [llms.txt](https://docs.builtbydao.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.builtbydao.com/getting-started/how-it-works.md). # How It Works Built By DAO coordinates members, projects, housing, businesses, and governance through an off-chain operating dashboard and a pre-deployment v2 contract suite. The dashboard manages applications, evidence, workflows, and permissions; contracts provide shared custody, issuance, policy, and governance facts after confirmed transactions. {% hint style="warning" %} ## Pre-deployment V2 is not live. One fresh Base Sepolia rehearsal, validated 26-address manifest, and dashboard integration evidence are required before any separately approved production deployment. {% endhint %} ## 1. Join and establish standing A person applies, completes the relevant onboarding, and receives approval through the operating workflow. An authorized transaction can then mint one soul-bound membership credential at Seeker. Rank, good standing, and separate designations stay on that credential; rank progression updates it rather than replacing it. ## 2. Contribute with evidence Members choose scoped tasks or project work that states its expectations and settlement path. Approval alone does not automatically mint credits. Qualifying WORK issuance requires: * accepted evidence tied to the member and work class; * a rate inside current policy bounds; * the correct authorized recorder or ProjectFlow release; * live membership in good standing; and * confirmed contract execution. ProjectFlow can move an authorized WORK budget through cohort, epoch, and project custody before releasing it. The activity tracker records the release without minting twice. ## 3. Participate in Housing Loyalty A qualifying property stamps a Housing Loyalty rate for the lease term, normally within 5–15% and using 10% as the standard starting point. High-demand/high-cost properties tend toward the lower end; rural, lower-demand, or lease-up properties may support more. After a qualifying base-rent period is verified, RentalAndRebate can issue RENT EQTBLT once for that period. Rent remains a cash obligation. Credits are not automatic cash, legal equity, a property share, or a rent conversion. ## 4. Use credits in the closed loop EQTBLT retains WORK or RENT provenance and cannot be freely transferred or sold by members. Enabled SpendRouter lanes can move approved credits into DAO or active registered-business custody for uses such as housing, rent, commercial space, DaoAccess, or services/store activity. Some housing lanes require 180-day seasoning. There is no unrestricted member cash-out lane and spending does not burn the credits. ## 5. Govern through three houses Governance separates Contributor, Council, and Investor houses. A proposal category defines which houses must participate, sponsor rank, BLTBY stake, thresholds, quorum, target restrictions, and cooling-off period. Contributor power uses eligible WORK activity through the implemented square-root curve with bounded rank and tenure factors; small groups use one-member-one-vote. Council requires its designation plus good standing. Investor eligibility uses the separate verified investor credential. Every required non-empty house must independently consent. RENT does not create Contributor voting power. ## 6. Operate businesses and Treasury DAO-operated units keep isolated receipts, balances, refunds, revenue, and spend requests in DAOBusiness. Unit managers may request spending, while Treasury operations execute it. Treasury receives source-labeled, balance-backed revenue and applies proposal, daily, monthly, and reserve-floor rails to ordinary outflows. The BusinessCreditFacility can provide bounded reserve-funded liquidity to registered businesses. It is not a general member redemption mechanism. ## 7. Keep the tokens separate * **EQTBLT** is the soul-bound WORK/RENT credit ledger described above. * **BLTBY** is a capped transferable utility-token workstream for a future separately approved public launch. No live sale or market access is announced. * **The private offering** is an off-chain security and bundles neither token. InvestorTierNFT records verified eligibility; it is not the investment. ## 8. Confirm every state change The dashboard distinguishes prepared intent, wallet confirmation, broadcast, confirmation, replacement, and failure. Contract-backed state comes from the validated deployment manifest and reorg-aware event indexing. When a dependency is unavailable or v2 is not deployed, the relevant page shows pending or unavailable rather than simulated chain truth. ## Continue * [Membership](/membership/membership.md) * [Housing Loyalty](/housing-loyalty/equity-leases.md) * [Governance](/governance/governance.md) * [Token Economy](/token-economy/tokens.md) * [V2 Smart Contract Catalog](/developers/contracts.md) --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. 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