This was a “call to participation” requesting the Community organize and lead the initiative to establish a governance framework, on-chain decision-making, and a community treasury. The signers were in agreement with the vision cast by Illia at ETHCC. The Governance Working Group (GWG) has assembled to meet the call, and it is community-driven.
One realization we quickly had in the GWG is that we need a glossary of terms that defines words we all use but may not have consensus on, like “Community.” What does Community mean?
community = the people building, using, investing, and collaborating on NEAR
So in that sense, the signers are part of the community.
There are no specific funds allocated by the NF at this time. There was originally a proposal for 139M NEAR, but it was decided that pragmatic decentralization would be a better approach.
The treasury is the Community Treasury that will be governed by governing bodies as proposed by the GWG and adopted by the Ecosystem. The GWG is working to define a governance model for the Ecosystem, with the goal of the broadest community participation possible.
The first draft of the NEAR Constitution that outlines the governing bodies has been published for broader community review and comment.
[NEAR Constitution V1 [Feedback Requested!]](https://NEAR Constitution Draft)
How does the GWG intend to engage the broader community? We have two workgroups, Community Engagement, and Communications, that have been drafting plans to best engage the community in the broadest sense possible.
I hope this provides some clarity, it’s a very large topic, and the Governance Working Group (GWG) is working to “make it feel simple” and easy to communicate. Of course, as a community initiative, we need more contributors (authors, reviewers, communicators, PMs, etc.), so please consider joining and providing your expertise. We are working to have bounties for contributors.