Foundation Guide (BBS-Coin)

This document describes the minimal responsibilities of the BBS-Coin Foundation. It intentionally focuses on onboarding sysops and funding distributors, which are the only required operational tasks today.

Governance, DAO mechanics, and long-term policy are intentionally left lightweight and evolutionary.

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1. Role of the Foundation

The Foundation exists to:
• Maintain neutral custody of mint authority
• Prevent any single BBS from controlling supply
• Onboard new BBSes fairly
• Fund distributors transparently

The Foundation does not:
• Run a BBS
• Allocate rewards to users
• Decide how sysops award points

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1. Ownership & Control Model

Safe Ownership (Recommended)

The Foundation controls:
• BbsTreasury
• DistributorRegistry

via a Gnosis Safe on Polygon.

Current state:
• Single signer (bootstrap phase)
• Designed to expand to multi-signer

This is not centralization by design, but a temporary operational reality.

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1. Onboarding a New Sysop (Priority #1)

Inputs from Sysop
• Sysop owner wallet (EOA or Safe)
• BBS identifier (domain or name)
• Optional metadata URL

Actions Taken by Foundation
1. Deploy distributor

BbsTreasury.deployDistributor(sysopOwner, bbsId, metadataURI)

2.  Register distributor

DistributorRegistry.register(...)

3.  Enable distributor

BbsTreasury.setDistributorEnabled(distributor, true)

The sysop now controls epoch publishing.

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1. Funding Distributors (Priority #2)

Minting

Tokens are minted only to the Treasury:

BbsTreasury.mintToTreasury(amount)

Funding a Distributor

BbsTreasury.fundDistributor(distributor, amount)

Properties:
• All funding is explicit and auditable
• Lifetime funding is tracked on-chain
• Distributors cannot mint

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1. Emergency Powers (Rare)

If a sysop key is compromised or a severe error occurs:

BbsTreasury.revokeFromDistributor(distributor, amount)

This should be:
• Rare
• Publicly explained
• Used only to protect users

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1. Current Governance Reality

Today:
• Governance is human
• Decisions are social
• Execution is on-chain

Future options (non-binding):
• Multi-sig expansion
• Advisory councils
• Token-based signaling

No DAO is required for BBS-Coin to function.

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Summary

The Foundation exists to make BBS-Coin boring, predictable, and fair.

If sysops can onboard easily and users can trust the system, the Foundation is doing its job.

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