Article I: Name and Purpose

1.1 Name

The name of this organization shall be the Axiom Protocol Private Membership Association Trust, hereinafter referred to as "the Association" or "Axiom PMA Trust."

1.2 Purpose

The Association is organized exclusively for the following purposes:

To provide a private platform for members to engage in blockchain-based activities
To facilitate decentralized governance and community decision-making
To enable members to access financial services within the private association
To promote education about blockchain technology and decentralized systems
To support the development of the Axiom ecosystem

Article II: Membership

2.1 Classes of Membership

Founding Members

Members who join during the initial formation period (prior to TGE).

• Enhanced voting power (2x standard weight)
• Priority access to new features and services
• Eligibility for Protector Council positions
• Recognition in perpetuity as Founding Members

Standard Members

Regular members admitted after the formation period.

• Full voting rights on operational matters
• Access to all member services and products
• Eligibility for committee participation
• Proposal submission rights

Associate Members

Limited membership for specific use cases.

• Access to specified services only
• No voting rights
• May upgrade to Standard membership

2.2 Admission Requirements

To be admitted as a Member, an applicant must:

Complete the membership application in full
Agree to the Declaration of Trust, these Bylaws, and the Membership Agreement
Provide valid identification as required
Pay any applicable membership fees
Receive approval from the Board of Trustees or designated committee

2.3 Membership Fees

Membership fees, if any, shall be determined by the Board of Trustees and published on the Association's official website. Fees may vary by membership class and may be waived at the Board's discretion.

2.4 Termination of Membership

Membership may be terminated:

By voluntary resignation with written notice
By expulsion for violation of Association rules (requires 2/3 Board vote)
For failure to maintain membership requirements
Upon death or dissolution (for entity members)

Article III: Governance

3.1 Board of Trustees

The Board of Trustees shall consist of 3 to 9 members, serving staggered 3-year terms.

Qualifications

• Must be a Member in good standing
• Minimum 1 year of membership
• No conflicts of interest
• Demonstrated commitment to Association

Election Process

• Nomination period: 30 days
• Voting period: 14 days
• On-chain voting with token-weighted system
• Plurality wins, minimum 10% participation

3.2 Officers

The Board shall appoint the following officers:

👤

Chair:Presides over meetings, represents Association externally

📋

Secretary:Maintains records, handles correspondence

💰

Treasurer:Oversees finances, manages Treasury operations

3.3 Meetings

Annual Meeting: Held within 90 days of fiscal year end
Regular Meetings: Monthly, or as determined by the Board
Special Meetings: Called by Chair, majority of Board, or 10% of Members
Quorum: Majority of Board members for Board meetings; 5% of Members for Member meetings

Article IV: Voting

4.1 Voting Rights

Voting rights are distributed as follows:

Each Member's voting power is determined by their AXM token holdings, subject to the following modifiers:

Founding Members: 2x voting weight
Staked tokens: Additional weight based on lock duration
Maximum cap: No single Member may control more than 10% of total votes

4.2 Proposal Process

Submission: Any Member may submit a proposal with required token threshold
Review: 7-day review period for community discussion
Voting: 7-day voting period with on-chain execution
Implementation: Passed proposals executed automatically or by designated parties

4.3 Approval Thresholds

Simple Majority (50%+1)

• Operational decisions
• Budget allocations under $100K
• Committee appointments

Supermajority (66.7%)

• Bylaw amendments
• Major partnerships
• Budget allocations over $100K

Article V: Amendments

These Bylaws may be amended by:

Proposal submitted by Board of Trustees or 5% of Members
30-day notice period to all Members
Approval by 66.7% supermajority vote
No amendment shall conflict with the Declaration of Trust

Bylaws