Hi ICP Community ,
As our SNS decentralization swap progresses, we want to lay out an updated allocation framework for raised funds, deliver complete clarity on our social impact initiatives, and directly address persistent false narratives targeting our project.
1. Allocation of SNS Swap Capital: 99% DAO Treasury / 1% Direct Impact
To demonstrate absolute alignment with the long-term sustainability of DOXAUSD and the Internet Computer ecosystem, we are solidifying the deployment structure for raised ICP proceeds:
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99% Committed to DAO Treasury Controls:
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On-Chain Canister Security: 99% of all raised ICP remains held under strict, permissionless SNS DAO canister control. The core team receives 0% liquid cash-out from the swap raise.
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NNS Staking Rewards Loop: The raised ICP held in the DAO treasury will be staked directly into long-term NNS neurons to generate continuous NNS governance rewards. This yield will serve as a perpetual reserve engine to fund protocol development, subsidize DUSD staker yields, and maintain long-term DAO runway without diluting DOXA token supply.
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The core team receives 0% liquid cash-out from the swap raise.
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1% Grassroots Social Impact (Kisenyi & Katwe, Kampala):
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1% of raised funds is directly dedicated to social impact initiatives aimed at taking vulnerable street children off the streets in the Kisenyi and Katwe slums of downtown Kampala, Uganda.
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Funds will provide shelter, food, basic healthcare, and vocational/tech skills training to give these children a real chance at a self-sustaining future.
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Every expenditure under this 1% initiative will be published with receipts and field progress reports published.
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2. Compliance & U.S. Participation Guidance
We are committed to strict legal clarity and responsible protocol growth:
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DOXA Governance Token Utility: DOXA is strictly a protocol governance token granting holders voting power over canister upgrades, risk parameters, and treasury execution. It does not represent equity, debt, or profit-sharing claims in any entity.
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U.S. Access Restrictions: To protect protocol integrity and adhere to evolving cross-border stablecoin standards (including payment stablecoin frameworks like the GENIUS Act), direct DUSD minting/redemption, and tokenized reserve yield structures will be geo-fenced for U.S. residents.However the Swap is open to us investors and there will be no barriers for them to participatein the swap purposes of open access to everyone a vision we hold.
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Entity & Custody Structure: The DOXA Foundation operates strictly as an open-source research entity. Upon completion of the SNS swap, 100% of smart contract control, minter canisters, and reserve parameters transition permanently to the SNS DAO.
3. Operational Roadmap Post-Swap
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Liquidity: Deploy treasury ICP into ICPSwap liquidity pool for ICP/DOXA creating deeper markets.
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USDY integration: Build ICP Chain Fusion infrastructure to bring Ondo USDY onto ICP as
ckUSDy, intended to become a major reserve asset. -
collateral change: Upgrade the DUSD minter to have ondoās
ckUSDy, with a proposed 100%ckUSDyreserve structure. -
Reserve economics:
ckUSDyprovides Treasury/RWA yield, The roadmap proposes routing part of the yield toward the protocol reserve and DOXA buyback/burn. -
AI agents:The roadmap includes machine-to-machine payments, AI-agent micropayments, automated settlements, API and compute payments, cross-border transactions, and agent-to-agent commerce.
4. Addressing Misinformation, FUD, and Malicious Accounts
Building open, homegrown Web3 public infrastructure on ICP often attracts bad-faith noise. We urge the community to recognize false narratives pushed by bad actors:
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Zero Founders Cash-Out: Contrary to accusations spread by bad-faith accounts, the core team cannot ādumpā or run off with funds. 99% of raised ICP goes directly into DAO treasury canisters, and 100% of team tokens are locked under multi-year vesting schedules with long cliffs.
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Verifiable Infrastructure & Grants: DOXA is a recognized DFINITY Ecosystem Grant project (Grant ID: 60003584), an officially registered non-profit foundation, and the winner of the 2025 Bizthon award. Our codebase is published under the Doxa Community Source License (DCOS).
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A Call to the Community: Watch out for malicious actors pushing unfounded FUD to distract from protocol milestones. Look at verified on-chain canisters, open code repositories, and governance proposals rather than anonymous forum attacks.
Doxa Foundation Team .