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Data Security and Risk Mitigation

 

Overview

 

Data Protection:

 

User data, including KYC and transaction information, will be encrypted and stored in compliance with GDPR and CCPA standards.

 

Only authorized personnel or smart contracts may access sensitive information.

 

Risk Mitigation:

 

Regular penetration tests will be conducted on smart contracts and the DAO platform.

 

A bug bounty program will incentivize external security audits.

 

Emergency Response:

 

In the event of a hack or smart contract failure, the DAO may activate an emergency pause mechanism to suspend operations until resolved.

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Emergency Reserve Fund

 

Purpose: Ensure the DAO can respond effectively to unforeseen circumstances.

 

Allocation:

 

Automatically allocate 10% of monthly revenues to the fund.

 

Define conditions for fund use, such as cybersecurity incidents, liquidity crises, or operational emergencies.

 

Oversight:

 

Disbursements require approval from a multi-signature wallet with both founder and community representation.

© 2025 Grihd DAO LLC All Rights Reserved.

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