Constitutional Republic DAOs: An Open Brainstorm

This is an open brainstorm for a whitepaper I'm intending on writing, and as I am very much a beginner at blockchain development, I am hoping for constructive criticisms from people more knowledgeable than I am. Also, this is not a "make money" project; this is unapologetically about rebuilding the culture of the internet.

The Outline

The key problem with web communities today is that they are autocratic, with members having virtually no control over a community's choice in hosting, administration and moderation staff, and community finances. Current blockchain governances operate with ownership models, which are appropriate for businesses, but not for community governments which are open to the public.

This project aims to create a membership-governed DAO as the backbone for a web community by using the following principles:

• Members earn fungible tokens by participating in the community. (Proof of participation content mining.)

• Members may spend their fungible tokens to rent governance tokens from the DAO's base smart contract. The DAO is considered to own its own governance tokens, which it rents out to its membership in exchange for funding.

• Members may use their governance tokens to vote on community governance, such as voting on hosting solutions, rules changes, and placing elected positions in the community's government, such as admin positions. Admins may then appoint moderators. A more complex constitution can include positions outside this, such as representation in a legislature, or to compensate members for fact-checking political claims rather than relying on external fact-checkers.

• The community's government uses the funds collected from subscriptions to pay members for hosting the community or for taking elected or appointed positions.

• Community discipline can be maintained with restitution fees. When you break the rules, you must pay a fine in Fungible Tokens which will be paid to anyone you harmed with your behavior. Failing to do this means you will be locked out of community governance.

The purpose here is to create a web community which operates like a constitutional democratic republic, and is secured with a public ledger blockchain. I think that it is far more practical to incentivise members to host their own community with token rewards because members are likely to be available and to offer lower than market hosting costs. Obviously, this requires very low transaction fees to function, but I need some opinions on other practical elements of the DAO's design:

• 1. Is issuing the Fungible Token as a reward for community participation rather than as an exchange for money enough to not be considered a security?
• 2. I am not sure how to implement a rental agreement in a smart contract. Is this possible? Would it be better for a new token to be issued and old governance tokens to expire?
• 3. The way such a community would distinguish between members is presumably with wallet addresses. This means that multiple accounts will be an issue. Can tokenomics be designed to make multiple accounts a manageable problem?
• 4. How much of a smart contract does the DAO actually need? Can you write a constitution a la the US Constitution and use the smart contract to verify it's application (so the constitution can be amended) rather than having an immutable smart contract?

I am looking forward to your comments.