Fixed-term Grant Elections: Periodically, the governance token holders will elect eligible beneficiaries to receive fixed-term grants. Throughout the period of a year, there will be monthly, quarterly, and yearly fixed-term grants awarded to beneficiaries through a quasi-quadratic voting process. Of the top-ranking beneficiaries, only a certain number of eligible beneficiaries will be awarded a grant. The number of beneficiaries awarded the grant depends on the length of the grant term and the grant parameters defined in the smart contract. The grant may be awarded using some degree of randomness according to the configuration of the smart contract. This hybrid approach acknowledges Arrow’s theorem, which highlights the imperfection of any ranked voting system, and it further aims to combine merit, popularity, and potential randomness to reduce the undue influence of over-represented stakeholders dominating the results of awarded grants. This configurable approach allows less mainstream projects, or what may be considered to be “entrepreneurial public goods” a chance to receive funding. Further rules and explanations: a. Eligible beneficiaries will not be allowed to apply for more than one grant at a time. b. An eligible beneficiary may not be awarded a fixed-term grant if that eligible beneficiary has been awarded a grant and the awarded grant term is currently active. For example, if a beneficiary has been awarded a one-year grant, then it is not eligible to be awarded another grant for the duration of the year.