Lightchain AI opened voting on September 13, 2026, on a proposal to appoint five community members to operate a wallet for approved project expenses. Transactions would require approval from three signers, distributing control over payments that may involve currency conversions, invoices, or completed work.
The proposal names LuukyGaming, Running Rabbit, Ink Arcana, Badfish, and Smoke & A Lightchain, subject to identity verification. It also requests 45,000 LCAI tokens to reimburse a community member who paid 50 USDT to fund the identity-verification account. Voting closes September 20.
Lightchain AI is developing a blockchain for artificial intelligence applications. Its decentralized autonomous organization (DAO) lets token holders participate in governance votes covering project decisions and treasury spending. The proposed signers would execute authorized payments without gaining independent authority to approve new spending.
The appointment follows an earlier proposal, executed September 8, establishing the payment wallet. The wallet would hold funds belonging to Lightchain’s Decentralized Unincorporated Nonprofit Association (DUNA), the legal structure that connects its community governance to real-world contracts and payments.
The wallet would temporarily hold funds allocated through separate governance votes. Signers could convert those funds into stablecoins or fiat currency when authorized and release payments after invoices, delivery requirements, or contractual milestones are satisfied.
The original proposal said money awaiting payment might otherwise sit in wallets controlled by individual community members. Requiring three signers to approve each transaction would prevent one person from moving those funds alone.
Signers must review payment amounts, recipients, and supporting documentation. Anyone with a material conflict of interest must abstain, including from payments to themselves, while the three-signature requirement remains unchanged. Excess funds must be returned to the treasury.
Lightchain has already reported expenses involving conversions and staged payments. In June, its administrator, Quantum Counsel LLC, said it paid BitMart $5,000 toward an approved $30,000 listing fee after selling LCAI to fund the payment.
The five candidates received the highest totals in a community nomination vote involving 11 candidates. Before becoming active signers, they must complete identity-document, facial, address, and anti-money-laundering checks through verification provider Didit, alongside a separate transaction confirming control of their signing wallets.
The proposal says the DUNA team would receive only verification results, a country grouping, and the submitted wallet address. Signers would not have to disclose their real-world identities publicly.
A community member identified as Ingratiation has already funded the Didit account with 50 USDT, according to the proposal. Didit’s billing documentation specifies a $50 minimum top-up. The proposal estimates testing and signer verification will cost $10, leaving the remaining provider credit available for future authorized checks.
The wallet is expected to become operational within one week after proposal execution, provided verification and configuration are complete. Any candidate who fails verification would require a replacement approved through a separate DAO proposal.
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