Ethereum

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings

DUNA AMA

@cowriellc and @milesjennings are talking about Wyoming's new legal entity for DAOs!

I’m building DAOs where the voting token is based on participation/ doing work and you can’t trade the token. Would i be able to distribute funds the DAO earns under DUNA model? also, how do you register the DAO as a DUNA

Given your facts - I would think the various cooperative models may well provide your project the most viable entity structure.  

Would look at TX UNA (specifically allows for co-ops) and CO LCA.

do these require board of directors? that’s the problem I normally run into. Thanks for your input @cowriellc @milesjennings

No board of directors. No officers. It functions just like a DAO.

Brass tacks - it would be hard for a tax exempt entity to operate without a board of directors.

But coops are not necessarily tax exempt and I can certainly think through a TX UNA structured as a coop w/o a board (I harp on Texas because of existing case law and the non profit definitions the TX UNAA is subject to)