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!

what is the relationship between a DAO's DUNA and the ability for its membership/gov asset (eg a token) to accrue value either...

a) based on utility-driven demand (eg as a work token),
b) due to some kind of ~revenue sharing or dividend, and/or
c) due to a buyback & burn scheme

building /hatsprotocol | 
proudly mid-curving it since 1995

I'm primarily thinking about how the non-profit designation of a DUNA interacts with those categories

Broad strokes, the DAO token holders would comprise the DUNA.

1) Nothing in the DUNA would prohibit the governance token from rising in value due to market demand.
2) Distributions (particuarly dividends) are prohibited.
3) Buybacks are unproductive use of capital and likely prohibited under federal law.