BuilderDAO is dedicated to the creation and development of free and accessible DAO infrastructure as a public good. BuilderDAO established an Unincorporated Nonprofit Association (UNA) in Wyoming for its US operations on November 15, 2022. The UNA structure provides the following benefits:
- Limited liability protection for members
- Anonymous participation
- Ability to interface and transact with non-crypto-native parties IRL
- Alignment with the DAO members’ common public good purpose
- Structural and regulatory clarity
The UNA’s operations are subject to applicable law, including US federal, state and international tax laws.
Any person who acquires and uses a BuilderDAO NFT to participate in the governance and operations of BuilderDAO agrees to be a member of its entity structure.
Each BuilderDAO NFT provides an equal right to participate in the governance of the DAO and to vote on how funds in the DAO treasury are distributed. However, members have no claim to or ownership rights of the property of the DAO, including the funds in the DAO treasury.
Although members of the DAO may remain anonymous, all conveyances of value from the DAO shall comply with informational reporting required by law.
For further details, please see Builder’s launch proposal and UNA Membership Agreement here and the metadata of each BuilderDAO NFT.