notes
- Fractional Finance is not FrabicDAO
- FrabricDAO is responsible for running the protocol
- It’s also a legal corporate entity
- It may depend on Fractional Finance for IP, but may depend on other orgs as well
- FrabricDAO has it’s own distinct legal entity
- Fractional Finance is a Service Provider to the FrabricDAO organization
- Hats Finance and Immunefi are going to be involved
- We should standardize our systems across the board
- the ability to launch on a private chain with centralized authorization along with a completely decentralized solution
- Transaction Reversibility might actually be useful and practical
Ideal Step by Step Process
- Fractional Finance builds the technology needed by the DAO
- Fractional Finance IP is proprietary, but has the ability for sub-licensing
- The FrabricDAO launches legally, and uses the Fractional Finance DAO template contract to launch
- FrabricDAO and Fractional Finance enters into an agreement between FF and FrabricDAO
- devco / DAO transaction outline
Fractional Finance - Action Items
- What is the FrabricDAO minimum requirements for licensing?
- Tokenomics, sales & distributions
- Setup KPI Option token based TX with FrabricDAO
- Figure out community location for FF
FrabricDAO - Action Items
- Legal Entity of the FrabricDAO
- Reach out to the SuperUman team to help coordinate and setup the DAO
- Transaction agreements between Fractional Finance and the FrabricDAO
- What is the minimum Fractional Finance minimum requirements for implementing the licensing devco / DAO transaction?
- Determine relationship requirements for direct engagements vs. asking FF to act on our behalf
- DAO Constating Documents, Constitution; Charter, Bylaws
- Figure out community location for FrabricDAO
devco / DAO transaction outline
- 2 - 3 year agreement
- ability to terminate the agreement
- limits to the use of intellectual property
- exclusive licensing