Proposal to adopt the creation of the Indigo Foundation

:rocket: this is the beginning

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Looking forward to start using the APP

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Amazing things here, every proposal seems to be fair at this moment

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Seems like a logical step to me.

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A foundation-type entity is extremely important in decision-making, I think itโ€™s super responsible that the protocol is heading towards that. Congratulations.

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Amazing news! Congrats!

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nice, Caymans Islands should provide good flexibility for Indigo DAO.

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step in the right direction ! :+1:

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Foundation is done! Sky-scrapper to be erected next !!

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Incredible, massive congratulation.

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great. SO te legality of Indigo will be a corporate status?

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Congrats Team, Letโ€™s Goโ€‹:confetti_ball::tada:

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Definitely not the US. I wonder what other jurisdictions were considered

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Congrats team , lets gooo :fire: :fire: :fire:

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Gratz for everything. LFG

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Well done team, its all coming together now and promising to be one of the shining lights on the whole ecosystem :clap: :clap:

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The best course of action is just to post whatever questions you have - legally oriented or not - to the community. The legal members of the community - myself included - will assist when needed.

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Under these documents, the DAO can vote to wind-up the Caymans entity and appoint a different entity in a different jurisdiction to implement DAO votes. The process would likely involve an initial DAO vote to hire legal counsel to provide an opinion on current options and their pros and cons, and then a later DAO vote to implement any desired change. Each of those votes would include an allocation from the treasury for the Foundation to pay for the related costs.

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One more step towards decentralization, the more people participating the better for the ecosystem, letโ€™s spread the news!

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Excellent. Right now the DAO is still a new legal entity, the three pillars sound like a solid structure to build upon. Glad to hear these achievements, looking forward to each new step.

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