Summary

This is a proposal for the formation of an operational company for the execution of the Coordination Working Group functions on behalf of VitaDAO - specifically execution of member services, finance, communications and service provider management functions.

Team

Todd White

Motivation

VitaDAO has been engaging with off-chain entities such as universities, and companies, using an “agent-centric” model to execute various agreements and engage in funding projects.

This has been a requirement so that legally recognized counterparties could execute the will of the VitaDAO community.

Operationally, VitaDAO has come to rely on these agents for a number of more mundane operational functions such as wiring funds to service providers, and maintaining KYC/AML compliance.

This burden has increased substantially over the past 8 months as VitaDAO activities have grown, and it is proposed that an operating entity - “VitaDAO Global Services”- be created to provide a limited liability entity to execute the operational functions of VitaDAO including the execution of member services, finance, communications and service provider management functions.

This entity will encapsulate and provide a legal entity and will act as the sole service provider to the VitaDAO community for these functions. It will not however hold any IP or assets of VitaDAO beyond the fiat and cryptocurrencies provided to it by the VitaDAO community to execute its operational functions thereby limiting its legal exposure.

Specification

A for-profit corporation, operating in Canada, with internal capacity to provide the following services:

• Service provider contract management.
• Finance and accounting services for VitaDAO and related projects (i.e. spin-off companies)
• Management and execution of the Member Services program of VitaDAO.
• Legal services.
• Fiat banking for VitaDAO (including crypto-exchange services).
• KYC/AML compliance for all functions within VitaDAO.

Implementation

If this proposal passes, the above company will be formed and any existing execution of operational functions will be transferred from VitaDAO’s network of agents to VitaDAO Global Services, Inc.

Success Metrics

• Reduced Operational Risks.

• Improved Coordination Execution.