Bell Rock glossary
Decentralised Autonomous Organisation
A blockchain-based organisation governed by its participants, often wrapped in a Cayman foundation company for legal personality.
A decentralised autonomous organisation coordinates decisions through technology and collective governance, often involving token-holder voting. Its legal status and participant liability depend on its arrangements and relevant jurisdictions. A Cayman foundation company can provide a legal entity for contracting, assets and governance, but does not automatically protect every participant or make every on-chain vote legally binding. The constitution, delegated powers and implementation process must connect community decisions to lawful corporate action.
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