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A Legal Reserves Currency Empowering DAOs & Communities

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DAOs promise to transform business

DAOs are growing faster than ever.

  • ~ 4,300 DAOs
  • Total Market Capitalization - ~$21B
  • AUM of around $10B held by nearly 182 DAOs
  • 1.7M governance token holders

- January 2022 stats

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Yet despite their potential DAOs remain limited…

  • No legal standing & no legal protection
  • Inability to comply with AML & CFT regulations as a decentralized environment
  • DAOs can’t pay service providers in fiat without centralizing everything on one person
  • Service providers haven’t adopted crypto payments yet
  • Unlimited personal liabilities for developers and community members
  • Investor's assets at risk

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…Until now

We solve these problems by providing DAOs with:

  • Framework to operate in a manner of centralized entity while maintaining a significant level of decentralization
  • Legal representation
  • Payment and provision method that helps them maintain decentralization without risking any personal liabilities

WACEO AISBL is a DAO focused non-profit that gives blockchain-based projects access to the network of professionals to support them in developing a framework for compliance, legality, risk management and prevention in line with regulatory best practices.

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Who we are?

WACEO AISBL is a DAO focused non-profit organization based in Belgium, supporting blockchain-based projects in EU and globally.

We are a team of governance, legal, and regulatory compliance professionals whose aim is to enable and maintain a framework in which decentralized projects can interact compliantly with traditional world providers while maintaining a significant level of decentralization.

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Introducing WACEO Token: A Legal Reserves Currency

  • DAOs can swap their native token against the WACEO token to create legal reserves and use them as payment & provision for any future legal or compliance needs

  • WACEO token removes the need to use the stable coin or fiat and eliminates personal liabilities of the individuals

  • The holders of WACEO Token earn the ability to access a network of legal, tax, compliance, and other professionals to support them in navigating legal & regulatory challenges of the DeFi space

WACEO token is a community-driven, asset-backed decentralized legal reserve currency that aims to be a multichain accepted legal reserve currency.

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Shields Up! Event

  • A DAO can swap their native token against the WACEO token during the Shields Up! event and form legal reserves

  • The DAO token is added to the WACEO reserves with the goal to have diversified reserves of DAO tokens

  • The DAO can deploy their WACEO Token reserves and use them as a payment & provision method to meet their legal, compliance and other needs and eliminate personal liabilities when interacting with service providers

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Tokenomics

  • ERC20 token - initially available on EVM compatible chains, however, the goal is to deploy it on other chains, and become a multichain accepted legal reserves currency
  • Total Max Supply: 100 M

Our aim is to maximize the backing of the WACEO token via high value/reserves to achieve overcollateralized environment per the Monetary policy.

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Contributing to the development of the Web3 community is

what drives us

Source: 1) https://future.a16z.com/the-future-of-work-daos-crypto-networks/

Some of the initiatives we have in the pipeline:

  • UnRekt initiative: Aid compliance of DeFi and improve safety of the investors
  • Women W3mpowerment: Empowering women to join Web3 and improve inclusiveness

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UnRekt: Our contribution to the safety of the community

Source: 1) https://future.a16z.com/the-future-of-work-daos-crypto-networks/

UnRekt is an initiative that aims to clean up the dead coin market and help Rekt investors recover their losses.

  • Rekt investors would be able to exchange their dead assets (crypto, NFTs) for the WACEO token.
  • The accumulated reserves of the WACEO Token would be used to fund community efforts and litigation actions against the scammers.
  • Recovered funds would be distributed back to the community.

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Women W3mpowerment

Source: 1) https://future.a16z.com/the-future-of-work-daos-crypto-networks/

With just 4.13% female crypto founders compared to 25% women in tech, we aim to support the inclusion of more women in Web3 by:

  • Empowering women to transition to Web3
  • Providing education to female lawyers and propelling their ability to be involved in the industry
  • Targeting and educating underprivileged female groups on Web3
  • Collaborating with female-focused DAOs and supporting an inclusive ecosystem

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Get in touch

Aleksa Mil

aleksa@waceo.org