One of the more important organisations under the TVVIN umbrella is its DAO, or Decentralised Autonomous Organisation. As the name suggests, a DAO is an organisation with a decentralised and transparent management structure where members organise among themselves to govern and direct organisational efforts. Beyond tokenisation, TVVIN recognises the great potential offered by blockchain technology, including the benefits of decentralised decision-making and global collaboration.
TVVIN DAO
The TVVIN DAO will effectively represent TVVIN’s member base, and will act as an internal voice. Though membership requirements for the DAO are under consideration, one will be the possession of TVVIX, TVVIN’s native platform token.
TVVIX holders may participate in the DAO and help guide decisions for the evolution of TVVIN; from developing educational resources, to guiding decisions around fee structures and future tokenisation efforts. TVVIX token utility will also be greatly expanded by the DAO as it will likely be one of the means for contributor compensation, fostering a thriving internal DAO economy and innovative funding mechanisms that promote inclusion regardless of nationality or geographic location.
Foundational governance mechanisms will be established initially, likely to include token-weighted voting with additional mechanisms to curb disproportionate representation of individuals with large TVVIX reserves. These initial governance mechanisms can be built upon by the community as a living and ever-evolving means of self-governance and internal decision-making for TVVIN.
The idea of a DAO is still relatively new, so legal and regulatory frameworks around the world are still catching up, creating legislation to accommodate the existence and operation of DAOs. One of the biggest issues DAOs face currently is one of compliance. Either laws don’t exist, within which a DAO and its membership may safely operate, or the existing laws don’t fully apply. In large part, a DAO’s barrier to legal compliance is one of its greatest assets: decentralisation. DAOs operate independent of geographic location or jurisdiction as membership can, and often does, span the globe.
The TVVIN DAO is not intended to be limited to citizens of a specific geographic region or nation state. In order to accommodate truly decentralised operations in a compliant manner, the DAO will have a close connection to one of the most important organisations under the TVVIN umbrella.
The TVVIN Foundation: TVVIN (Cayman) Limited
Operating under the Cayman Companies Foundation Law of 2017 (CCFL2017), the TVVIN Foundation holds the formal legal wrapper for organisations within the TVVIN conglomerate. Per CCFL2017, the Foundation will operate without legal owners and will act as executor of DAO decisions. The existence of the Foundation, as such, permits the DAO to exist without ownership or centralised directorship, and alleviates the need for the DAO to obtain a legal wrapper.
The Foundation will not blindly execute on behalf of the DAO, but will ensure it acts in accordance with its mandate, in the best interests of the TVVIN ecosystem, and in compliance with Cayman law. In this way, the Foundation will not present undue barrier or resistance to DAO decisions, nor will it contradict the purpose or integrity of the DAO.
The relationship between the TVVIN DAO and Foundation is one of symbiosis. The DAO benefits from the legal footprint provided by the Foundation, and the Foundation benefits from the vibrant community and innovation DAOs cultivate.
About TVVIN
TVVIN is a leader in tokenising Real-World Assets (RWAs), utilising military-grade security for its omni-chain platform. TVVIN delivers RWAs, such as gold and silver, as easily tradable tokens with yield-generating potential and our innovation offers a new and unique financial model, combining the stability from timeless assets with the efficiency and opportunities that blockchain provides.
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