Love this! Curious your thoughts on this: isn't one problem with the Panama Foundation is that it requires DAOs to have a board of directors, which most DAOs won't want to do? Thanks!!
Thank you! You are correct, Panama Foundations require DAOs to have a councilor or a board of councilors to oversee day-to-day activities. However, the founder(s) can determine the council's rights. I moved this point from Panama's Registration Requirements to the Cons section for better clarity. Good catch!
Love this! Curious your thoughts on this: isn't one problem with the Panama Foundation is that it requires DAOs to have a board of directors, which most DAOs won't want to do? Thanks!!
Thank you! You are correct, Panama Foundations require DAOs to have a councilor or a board of councilors to oversee day-to-day activities. However, the founder(s) can determine the council's rights. I moved this point from Panama's Registration Requirements to the Cons section for better clarity. Good catch!