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DAO Components
Jason K. Willard edited this page Jan 5, 2022
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The mutual DAO is composed of smart contracts enacted by US legal entities for the benefit of Loci associates everywhere.
The DAO components include:
- Association of individuals (unincorporated)
- Mutual entities devoted to associates
- Texas corporation, sole DAO borrower, mutual owner of DAO property
- Delaware charitable corporation, guarantor of DAO indebtedness, mutual owner of DAO property
- Guardian SPE, holds DAO ownership in trust for mutual associates
- A private Co-trustee is the source of Loci Mutual legal opinions, and indemnifies all mutual directors, managers, and associates
- Private and open source software owned beneficially by Loci Mutual
- Smart contracts: governance token (LG), LUSD and CMBT growth instruments
The DAO property owner is a charitable corporation operated by its semi-autonomous management system subject to the LG governance system:
- Piglet’s Nectar, a Texas engineering and community agency building DAO tools and systems since 2011
- Brazos River Ventures, a Texas developer since 2009, directs acquisitions
- Start Construction, a Texas builder since 2006, directs construction of residential property
- My Home Residential, a Texas property manager since 2009, manages real estate for mutual associates
- Brazos River Properties, a Texas property manager since 2007, cashier for the mutual property DAO
The DAO holds portfolios of real estate and other property long term for the benefit of individual associates. The mutual owner serves as a permanent steward of assets essential to basic life systems: housing, food, and transportion.
- Commercial residential multifamily portfolios. Each portfolio begins with 1 mutual property, then grows.
- Commercial residential single family portfolios
- Commercial auto property portfolios
- Commercial food distribution portfolios