Our DAO framework consists of all of our legal agreements, our smart contracts, the dApp and the ERP system, which others can adopt to get up and running as a DAO in no time. Organizations using our framework are called Neokingdoms.
A Neokingdom is a DAO wrapped into a limited liability company incorporated in Estonia that uses our custom legal structures. All members of a Neokingdom are also the shareholders of a respective underlying private limited company. In addition to our legal framework, every DAO uses our audited Smart Contracts and our tested progressive web dApp.
Our vision for how our DAO and others DAOs would operate, was translated into a robust legal framework, consisting of our Articles of Association and our Shareholders' Agreement. PwC analyzed our legal framework, concluding that our $NEOK token is not a security.
Our smart contracts were developed to mirror our legal contracts, ensuring that everything we do aligns with legal standards in Estonia. The smart contracts were audited by two security auditing firms, ensuring the security and integrity of our system.
We have developed a dApp that plays a key role in our system. We use the dApp to track our time contribution to the project, vote on resolutions and track our tokens. It is accessible via mobile and desktop.
