The Cordite Foundation is, currently, a necessary thin legal wrapper around Cordite, which is a DAO in Cordite.
The Foundation will be bootstrapped with a set of simple rules around:
- membership - ie rules around joining
- governance - who can make proposals, vote for proposals, what happens to accepted proposals
- economics - how proceeds are used to run and evolve Cordite
Members of the Cordite Foundation are expected to:
- have proof of stake
- provide core infrastructure
- make proposals for evolving all aspects of cordite
The aim of the foundation is to create a body of people who can be trusted to over see the funding, running and evolution of cordite over time. Much like an open source foundation.