From 944cd3622d251471a44eca3ff720d01b31f9c03a Mon Sep 17 00:00:00 2001 From: Patrice Lamarque Date: Wed, 26 Jun 2024 19:18:51 +0200 Subject: [PATCH] review about us - emphasize on public good nature - clarify scope of association vs DAO - clarify legal status of association --- en/1-who-we-are.md | 14 +++++++------- 1 file changed, 7 insertions(+), 7 deletions(-) diff --git a/en/1-who-we-are.md b/en/1-who-we-are.md index bf93dba1..0186e489 100644 --- a/en/1-who-we-are.md +++ b/en/1-who-we-are.md @@ -3,17 +3,17 @@ Meeds is a cooperative effort led by diverse communities envisioning a decentralized digital world that resists centralized control and promotes freedom and fairness. -Leveraging the Ethereum ecosystem, we implement the WoM protocols and oversee the supply of the MEED token. This strategy has enabled us to prioritize safety, accessibility, and user-friendliness and ensure profitability for as many people as possible. We are committed to maintaining the trust and confidence of our users in the safety and profitability of our protocols. +We rely on the Ethereum ecosystem to implement the WoM as a public good accessible to as many people as possible. This strategy has allowed us to prioritize security, accessibility and user-friendliness and to ensure profitability for as many people as possible. We are committed to maintaining our users' trust in the security and cost-effectiveness of our protocols. -The legal entity behind Meeds is the _Meeds Association_, a non-profit organization registered under Swiss law in Geneva. It is responsible for regulating and issuing MEED tokens and contracting with service providers. +Meeds is legally registered as a non-profit organization under the Swiss jurisdiction of the canton of Geneva under the name _Association Meeds_. The association is initially responsible for regulating and issuing MEED tokens, as well as contracting with service providers. -The Meeds Association intends to gradually hand over control of the protocol and treasury to the _Meeds DAO_. This autonomous, decentralized organization represents the ecosystem's decentralized governance arm, enabling the community to participate in decision-making, voting on proposals, and upgrading the protocol. +The Meeds Association intends to gradually cede control of Meeds' protocol and finances to a DAO. The Meeds DAO is an autonomous organization that leverages decentralized governance mechanisms to give decision-making power to the community on topics like finances and protocol upgrades (i.e. the computer code that governs its operation). -The Association and the DAO differ in how they interact with the real world. +By nature, the association and the DAO do not interact in the same way with the world, but their activities are complementary and they contribute to a shared mission. -The Meeds Association is a conventional organization comprising members and a Board of Directors. It operates within specific legal and regulatory frameworks. In practical terms, it carries out activities such as organizing events, providing services, and defending the interests of its members, if necessary, via a staffed physical office. +The Meeds Association is a conventional organization under Swiss law under the legal status of an association composed of company members. It operates within a legal regulatory framework and is overseen by a board of directors called the Committee. It may have offices and staff to carry out its activities. Concretely, it carries out activities such as the provision of services, the organization of events, and legal procedures to defend the interests of Meeds. -In contrast, the DAO operates without a central authority, making decisions by consensus of its members using blockchain-based voting mechanisms. It can also engage in activities such as project financing, asset management, and decision execution via smart contracts. +On the other hand, the DAO operates without a physical establishment or central authority. It may also engage in activities such as project financing, asset management and decision execution through smart contracts. -The WoM is built with open-source software([github.com/meeds-io](https://github.com/meeds-io)) and is hosted by partners selected by the Meeds Association on behalf of Meeds DAO. +The WoM software code is open source ([github.com/meeds-io](https://github.com/meeds-io)) and hosted by partners selected by the Meeds Association on behalf of Meeds DAO.