CCIP-076 - Information about Moderator Assets and Proposal to Spend $1100 on Legal Consultation

Please review the relevant discussion for this proposal in r/CryptoCurrencyMeta before voting. A copy of the body text for the proposal can be found below.

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Background

There is a long history of moderator ownership of community assets in r/CryptoCurrency. At this stage, after years of development around Moons and the subsequent Reddit Community Points sunsetting news, the mod team is now in possession of approximately one million MOONs and other assets, see below.

Current Assets

r/CryptoCurrency (currently generating/burning XXXXX MOON per month)

TMD balances:

    - 0.0291 ETH

    - 1,006,343 MOON

    - 1,750 ARB

MOON2gas balances:

    - 0.879 ETH

   -  10 MOON

    - 4 BRICK

   -  875 ARB

Domains:

   -  rcryptocurrency.com

    - moonplace.io

    

Other:

    - Google account + docs workflow for AMAs and Banners

   -  Email addresses (I guess this is domains)

    - Servers (several VPS with some time paid)

    - Twitter, Youtube, Discord, Telegram (50k+ users)

    - Sister subreddits (tech, moons, etc.)

Since Reddit renounced the Moons contract, the community and moderator team have expressed strong interest in restarting Moons distributions and incorporation into the r/CryptoCurrency ecosystem. However, in order to do so in a responsible manner that protects the community’s interests and moderators from personal liability, we would like to form a legal entity to manage the aforementioned assets and any future distribution process. Proposal

We are proposing to liquidate ARB from TMD account and MOON2gas account if necessary to fund a contract with legalnodes for 1 month of legal advisement guiding the establishment of an entity that will act as a DAO-wrapper for the now renounced MOON contract and our activities surrounding the token including the above listed assets. We have been informed in a preliminary video call that the one month plan is designed to take provide guidance on entity formation. You can find information about the services and plans that legalnodes offers here:

https://legalnodes.com/pricing

For a one month service contract the cost is approximately $1100 USD. Rationale

These assets are currently scattered in a variety of what are essentially personal accounts. In addition, if we intend to restart distributions with moderators operating the logistics of the process, then we need a way to shield moderators from personal liability. The hope is that by spending a few thousand bucks on legal advice we are doing this in the most efficient way while also protecting ourselves. This entity would become the owner of the assets listed above and would act as the entity managing subreddit revenue and distributions, thus (hopefully) shielding moderators and possibly others working within the organization from personal liability.

We are holding this poll to seek community approval because we believe that community involvement is essential at every step of this process to maintain as much decentralization as possible.

In the spirit of community involvement we are also seeking community members who may be interested in serving in (a likely doxxed capacity) this new entity/organization. Please reach out if you may be interested.