Summary

This proposal seeks community approval to establish CCMOON DAO as a legally recognized non-profit DAO LLC in the Marshall Islands via MIDAO, using existing non-MOON treasury assets. The DAO currently holds more than 6,100 USD in non-MOON assets; payment will be executed only after this CCIP is ratified.

Cost overview

|Item|Cost (USD)|Notes| |:-|:-|:-| || |Registration via MIDAO|$5,500 (one-time)|Formation, legal review, filings, DAO LLC setup| |Annual fee (through Jan 2027)|$600 total|Included now; no additional annual payment due until 2027| |Annual fee (from 2027 onward)|$3,000/year|Applies starting in 2027; may grow if treasury grows| |Total initial outlay|$6,100|Paid from non-MOON treasury funds|

MIDAO partnership (AMA)

In exchange for discounted formation fees, CCMOON DAO will host a MIDAO AMA on r/CryptoCurrency. The promotional value provided is less than the discount received, resulting in a net benefit to the DAO treasury.

Motivation and non-profit alignment

We will form as a non-profit DAO LLC. Our monthly user distributions are based on subreddit contribution during the period (for example, upvotes), not on proportional token ownership. This participation-based model aligns with a non-profit purpose of rewarding community value creation rather than distributing profits to owners.

KYC scope

Only the Executive Director will be designated as the manager in the operating agreement and will complete KYC. No other officers, moderators, or contributors will be required to complete KYC.

Payment source and trigger

Formation is funded entirely from non-MOON assets (ETH, USDC, USDT, ARB, etc). No MOON will be sold or used. Payment will be executed only after this CCIP is ratified. Officers (Executive Director and Treasurer) will finalize paperwork with MIDAO; Guardians (multisig) will sign the transfer. We will first exhaust our stablecoins, then sell ARB, and finally our ETH balance to cover costs. The multisig treasury can be seen here - https://app.safe.global/balances?safe=arb1:0xF93c0950595d4D12ad71A405de287D7AF689c291

Onchain payments policy

Advertisers must pay onchain going forward. The DAO will not accept off-chain payments.

Maintenance fees and sustainability

The discounted $600 annual fee amount covers the period through January 2027. Beginning in 2027, the annual fee will be 3,000. By that time, the DAO expects treasury growth sufficient to cover the higher fee from ongoing revenue and DAO-owned liquidity.

Marshall Islands tax note

Marshall Islands non-profit DAOs follow local requirements (for example, revenue reporting for applicable taxes/fees). This proposal does not provide tax advice; contributors remain responsible for any personal tax obligations in their jurisdictions.

Operating agreement and support

MIDAO will provide an operating agreement template. The Executive Director, Treasurer, and any other DAO officers or subreddit moderators involved will coordinate completion (with optional MIDAO workshop) to reflect DAO governance, single-manager KYC, and non-profit status.

Governance impact

No tokenomics changes. No MOON emissions or burns for this action. This formation provides legal recognition, limited liability, and operational legitimacy for partnerships, grants, and treasury management.

External reference

MIDAO documentation: https://docs.midao.org/

Voting options

Yes – Approve formation of CCMOON DAO as a Marshall Islands non-profit DAO LLC via MIDAO, authorizing up to $6,100 USD from non-MOON treasury funds. Payment will occur after ratification; Officers handle paperwork; Guardians execute the transfer.

No – Reject formation and continue operating without a legal entity.