KIP-39: Kwenta Legal Counsel

Summary

Kwenta will retain legal counsel via a 2-year token deal. Counsel will ensure that the DAO has legal representation advising it on the changing U.S. regulatory environment and that sensitive deliverables are handled appropriately. Additionally, Counsel will facilitate suitable legal representation for Kwenta in all applicable situations, making relevant referrals within Counsel’s professional network when necessary.

Abstract

Kwenta will offer a 2-year vesting package of 350 KWENTA, vested in 3 month cliffs, in order to retain legal representation from Horizons Law & Consulting Group (“Horizons”) for the DAO.

Motivation

Due to the unpredictable nature of DAO regulation and the severe repercussions that we have seen imposed on other DAOs and DAO contributors, Kwenta will establish legal counsel to ensure the Kwenta DAO is operating in a legally compliant manner while still striving for maximum decentralization. Horizons will also aim to ensure that relevant community members are protected in the event individual contributors require legal representation. Horizons has considerable experience representing DAOs and is an ideal candidate for advising and representing the DAO.

Specification

For more information visit: https://kips.kwenta.io/kips/kip-39/