[WFC] KSM #540 - Please read https://a16zcrypto.com/posts/article/end-foundation-era-crypto/
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Description

https://kusama.subsquare.io/referenda/540

  • Foundations focus on network value but may lack clear goals.
  • Without profit motives, foundations can have weak accountability.
  • Spending others' money without oversight often leads to poor results.
  • Companies might be a better structure for alignment.
  • A new proposal links tokens to company equity for better incentives.
  • Tokens could represent legal rights in a public company.
  • The goal is to create enforceable rules for token holders.
Appendants
1
#1
10d ago

🟢 0 • 🔴 6 • ⚪️ 1
6-member quorum not met.
Vote #1: NAY
10 available members.
No CoI reported. DV delegation exercised.
https://kusama.subscan.io/extrinsic/28886623-2
https://kusama.subsquare.io/referenda/540#1

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Information
Snapshot
Members
11
Timestamp
Created
Jun 18 2025 05:20
Start date
Jun 18 2025 00:00
End date
Aug 17 2025 00:00
Results
Voters
10
one-person-one-vote
Aye
0 VOTE
 
Nay
7 VOTE
 
Abstain
3 VOTE
 
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