Legal

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What is the difference between Commons Stack and the Token Engineering Community?

The Commons Stack Swiss Association is developing a product in the form of the baseline contracts and processes associated with Hatching a Commons.

The Token Engineering community is utilizing this product in order to launch the Token Engineering Commons (TEC). The Token Engineering community is the first of hopefully many communities that will partner with Commons Stack to launch their Commons.

The legal strategy for the Commons Stack Swiss Association and the Hatching process is designed for the most litigious legal environments (for example, within the United States -- where communities like this can be easily seen as joint partnerships). With that said, it is always a good idea to keep an eye out for regulatory changes within your local and national jurisdictions.

Do I have to report to anyone in my country that I am a member of this association?

No. The legal structure proposed allows the membership to be treated in a similar manner as a membership at your local gym. There should be no reporting requirements for anyone. With that said, it is always a good idea to keep an eye out for regulatory changes within your local and national jurisdictions.

The rules are located in our Terms & Conditions that you sign when you apply to the Swiss Association. You should act in good faith and not perform any illegal actions. You always act as an individual in the jurisdiction in which you live.

There is not a defined list, but good faith participation in approved DAOs will generally be covered.

Here is a summary of our legal strategy: https://forum.tecommons.org/t/tec-legal-strategy-proposal-vote/193

The Statutes: https://ipfs.web3.party/ipfs/QmcGNi9dcVgLJGtxJzjU2CyrrmVKkLnNPEK8JJC2a98zC5

And the Terms, which is the one that is most interesting to read: https://ipfs.web3.party/ipfs/QmYDmtmDYUPR6wjukzaNytibeNnYs41s2co4tNzkUYdd5n

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