The Meeds association is a non-profit organization originally launched by several Open Source Software (OSS) communities around the common vision of a free digital world. The Meeds association is incorporated in Geneva, as a non-profit association under the Swiss law.
The association is structured as a Decentralized Autonomous Organization (DAO) where the governance token holders vote on all important organizational changes such as electing the board every year.
A multisig contract is used to manage the association operating expenses.
The association regulates the issuance of the Meed, an ERC20 token, recognized as a utility token.
The association also issues NFTs associated with the WoM (Deeds).
The Meeds Association runs a multi-tenant cloud hosting service leveraging Meeds software.
The service is included in the Deeds and can be discovered via the Builders community.
During the minting period
During the minting period, spanning about 10 years, 30% of the minted Meeds are allocated to the Meeds association.
The association is to use the funds to develop the WoM and its services, promote the WoM, bringing in new users.
After the minting period
The association will remain sustainable after the minting period through a set of “taxes” on passive income such as Deeds sales and rents.
The association will also earn transaction fees, in particular on engagement rewards in another token.
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