🔒 Legal Setup

At Based VC, we prioritize legal compliance to ensure the trust and protection of our investors and ecosystem.

Our robust legal framework spans multiple jurisdictions, reflecting our commitment to transparency and long-term sustainability:

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Delaware C Corporation (DevCo)

Serves as our Development Company:

• Houses all intellectual property and manages operating expenses.

• Structured as an investable entity, enabling opportunities to raise equity through SAFE Agreements.

British Virgin Islands Corporation (TokenCo)

Handles our NFT and Token Issuance:

• Acts as the issuing entity for both NFTs and the $BASED.

• Requires two separate token opinion letters to ensure compliance with NFT and token standards.

Cayman Islands Foundation Company (DAO Foundation)

Provides the legal structure for our DAO Foundation:

• Oversees the DAO’s governance structure and bylaws.

• Appoints a DAO advisory board and nominee directors to support decentralization and community representation.