This article was first published on SingularDTV - Medium
An operating system for content
Think of the DAO as an operating system for content distributed on the SNGLS Media Distribution Protocol (SMDP).
The DAO governs the protocol, thereby allowing the community to set its many functions and parameters. Through the DAO, and for the advancement of society, the community owns the distribution network.
We are all the Illuminati now.
The snglsDAO Foundation’s Role
The snglsDAO Foundation plays an important role in the start of the new governance layer. The foundation will act as a functionary to fulfil the original promises of the protocol until the point the DAO and WEB3 ecosystem are ready to take control of everything. One of the main functions the foundation will offer to the community will be facilitating the completion of upgrades the DAO determines it wants done. With limited exceptions, the foundation will not undertake any action unless instructed by the DAO. The foundation’s personal hot wallet and membership will be available in the members section and verifiable on 3Box (the decentralized identity protocol we are using). Note that the foundation’s hot wallet is the property of the foundation and not the DAO. The foundation reserves the right to return any funds for a project voted on by the DAO that it does not deem necessary, practicable or legal and in such cases the DAO will need to trust another user with the funds to accomplish said goals. It is further noted that any funds held by the foundation will be used as soon as possible to complete the elected project. The foundation is not in the business of safekeeping funds or acting as a custodian and the receipt of funds by the foundation is incidental in completing the elected project. Where, for any reason, funds cannot be used by the foundation within  ...
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