About
The aim of Buck Foundation is to provide for a community of savings focused individuals to make token governance decisions that directly impact their holdings, including protocol parameters, auditors, and rewards of additional tokens. To that end, the Foundation serves as the steward of the Buck DAO, supporting and growing the network until it becomes fully self-sufficient.
Buck Foundation is an exempted limited guarantee foundation company incorporated in the Cayman Islands. To learn more about this type of entity, check out this Guide to the Cayman Islands Foundation Company from the Foundation's outside counsel at the law firm, Ogier.
Today, Buck Foundation is “memberless”; it has no owners or shareholders. It is governed by a Board with two Directors, Clint Johnson and a Cayman Islands based professional director, Joshua Zimmer. No director has a majority vote in the Foundation.
The Foundation's founding documents specifically contemplate DAO-driven governance. The documents make it possible, through a prescribed process, for the DAO to make recommendations to the Foundation's Board of Directors. The Board is then bound to "observe, implement, carry out, action and execute with best efforts any and all DAO Recommendations," subject to directors' fiduciary duties and legal requirements.
Here you can review the Foundation’s key documents:
Clint Johnson
Director
Joshua Zimmer
Director
Buck Ltd.
Buck Token Ltd. is a business company incorporated in the British Virgin Islands. Buck Foundation is the sole shareholder of Buck Token Ltd.
Buck Token Ltd. is the entity responsible for distributing 100% of the Buck Token, which is the initial token to be launched as part of the Buck network. As such, it is solely responsible for the content of the Buck documentation located at whitepaper.buckfoundation.com.
Buck Token Ltd. is a self-governing entity that maintains a treasury and has independent, discretionary authority to make decisions that promote the savings mission of the Buck Foundation.