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2min chapter
Building DAOs, with Ben Huh of Origami
The Outlier Ventures Podcast
Origami - Is There a Level of Existing Members Needing to Approve a New Member?
Origami supports a dual primitive for membership. One is an NFT membership token, the other is a fungible ERC 20 or something similar to it. From a regulatory perspective, that's totally fine. There's nothing wrong with issuing a token in the United States. The question is, what does the token do? Right now, it's not this black and white, but I'm going to really simplify it. If you if your token gives you the ability to actually earn a distribution from the DAO,. that's when it gets classified as a security.
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