Digital Nomad Research
Author: jengajojo
Squad: jengajojo, lion917, Eagle, SchwarzeKatze
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SUMMARY
The Legal guild would like to spin up a research project aimed at Digital Nomads/Wannabe Digital Nomads. The research will involve contribution mainly from the legal guild, as well as some services from designers and editors. The total ask to execute this project is 75,000 BANK and the final deliverable is a report available for public consumption.
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BACKGROUND
The Digital Nomad research project was born straight out of the idea of being a sovereign individual. Self-sovereignty is a concept that resonates with many people in the Bankless community and we thought it would be a great idea to empower Metaverse netizens with the right knowledge to shape their journey into self-sovereignty.
Another reason is the emergence of unfriendly crypto laws in many jurisdictions which make it difficult for the contributors of bDAO to fully commit themselves to the ‘DAOLife’. This research will offer options to those individuals to seek other solutions to Meatverse problems.
MISSION & VALUES ALIGNMENT
In order to fully embrace the mission and values of the Bankless movement, it is important that members have the ability to work and live in fiscally favorable jurisdictions. As the Metaverse further transforms ways in which people coordinate, we take this opportunity to better the lives of all those who seek a sovereign lifestyle, all those who want to use jurisdictional arbitrage to their advantage, or those who simply want to enjoy ‘DAO-life’ without interference from nation-state laws.
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With this research, we aim to empower Digital Nomads(DNs), aspiring DNs with the ability to choose the best jurisdiction to structure their affairs and possibly offer non-legal advice to members and non-members as a consultancy service in the future.
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SPECIFICATION
In the course of S3, a team of legal experts will research and present a report on the top jurisdictions for Digital Nomads. The report will include a short analysis of the Pros and Cons of each jurisdiction that is deemed worthy, and present the best destinations for people with different needs, in a generic setting. To conclude, the report will highlight the main steps one needs to take to change jurisdictions and point them to the bDAO Legal guild for further queries.
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To execute this a project manager will create a task list for collaborators to work on specific action items. The expected flow is as follows:
- Working Groups identify top jurisdictions in each of these regions: Americas including Caribbean, Europe, Africa and the Middle East, Asia and Oceania.
- Creation of a one-page overview of the top jurisdictions (max. 10) with the pros and cons of each.
- Identify top (3 or 5) based on use cases, statistics, and deep dive into specific solutions for each use-case.
- Compile everything into a report and publish for public consumption.
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FINANCIAL IMPLICATIONS
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The project involves collaboration between a Project Manager and Contributors:
- Initial Research and Template setting: 5000 BANK
- 1-page overview on each jurisdiction: 25000 BANK @ 2500 BANK each
- Further analysis of 5 specific jurisdictions/cases: 25000 BANK @ 5000 BANK each
- Final Report Compilation: 10,000 BANK (divided between all those that help out)
- Project Manager: 10,000 BANK
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Total costs: 75,000 BANK
NEXT STEPS
- After successful execution of this report in season 3, the plan is to further expand the utility of the TaxPunk NFT and provide gated access to deeper analysis of the Digital Nomad project to TaxPunk NFT holders in the future.
- If we find that the research generates enough buzz, the Legal guild can provide a quarterly or yearly update to this report which will be exclusively available to TaxPunk NFT holders.
- The Legal guild is happy to further provide non-legal services on this topic to L1 members and above on this matter, or potentially spin up a consultancy service for non-members, subject to regulatory limitations.
- This report can in no way be constituted as legal advice and all content generated within it will be for general informational purposes only.
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