$NEIRO
The Neiro team announced that they have allocated 40,000 USDT from a multi-signature wallet to legally establish a DAO foundation entity in the Cayman Islands.
The Neiro team chose to set up the DAO foundation in the Cayman Islands, possibly to take advantage of its mature legal system and support for business activities. Additionally, the legal system in the Cayman Islands is based on common law, which has a high degree of international recognition and legal predictability. This will aid in the international operation and asset protection of the DAO foundation.
Regarding the specific operational methods and governance structure of the DAO foundation, the Neiro team stated that more information will be released as soon as possible. This may include the governance mechanisms of the foundation, funding usage plans, and how to interact with the Neiro community, among other content.