🏢Foundation

The establishment of the Piku Foundation as a legal wrapper for PikuDAO plays a critical role in supporting the operational and strategic objectives of PikuDAO for several key reasons. Primarily, the Foundation is tasked with executing the envisioned acquisition of real-world assets (RWAs) as directed by DAO votes, which are essential for backing USP tokens, and will oversee the custody of these assets to ensure their security and proper management.

Given the heightened susceptibility of DAOs and on-chain contracts to cyber threats, the Foundation will place a strong emphasis on enhancing the security of Piku's smart contracts. This includes engaging with third-party entities for security audits and integrating essential services, such as Know Your Customer (KYC) protocols, to bolster the project's defenses against malicious actors.

Initially, the Foundation will act as an incubator for PikuDAO, offering vital support across various domains including operations, development, marketing, and beyond. This foundational support is designed to shepherd PikuDAO toward achieving operational autonomy and self-sufficiency. Once this milestone is reached, the governance structure allows for DAO members to democratically decide on the future role of the Foundation. This could range from taking direct control of its responsibilities to potentially voting on its dissolution, reflecting the community-driven ethos at the heart of PikuDAO's mission.

Currently the core responsibilities of Piku Foundation are:

• Moderation and facilitation of governance proposal processes.

• Removal of proposals that are fraudulent, spam-oriented, defamatory, hateful or inappropriate with the PikuDAO’s mission.

• Exercising oversight and control over the DAO’s collaboration and communication platforms—such as Discord, Discourse, Twitter, and Snapshot—to ensure and facilitate effective engagements and interactions, with the aforementioned social media plans coming soon.

• Ensuring the piku.co and platform infrastructures are secure and up-to standard.

• Forming partnerships in the real world to meet the needs of the DAO or Piku token such as Audits, KYC, asset management.