WACEO AISBL - WACEO Token Initiative Policy.

Last Updated: June 2022

WACEO AISBL is a DAO focused non-profit organization based in Brussels that gives blockchain-based projects access to the network of governance, tax, legal, compliance, legal and risk management professionals to help them develop a framework for compliant structuring in line with the best regulatory practices.

WACEO Token (“WACEO”) is a community-driven initiative by WACEO AISBL to provide a solution to decentralized autonomous organizations to combat the issues resulting from the scarcity and complexity of compliance and regulations in the DeFi space and the rising amount of scams that cause the communities to suffer from enormous losses.

Purpose. The purpose of this Policy is to: Ensure that we protect the interest of community members by defining the relationship between WACEO AISBL and WACEO DAO. Ensure that we employ the best practices while fulfilling our duties and responsibilities. Ensure accuracy, transparency and confidentiality. Ensure that we take the necessary steps to protect the DAO property, including, but not limited to private keys and funds.

Scope. The Policy is part of the WACEO Governance Policy Framework and is applicable to the Initiative, its Contributors and Service Providers.

Legal Representation. Being the legal representative, WACEO AISBL shall be responsible for conducting operational activities on behalf of the DAO that require the existence of a legal entity, including but not limited to: Entering into contracts with third-party service providers, consultants or contributors (“Providers”) on behalf of WACEO; Holding bank accounts on behalf of the Initiative; Being assigned the notifiable party of the DAO when interacting with regulators and law officers; Initiating legal proceedings on behalf of WACEO (when required);

Structuring the DAO. WACEO AISBL shall take the appropriate steps to provide a framework for compliance, legality and risk management of the Project, with the goal to To be compliant with the applicable regulations; and To maintain a high level of decentralization.

Management of Funds. The Funds (“Funds”) are composed of the WACEO Tokens and the native tokens of the DAOs found in the Treasury Reserve. The Funds shall be under the management of the assigned multisig wallet holders. WACEO AISBL shall work towards establishing proper mechanisms that would ensure compliant management of the Funds.

AML Compliance. All Contributors engaged in the WACEO Initiative shall undergo a KYC process to be compliant with the AML/CFT regulations. All Providers and Contributors contracting with the DAO through WACEO AISBL shall also be required to undergo the KYC process. WACEO AISBL shall keep all information received regarding the KYC, confidential. Such information shall not be shared with any third party outside WACEO AISBL unless required by the authorities.

DAO Property. DAO property, without any limitations, may include social media keys and passwords, Treasury, social media accounts, legal documents, and wallets. All Contributors and Providers having access to any property shall be required to ensure the integrity, confidentiality, and availability of the property, under WACEO AISBL legal and regulatory guidance, during their management, custody, and transfer. Contributors and Providers must abide by the rules of The General Data Protection Regulation 2016/679 (GDPR) when dealing with data related to the WACEO Initiative. The Contributors and Providers must abide by the Private Key and Password Management Policy, and other policies of the WACEO AISBL Governance framework.

Confidentiality. Neither party shall, without the prior written approval of the other party disclose, publish or copy information for any purpose. All proprietary or business information shared with the Providers shall remain confidential. The same level of service and confidentiality are not guaranteed if the WACEO Initiative approaches or associates with a Provider outside the knowledge of WACEO AISBL.

Governing Laws. This Policy is subject to the Law of Belgium. In the case of infringement of any of the above clauses, the ordinary courts of Brussels will have exclusive jurisdiction to rule on any litigation which may come up in the implementation and/or the interpretation of the present Policy.

Final Provisions. These policies and procedures are incorporated into the relationship policy and impose legal obligations. WACEO AISBL and the WACEO Initiative should both follow the other applicable policies which are part of the WACEO Governance Framework.