What Is a ‘Foundation’ Model for a Crypto Project?
A Foundation model involves establishing a non-profit legal entity, typically in a crypto-friendly jurisdiction (e.g. Switzerland, Cayman Islands), to hold intellectual property, manage treasury funds, and promote the protocol's development.
This centralized legal entity acts as a stable point of contact for regulators and provides a legal shield for the core development team and the decentralized DAO.
Glossar
Foundation Model
Model ⎊ The term "Foundation Model," within the context of cryptocurrency derivatives, options trading, and financial engineering, denotes a large-scale, pre-trained machine learning architecture exhibiting emergent capabilities across a spectrum of downstream tasks.
Legal Entity
Jurisdiction ⎊ A legal entity, within the context of cryptocurrency, options trading, and financial derivatives, is fundamentally defined by the governing legal framework under which it operates, establishing enforceable rights and obligations.