OtoCo Documentation
  • Hello to Automated Company Assembly on Blockchain
  • Updates
    • Oct 2022
    • Sep 2022
    • Aug 2022
    • Jun 2022
  • A. OtoCo: Instant Real-World Entities on Ethereum
    • Part I. How OtoCo Came About
      • 1. The legacy process
      • 2. How we condensed speed of formation to seconds instead of days
        • a. Introducing the Series LLC
        • b. How we removed the naming speedbump
        • c. Why blockchains?
  • Part II. The OtoCo Ethereum smart contracts
  • Part III. The Legal Nexus
    • 1. Delaware
      • Delaware: Certificate of Formation
      • Delaware: OtoCo DE Master LLC Operating Agreement
      • Delaware: OtoCo DE Series LLC Agreement
    • 2. Wyoming
      • Wyoming: Certificate of Formation
      • Wyoming: OtoCo WY Master Operating Agreement
      • Wyoming Series LLC Operating Agreement
  • B. Where We Go From Here: Introducing the OtoCo token
    • Part I. Our Vision for OtoCo: From Product to Platform
      • 1. The Anachronism of Analog Company Formation
        • A Wordpress for companies?
        • Why is nobody doing this?
        • Enter blockchains
      • 2. From Product to Platform: An Onchain Venture Building Marketplace
  • Part II. The OtoCo Token: A Loyalty Scheme, Developer Reward and Voting Card - All in One
    • 1. A tokenized points-system
    • 2. “Proof of sale” rewards
    • 3. A voting card
    • OTOCO Issuance
  • Part III. A New Smart Contract Solution to Building a Pre-Order Book and Automating Token Issuance
    • 1. The idea behind our design
    • 2. Our proposed staking smart contract
    • 3. The OtoCo token sale process
    • 4. Funding update
  • Part IV. Proposed OtoCo Governance and Exit to the Community
  • C. User Guides and FAQs
    • Taxes and reporting
    • Independently verify a blockchain-signed document
    • Create a funding launchpool using OtoGO
    • Prove ownership of your on-chain LLC
    • Multisig LLCs for DAOs
      • Setting up a Gnosis Safe and an OtoCo LLC
    • FAQs
      • About the Series LLC
      • The role of the Master LLC
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  1. B. Where We Go From Here: Introducing the OtoCo token

Part I. Our Vision for OtoCo: From Product to Platform

Since launching OtoCo, we've learned a lot from our users and the wider community since we launched OtoCo last summer as an onchain company formation tool. Here's where we want to take it next.

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We need containers to hold things, from drink cans and grocery bags to wallets and trusts.

Code is held in repositories. Organizations too can exists just in code, as Decentralized Autonomous Organizations.

Most projects however look for a limited liability shield. Though we believe limited liability is in essence contractual and can hence be smartcontractified, this remains untested.

As a result, the limited liability company is likely to remain the main legal wrapper for most of our economic activity, from starting a venture to pooling capital to holding investments.

We started with onchain “kits” such as an easy ERC20 token foundry, the ability to add a multi-sig cryptoasset company wallet with an ENS wallet address, onchain encrypted messaging, and more.

OtoCo users can also pay for our services in all major crypto, as well as with card and Apple Pay, via a simple unified checkout.

These new features hint at where OtoCo is going: towards building an automated assembly line for onchain entities that lets you add the components you need for your blockchain project, no matter where you are around the world.

In what follows, we first want to talk about why we started with company formation, to then explain how we plan to transition from product to platform.

For this reason, about a year ago we launched , a company formation tool that lets users instantly spin-up a Delaware or Wyoming limited liability company (LLC) using their Ethereum wallet.

OtoCo started more as a hobby, a fork of , but we believe that the idea of putting companies on blockchain may do what shipping containers did for global trade: create pre-assembled, standardized units to stow value of any kind, powered by smart contracts and transportable on a decentralized ledger.

OtoCo
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