Launch your             dAPP protocol

Web3 and crypto founders need to create legal structures for their dApps to interact with the real world. This includes creating user-friendly interfaces, connecting payment gateways, fundraising with tokens, and listing tokens on crypto exchanges. Legal bridges are essential for building connections between decentralized apps and centralized market players.

Currently, there is no single entity or jurisdiction that will satisfy all business and regulatory requirements to build and distribute a decentralized product. This means that different entities might be needed for different types of activities. To build a legal wrapper for dApps and their protocols, founders require up to three different types of companies: a Dev Lab Company, a Token & Product Distribution Company, and a DAO Company. The Dev Lab Company hires software engineers to develop smart contracts, create dApp interfaces, and provide technical support. It also performs operational tasks like office rental, software subscriptions, and IP rights management. To offer tokens to Web3 funds and community, founders need a Token & Product Distribution company for listing on exchanges and launchpads. The DAO Company is only needed when founders plan to launch a DAO around their protocol.  Creating a DAO Company addresses legal needs by limiting liability for DAO members and ensuring compliance with Treasury management procedures.

To figure out which country is best for your blockchain protocol, first you’ll need to identify which countries are considered “most crypto-friendly” to you. The list might include Switzerland, Singapore, United Arab Emirates, Gibraltar, Estonia, Cayman Islands, and Hong Kong, for example, due to their favourable regulatory conditions for crypto projects and clear rules. Next you’ll need to assess your blockchain business needs, and which countries satisfy your requirements. For example, do you need to accept payments in crypto? Do you plan to issue tokens? Do you plan to make your project decentralized? Do you want to hold custody of funds? Do you want to register in a country with a specific VASP regime? These are just some of the questions you need to explore to figure out which country is best for your blockchain business. If you’d like help to understand all your options, speak to us.

Pricing for Web3 and crypto legal works can really vary, and this is because of a few key factors. First, simply registering a company varies from country to country. Additionally, some countries require licenses for protocols or tokens and others might treat your project as participating in a regulated activity. The list of variables goes on, and ultimately, pinning down costs for a cross-border project can be difficult. If you’d like to get a better idea of pricing for your specific protocol launch, speak to us.