Giveth’s potential partnership with WorkDAO has been inspired by listening to the needs of many contributors. The main needs voiced by contributors are;
- A legal entity, with an address, to provide employment and tax documentation, thus making it easier for contributors to file taxes in their respective countries as a freelancer.
- Immigration or visa sponsorship assistance, requiring employment invitation letters, especially for our team members based in the Middle East.
WorkDAO’s Services
WorkDAO offers Web3 contributors services, such as employment services, employee benefits, token payroll, and token taxes. WorkDAO’s premise takes the employer liability and ensures ongoing compliance with local labor, payroll, tax and securities laws. WorkDAO will legally hire and compensates contributors on Giveth’s behalf, with localized employment and contractor agreements.
Becoming legally tax compliant with payroll services also comes with an additional cost. Depending on the country, additional taxes can be between 19-30% more, of the contributor’s base wage.
WorkDAO might be able to provide visa sponsorship for contributors onboarded as employees. This service is an additional cost. However, WorkDAO also mentioned they cannot guarantee visa and immigration assistance to countries that are under US sanctions, that includes Iran and Russia.
WorkDAO’s Service Options
Here’s the breakdown:
- Contributor for Payroll Services, which includes token, stablecoin & fiat payroll with full legal & tax compliance for employees & contractors.
- Contributor for Employment Status, which includes employer-of-record services with localized employment contracts and benefits administration.
(For exact prices please click the link to their pitch deck. I signed an NDA with WorkDAO and I cannot publicly share their prices).
WorkDAO offers a "town hall” discussion, in which WorkDAO can explain their services and contributors can ask questions. Town halls are free.
Contributor Questions
There’s a lot of layers to a potential partnership with WorkDAO with many questions that need to be answered. I expect a rich advice process.
• Who will pay the additional taxes, Giveth or the contributor?
• Who will pay the WorkDAO’s fee, Giveth or the contributor?
• Would Giveth like to schedule a town hall with WorkDAO?
More details about WorkDAO’s presentation partnership with Giveth is attached in this proposal. (I know how much Mitch loves links inside proposals). https://drive.google.com/file/d/1kMSOhVw2GMczdsqY93p7rd1k0besyMBe/view?usp=sharing
- Yes, let’s continue the conversation.
- Yes, let’s continue the conversation by scheduling a townhall with WorkDAO.
- No, let’s not pursue a partnership with WorkDAO.
0 voters