Kings Units and New Members

Will Kings Units be transferrable?

With limited exception, as detailed in the operating agreement, members cannot transfer Kings Units or Tokens, if created, unless otherwise agreed to by the members, by majority vote.

If a member "rage quits" and leaves Kings' Azit DAO can new members join?

Members by a majority vote can accept new capital commitments from new joining members and admit them into Kings' Azit DAO. Any new member (or, if applicable, group of members) must provide the same initial contribution as an exiting member.

Can a member be forced out of Kings' Azit DAO?

Members of Kings' Azit DAO may be required to leave if members of Kings' Azit DAO vote to remove the respective member. The service provider cannot remove any Kings member unless otherwise authorized by a vote by a majority of the members.