The Cult Foundation
AKA "The Administratum" or should it be "The Ordo Machinarum"?
THE CULT FOUNDATION
1.1 Overview
We must validate our MVP and payback initial investors before we can turn into an open organization driven by its community.
The Cult Foundation is the legal and organizational core of The Cult — an organization that should evolve into a blockchain-driven ecosystem designed to bring transparency, accountability, and sustainability to the gaming and entertainment economy.
The Foundation serves as the bridge between the decentralized on-chain architecture of The Cult and the regulated corporate structures required for international operation. It provides a lawful framework for treasury management, intellectual property protection, transparency mechanisms, and governance — ensuring that the ecosystem operates under clear oversight and legitimacy.
1.2 Incorporation and Jurisdiction
The Cult Foundation will be incorporated in El Salvador, under the country’s updated legal framework for digital asset service providers, software entities, and blockchain foundations.
El Salvador was selected for its:
0% income tax, 0% capital gains tax, and 0% foreign-sourced revenue tax for qualified technology and crypto-based entities
Digital Assets Law and modernized regulations for blockchain innovation
Political stability and strong government support for Bitcoin and Web3
International credibility as a fintech-forward jurisdiction
Once incorporated, the Foundation will serve as the administrative, compliance, and treasury entity for the ecosystem, operating under El Salvador’s advantageous regulatory and fiscal environment.
1.3 Legal Purpose
The bylaws of The Cult Foundation define a transparent and structured mandate:
Hold and protect all intellectual property related to The Cult brand, platform, and technological infrastructure
Manage the ecosystem treasury under an auditable framework
Maintain blockchain systems that enforce transparency, security, and integrity
Oversee compliance, audits, and legal structures for the protocol
Coordinate technical and operational partnerships
Onboard employees
Answer for the casino and any liability
1.4 Licensing via Vegangster
We will leverage Vegangster’s licensed infrastructure and game aggregation services for conventional (non–100% RTP) content. These components operate under their regulatory framework and compliance systems.
For 100% RTP and zero-edge games, operations will run independently through our on-chain system, preserving full mathematical transparency and protocol-level control.
Our model prioritizes ownership of the technology and mechanisms that drive innovation and fairness, while relying on Web2 partners only for peripheral layers that are not mission-critical.
1.5 Governance and Control
During the initial phase, the Foundation will be directed by its founder, known publicly as A Dark Figure, acting as executive director and legal representative.
After incorporation and treasury activation, governance will transition to a multi-signature council consisting of:
The founder
Appointed Foundation directors
Representatives selected through $CULT governance
Early investors will have a share of The Foundation, which also is the legal owner of the tokens issued.
This phased model ensures legal certainty at launch and structured decentralization over time.
1.6 Operational Overview
The Foundation oversees:
Treasury management
Protocol integrity
Buyback authorization
Technical development
Intellectual property management
Operational management
Marketing management
Team management
Compliance coordination with partners
Public transparency modules and ecosystem reporting
1.7 Strategic Rationale
Positioning the Foundation in El Salvador provides:
A zero-tax environment for technology and crypto entities
A regulatorily friendly base for blockchain innovation
A legally recognized corporate structure backed by strong property protections
Seamless international partnerships through Vegangster’s licensed framework (if chosen)
This model ensures:
Transparent on-chain governance
Fully compliant casino operations
Secure off-chain corporate stewardship
1.8 Relationship Between Token Holders and the Foundation
Holding $CULT does not grant ownership, dividends, equity, or corporate rights in The Cult Foundation or in Vegangster.
$CULT is a utility and governance token within the on-chain protocol.
It enables:
Participation in governance inside the platform
Access to transparency modules
Engagement in protocol-level decision processes
Identity and ranking within The Cult ecosystem
Earn yield from fees and general casino rewards
It does not represent ownership of the Foundation or the licensed operator, if we decide to license the operation. The tokens owned by the Foundation belong to it and the Foundation shareholders are the ultimate owners of all IP and Foundation's assets. It is important to emphasized the Foundation will not hold all tokens, that 75% of them will be given directly to players, yet, such tokens do not grant (as mentioned already) ownership of the actual Foundation in any sense in the current state of the project.
1.9 Future Governance and Stewardship
As the ecosystem matures, the Foundation will implement structured bridges between protocol governance and corporate oversight.
Planned evolution includes:
A multi-signature governance council with token-holder participation
Exploration of digitally recognized governance frameworks
Gradual expansion of community influence within the protocol’s evolution
Independent legal review for every governance milestone
Summary
The Cult Foundation will be incorporated in El Salvador, operating under a zero-tax, pro-crypto legal framework. It functions as the operating legal, administrative, and governance body of the ecosystem. It is also a means of rewarding early investors with shares not only of tokens but of the actual business and to provide them with a platform for decision making.
Over time, the Foundation will evolve toward shared governance, merging transparent on-chain participation with compliant off-chain corporate oversight.
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