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Published September 25th 2022
Imagine if growing a community
also meant protecting it for
generations to come.
Let's build a regenerative community with true democracy and common goals.
Juan Sostheim | Founder of Rancho Margot
“Growing up in rural Chile as a young boy, I lived an idyllic childhood. When I started Rancho Margot, I wanted to build a small mountain village that would bring forth some of the emotions I experienced as a child. Everyone would be welcome to participate, and I relied on our staff as indispensable partners in helping us to manifest this vision and execute our mission. Now I want to pay it forward by giving all those who have contributed to our longevity a way of benefiting from their past and future patronage of Rancho Margot. For the last four years, I have looked for the best way to accomplish this goal. I believe for the first time humanity has created the tools we need to achieve worldwide cooperation and pursue common goals. It is time to seize the moment.”
Building Rancho Margot & The Decentralized Autonomous Organization (DAO)
Rancho Margot was created with the vision to be a self-sufficient and sustainable community owned and managed by stakeholders, staff, residents, business owners, and investors
Rancho Margot has helped build a local school in El Castillo where there was no education program beyond 5th grade and funded a school bus operation for kids in the community to go the school all free of charge
Founder Juan Sostheim publicly articulated the vision of Rancho Margot as a decentralized intentional community through interviews and writings. Priority was focused on tourism, production, and education
Rancho Margot opens for tourism. At the time, the ranch had just three bungalows and a bunkhouse
Rancho Margot created its first online presence and the traffic to the website grew organically over time
Juan continues building the operation
DAO will be deployed
Juan and the team decided to use NEAR Protocol to build the DAO platform. Work is underway and expect to launch in the first quarter of 2023. We have begun the search for a limited number of early adopters among our friends and visitors of Rancho Margot.
During the pandemic, a legal structure called DAO LLC is recognized in the state of Wyoming. Effectively giving DAO members liability protection and DAOs legal standing. This allowed DAOs to open bank accounts and enter into legally binding contracts like any other corporate entity.
Juan and the team held meetings with government officials to explore the possibilities of the cooperative legal structure in Costa Rica. After close examination, expectations were not met
Juan heard the term DAO for the first time during a blockchain tech meeting he co-hosted with Dr. Eduard Muller, founder of the University for International Cooperation. Motivated by the possibilities of DAO, Juan began his own in-depth research. There are over 10,000 DAOs already in existence today
Many unfortunate and tragic events happened around this time; including the loss of one of Juan’s sons. We experienced a very difficult time and progress slowed down considerably
Rancho Margot was certified carbon neutral with a negative CO2 footprint and was featured on CNN resulting in some further traction for the project
Juan and the team hosted Thomas Sisk, a former Wall Street executive, to work on his master’s thesis for the One Planet MBA program at Exeter University. The focus was on the management challenges of Rancho Margot's vision.
DAO Platform Development & A New Economy
In 2021, Juan and the team have been hosting a diverse group of experts in tourism, biomimicry, regeneration, planned pasture management, relationship graphing, organizational management, and thought leaders in everything blockchain (crypto, NFTs, gaming, and DAOs) to better understand the opportunities ahead.
A new dimension to our circular economy needs to be built that allows for value creation for both the DAO and Rancho Margot. These opportunities exist and the possibilities are limitless. Multi-generational engagement across a wide range of topics and activities has been part of Rancho Margot’s DNA since its inception and the DAO framework opens space for active and grounded collaboration.
Much collaboration has gone into understanding the feasibility of engaging a DAO governance for Rancho Margot
DAO members will see active participants, and working groups, and join areas of interest using our dashboard we have been building with 7Vortex
DAO will govern Rancho Margot and eventually take over all appropriate online activities like media, marketing, recruitment, online reservations, etc.
New circular economies will nourish partnerships and interactions between developing digital technologies and human ingenuity here on the ground
DAO Deployment & Structure
Setting DAO Up for Success
The plan is to put Rancho Margot S.A. (RMSA) and all its assets under the governance of the DAO we are creating. Once fully deployed, the DAO takes on a life of its own and should ensure that Rancho Margot stays relevant for generations to come. The DAO LLC and RMSA will be two separate legal entities with a remunerated management contract establishing the relationship between them. The timeline calls for the creation of the DAO LLC during the first quarter of 2023 and envisions an eighteen-month transition period to reach full deployment.
Five-Member Supervisory Board
Oversee and facilitate the integration between the DAO LLC and RMSA
One represents the founder
One represents the staff
Two represent the DAO
One independent expert from academia was chosen initially by the founder of one of the universities that historically patronize Rancho Margot.
The supervisory board will not make policy but serve to help integrate proposals, arbitrate disputes, and facilitate planning with on-the-ground operations. The board, with a 3/5 majority, will have the authority to stop proposals accepted by the DAO yet the implementation of which would not be in the best overall interests of the operations of RMSA.
50% Reinvested by the DAO in Rancho Margot.
25% RMSA staff for a personnel incentive program that is tied to each individual’s performance and DAO engagement.
25% Founder’s beneficiaries
The DAO LLC will develop its own robust economy with the members deciding how to best direct its profits.
Future membership in the DAO may be limited in numbers but in general, it will be open to anyone who owns a membership token or NFT. Members can exit the DAO by selling their tokens.
Invitation to participate and help
fund the DAO as an early adopter
This is a risk-free and obligation-free opportunity to simply learn and enjoy what Rancho Margot has to offer. Besides being able to lock in 2022 pricing for your next transformative experience, you will also receive additional goodies from the DAO and on-location with our deepest appreciation. This invitation is LIMITED TO THE FIRST 500 INDIVIDUALS who make a reservation using our BOOK DAO button below.
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