Problem Statement:
- The Polkadot community wants to establish a legal framework for the launch and distribution of the $DED memecoin and $MYTHOS DAO coin to ensure transparency, fairness, and compliance with regulations.

Significance:
- Establishing proper legal set up for the projects would provide transparency, clear direction, and external communications predictability and reliability for the community.

Proposed Solution:
- Establish two Swiss foundations, DED Foundation and MYTHOS Foundation, with a starting capital of CHF 80,000 each, to manage the launch and distribution of the coins and oversee their quality and fairness.

Expected Outcomes:
- Proper legal set up for the projects, transparency in decision-making, clear direction, and reliable external communications for the community.

#634 Setup of two Swiss Foundations for DED and Mythos