**NOTE** This is a working idea that has not yet been implemented. It represents the aspirational structure of the company when it is formed. Nothing on this site should be construed as an offer to solicit work in exchange for payment of any kind, including in exchange for any security such as shares of the future company.
Earthlike Worlds (ie, the “Company”) operates on a novel organizational structure that borrows elements from corporations, cooperatives, and cryptocurrencies. While some of the individual steps are fairly complex, the overall structure is simple:
STEP 1: Members of the Company (ie, “Members”) contribute their labor, in myriad forms from coding to governance, graphic design to poetry. All Members assign intellectual property (“IP”) contributed in this manner to the Company, meaning the Company fully owns all IP associated with all contributions.
STEP 2: In exchange, Members are rewarded with shares of stock in the Company (“Shares”) at the end of every month. Shares are awarded to Members based on the amount of quality work they contributed that month, up to a monthly maximum. This process generates a stable percentage of all new Shares generated by the Company. In this way, the function of Members contributing labor is somewhat analogous to miners contributing computational power in a cryptocurrency such as Bitcoin.
STEP 3: Each year, a Shareholder Election is held in which each Share is able to place one vote. This election will determine the Board of Directors for the following year. The Board of Directors makes decisions about the direction and management of the Company, as it does in a traditional corporation.
STEP 4: Shares may be sold and traded freely, as in a public corporation. However, only Members will be able to vote in Shareholder Elections, up to a maximum of the Shares they have earned (meaning, Members cannot buy excess Shares to achieve more voting power). In this way, the Company functions something like a cooperative, preventing non-Members or Members with lots of capital from exercising inordinate control over the government process.
STEP 5: All shareholders – Members and non-Members alike – will always share equally in all dividends distributed by the Company. In this way, the Company functions just like a traditional corporation.