Is the project lawful? Key things to consider are:**
**Where the project will take place.
Whether the project itself is legal in that place (or those places).
Whether your participation in that project is legal in all relevant jurisdictions and/or requires certain approvals, licences or registrations.
Where the law and regulation is heading.
This point is especially relevant for projects involving decentralised autonomous organisations (“DAOs”), as well as those involving cryptocurrencies, given that the legal and regulatory landscape is rapidly evolving.**
It may also be worth considering what, if any, structure is in place to issue or offer the tokens, or develop the project (foundation, company, trust, DAO etc.). Even if the tokens are issued by a distributed vehicle, like a DAO, the fact that developers are contracted to a company or that profits are distributed through a trust may be relevant.