Community Shares were designed for organizations that want the simplest and most transparent offering vehicle available.
Each Community Share provides investors with rights in current equity at a ratio chosen by the issuer (e.g. using a 1:1 Community Share-to-Common Stock Ratio). By not relying on a future conversion event and future interests like a Safe, investors and organizations using Community Shares know the precise rights of what they are issuing and receiving.
When issuing Community Shares, organizations can clearly distributed equity and assets without unexpected or unanticipated changes since all rights and percentages are fully transparent, static, and known upon issuance.
Community Shares can also be issued with or without voting and management rights. Economic equity without voting rights can make it easier for organizations to manage larger numbers of investors while still providing the financial incentives and benefits inherent with equity.