Choosing a structure - star docs

A Star token can have one of four ownership structures. The structure sets what the token legally contains, what remains on your cap table, and which investors you can accept later. The structure is fixed before the round opens.

Model	What the token contains	Your equity
Revenue share (on request)	A revenue share, enforced by smart contract, and nothing else	Not changed
Offshore DAO (on request)	The company. The token is the cap table	Replaced by the token
Bedrock	An equity backing of 1-30%	You keep 70-99% and control
ACE (on request)	Rights that convert tokens into equity	Diluted only on conversion

How to choose

To raise venture capital and issue a token: select revenue share on its own, or Bedrock. Equity investors price the obligation. The rest of the cap table is not changed.
To operate fully onchain with no traditional equity: select the offshore DAO.
To let your community convert into equity later: select ACE.

A revenue share is not exclusive to one model. A Bedrock, DAO, or ACE launch can commit a revenue share as well - see Revenue share. Each model has its own page with the full mechanics.