DAOSTACK ICO
A comprehensive toolkit that revolutionizes the creation, deployment and operation of DAOs in the same way that WordPress revolutionized website development. This is the idea of the Daostack platform and we are preparing future ICO events. Let's see this project.
Block chain technology provided the necessary tools and infrastructure to innovate and streamline in all industries. Many concepts that were impossible before this technology came in were introduced. DAOs ( Distributed Autonomous Organization ) is one such concept. DAOs are organizations that are executed and executed by Smart Contract, and all data such as financial records, rules and regulations are stored in the block chain.
The concept of DAOs is promising and has already attracted a lot of people but now it lacks important elements that prevent DAOs from being practical and feasible in the long term. This is where DAOstack, a block chain operating system, provides a comprehensive framework that makes creating and maintaining DAOs easier and more feasible. This solution will fill all existing gaps and will work on the creation of the Internet to allow people to contribute resources, skills, and capital to various projects.
Value proposition
Why is DAOstack related?
Since all the people in the block chain industry have enormous possibilities that could effectively change how organizations exist and how they behave, DAOs attract a lot of attention I am gathering. DAOs have the capacity to form a completely open organization structure, all of which are organized by economic incentives and smart contracts. The activities of DAOs are based on cooperating with each other and achieving common goals and driven by economic incentives to promote efficient and reliable resource sharing.
DAOs are a great sound on paper. Although it is an organization that can grow infinitely without losing agility and structure consistency, at the moment there are several gaps that prevent DAOs from being properly deployed and executed. The most important element lacking DAOs is a reliable and reliable distributed governance system, which is planned by DAOstack.
DAOstack will be a block chain based operating system that will provide a platform for economic and governance of DAOs that thousands of open source creators, freelancers, and individuals with related resources will cooperate in the creation of DApps . DAOstack allows multiple people to contribute to a single project, but the ownership of the project is left to the hands of the most contributors to it. The easiest way to write DAOstack is to think of DAOstack's WordPress. Just as WordPress made the creation of a website very easy and intuitive, DAOstack will provide a similar solution to the creation and maintenance of DAO.
solution
DAOs have various topologies and structures, each with its own strengths and weaknesses. It is basically that they work in a voting system that calculates the voting power of all parties (the number of tokens or their reputation) that resembles these structures. With this voting system, various stakeholders can participate in the organization's decision-making process and participate in the organization's work.
DAOstack has a similar voting system that makes it as simple as possible to be efficient, resilient, decentralized and scalable. DAOs made via DAOstack need to submit a proposal to initiate the decision to the agent (the party contributing to the organization) proxy, but these proposals will be voted in a simple yes or no . The proposal has a deadline, and then acceptance or rejection is decided based on the number of votes submitted before the deadline.
DAOstack 's voting system implements a quiet termination that ensures that final changes are not reflected in the vote, so that a final decision attack is avoided. If a serious change is made to the vote just before the end of the proposal, the stack will automatically extend the closing time one day.
Because DAOs are mainly using decision-making votes, it is expected that 1 ton of proposal will be submitted to DAOstack-based DAOs at all times. DAOstack organizes the proposed voting system and uses the opening stack to protect against overload. There is an active number of suggestions on the opening stack, suggestions that are not on this stack are queued and you have to wait until you get a spot on the open stack.
A queue sorts proposals based on a ranking system that assigns ranks to all proposals based on various factors (including those who submitted proposals) can promote proposal rankings. When the spot becomes available, the proposal with the highest rank enters the opening stack.
The verdict power of all agents is determined based on reputation, DAOstack initially has one reputation system per DAOs, the framework will be fully established and growing, its reputation system can be expanded There is sex.
DAOstack consists of many components that work together to create a complete framework on which DAOs run. There are numerous DAOs on the stack that build ecosystems that can interact with each other. Thanks to this interoperability, each DAOs that is part of DAOstack can bring out the maximum possibility of cooperation. DAOstack provides a governance framework called Arc that provides people with the tools needed to create, configure, deploy, and operate DAO.
Arc is the main component of DAOstack. It will provide people with everything they need to create, launch, and maintain DAOs. The Arc framework has a DAO template and a public library of modules. You can shape the ideas and components they need as needed and use them for the development of DAOs. Arc is an open source framework of modular design and remains highly scalable, as libraries become more relevant and increasingly diverse, custom templates and modules will be added.
The architecture of the Arc framework consists of several elements that can combine the principles of governance systems and smart contract usage. That is, Arc is quite complicated. In order to protect users from the complexity of this framework, DAOstack introduces Arc.js. A JavaScript gate that enables front end developers to integrate third party applications without requiring block chain expertise. Arc.js plays a role in ensuring that the DAOstack ecosystem is not limited to experts in the block chain, more people will participate in this project and help growth.
The DAOstack development team provides Alchemy to the community. DApp provides the user with an interface for interacting with the Arc framework and its DAOs. Alchemy provides examples of ways to make the ecosystem more usable and related by adding new features as the community grows as developers create and integrate DApp with the open source design of DAOstack is.
The Arc framework is the core of DAOstack, Arc.js makes it easier and easier to interact with this core. There is also a third component called ArcHives. This is basically a collection of shared records of the DAOstack ecosystem.
ArcHives
ArcHives plays a major role in the DAOstack network, ArcHives maintains data integrity, maintains the overall quality of the ecosystem and provides various ways to generate revenue. It is divided into three parts.
In summary, all approved governance modules shall be stored in DAOstack. Since the ecosystem of the stack is open source, develop governance modules and templates so that various stakeholders share it. DAOstack acknowledges modules that are tested and known to be reliable. These modules are designed to function as an App Store that can access authorized modules. Developers who have modules placed in the abstract can monetize them by paying for DAOs to use them.
Mosaic will record and list all organizations created through the Arc framework. Mosaic is managed by the DAOstack community and has features such as search engines to help you search DAOs and agencies listed. In addition to helping people understand all companies that are members of DAOstack, Mosaic also serves as a promotional platform for organizations. They will need to register themselves in a mosaic and pay with a token to advertise their name.
Hive is the third part of ArcHives and provides participants with different DAOs to interact with each other. Post requests and offers that require costly tokens. Hive will be a central place where you can put the services others, people looking for, shareable resources, expertise on the market.
token
General information :
DAOstack is trying to introduce its own token (GEN token), but on April 24, 2018 there are a total of 100 million tokens sold at ICO by 40 million.
the purpose:
DAOstack's token shall be used as the currency of the module market and as the currency for which the ecosystem will receive the fee. To create DAO through the Arc framework, you need to stake the GEN token, use the token of the governance module required for your organization, and register it with Mosaic. Tokens are also required for hive requests and service promotions.
The GEN token also plays a role in the decision making process. In order to augment the proposal in the queue, the agent needs a token token and multiple parties can tokenize the same suggested token to speed up the rank.
value:
The token of DAOstack is basically implemented in a thorough way indispensable for those who want to become part of the ecosystem. The direct connection with the whole ecosystem, as the DAOstack ecosystem grows over time,. Because the Arc.js gateway allows frontend developers to create DApps and integrate with DAOstack, we associate these tokens with people who are not a direct part of the ecosystem.
Potential competition
In terms of competition, Aragon is the only project to compare with DAOstack, but Aragon uses block chain technology to enable DAO, but considerable margin between DAOstack and Aragon.
First, DAOstack is created to provide the world with open source DAOs governance and economic framework, and it can be completely upgraded to meet the needs of the community, this open source design is DAOstack Eco Allow the system to respond to governance needs of any kind of organization.
Secondly, the technology behind DAOstack is completely different.Aragon project initially planned to provide DApp to the community, but later decided to create a platform complementing DApp. Meanwhile, DAOstack adopted a bottom-to-at approach, which initially designed a comprehensive framework that has undergone years of development. DApp (Alchemy) is a recent one. The development approach of DAOstack is not limited to a single DApp, so it is much more flexible and versatile.
Another major difference between DAOstack's Aragon and other competitors is that DAOstack's GEN token is much worthwhile. Its use in the staking mechanism combines the growth of the tokens with the growth of the platform so that when the DAOstack project succeeds the GEN token is highly appreciated.
Development team
Three out of nine team members have experience with block chain technology.
The team working on DAOstack consists of nine members with some experience in software development and business development. The team is actively participating in DAOstack's telegram. The whole team is led:
CEO and architect Mr. Matan Field Physics has worked on block chain technology since 2014 and is a famous expert on distributed governance.
CTO Adam Levi also has a doctorate. In physics, I have over 20 years of experience in writing code, and I am familiar with the technical aspects of game theory and block chain technology.
The advisory team of this project consists of two people, one of them (Jordan Green Hall) is co-founder and former CEO of DivX and also participates in technology development of Backfeed (former company of Matan Field) doing. Overall, the advisory team seems to have extensive experience in business and software development.
verdict
The DAOstack project has a talented team with diverse skills, but the interesting point of the DAOstack team is that the block chain experience pool is more qualitative than the quantitative one, but everyone in the team tackles block chain technology I am not quite sure, but I am quite familiar with it. Every team member has a wonderful educational background and career record, and the advisory team has sufficient business development experience, but only one of them has experience of block chain technology. The development team also actively participates in the telegram of the project DAOstack also exists in Twitter and GitHub, but there are only 518 people on Twitter.
DAOstack's approach to providing a framework for DAO? Governance is very comprehensive, but one of the main goals of the project is to create a process that makes the DAOs as simple as possible using the Arc framework, and then calls DAOstack It is to make it work effectively like WordPress. Users can access templates and modules uploaded by developers and integrate with DAOs via interactive DApp. This makes it possible for anyone to enjoy that function without concern for DAOstack's technical difficulty.
The token model of DAOstack is also promising, but the value of the GEN token is guaranteed thanks to the staking mechanism and suggestion voting process used when starting DAO. This project provides a wealth of economic incentives for more people to contribute to this open source community driven ecosystem. One thing to worry about is that DAOstack creates DAOs on Ethereum block chains. Since there is no original block chain yet, it may be inefficient if the Ethereum block chain begins to overload.
Another promising thing about DAOstack is that it already exists at ETH Testnet. In other words, the project is in progress and it is approaching a state where it becomes usable.
Overall, the DAOstack project seems very solid, but the technology to promote the entire solution is very well thought out and is backed by a powerful economic model that encourages active participation in the ecosystem. The only problem with this project is that the presence of marketing is not that strong, given that tokens are sold less than a month.
Merit
- Team members are familiar with software development, the advisory team consists of Jordan Greenhall (Jordan Greenhall), and experience of block chain technology is highly relevant to DAOstack.
- The DAOstack framework is backed by years of research and development. Open source design helps maintain relevance over time and promote community growth.
- Combining the Arc framework with Alchemy DApp and ArcHives effectively transforms the process of creating, deploying, and manipulating DAOs, allowing more stakeholders to form interoperable DAOs. This will help create the Internet of work where thousands of people can work.
- The project is posted on the ETH test net at the present moment.
- DAOstack effectively uses GEN tokens, but since tokens play multiple roles in the ecosystem, as the platform continues to grow, it will increase its demand and appreciate the value as the platform continues to grow. ...
Website | Whitepaper | Community Telegram
Announcements Telegram | Twitter | Blog | Youtube | Github | ANN Thread
Announcements Telegram | Twitter | Blog | Youtube | Github | ANN Thread
Author by: familyforever
Comments
Post a Comment