2000 People on Our Planet has Wealth of more than 4.6 billion of the poorest. These are some surprising numbers, but not at all surprising. Can we blame 2000 for their success? Not all. Why do we have to? They only use the tools that the System gives them, pragmatically to get more Wealth. Is this moral and ethical? This is a very different question.
Getting rich at the expense of others or by destroying the environment, is very questionable, and with common sense is very immoral and unethical. Following some big corporate and government actions, it looks like they don't live on this Planet and don't need to care about future generations. The cruelty of some of their actions was truly shocking. And people all over the world fight back ... with little or no efficiency. The system just continues to do what the System does, unless it gets interrupted somehow ..... One of the new technologies of the 21st Century gives people the power to interfere with certain questionable activities. This technology is called Blockchain or Distributed Ledger Technology. If it is used in the right way, meaning that it is decentralized, the technology can indeed change the view of our Future, to be positive.
If it is hijacked by the Government and the Company, it can only enslave us more than it already has. The real intruder in the form and function of DeFi, or Decentralized Finance, using Blockchain, is DAO, the Decentralized Autonomous Organization. DAO, is the construction of the New Economic Model using the Blockchain to create Economy, Wealth and Well-being together in a socially conscious way. It takes some education and courage to become a member of DAO and participate in voting proposals and actions. However, DAO, if formed properly from the start, can achieve unimaginable things for one individual. This is why we created The.
We will keep it simple, pragmatic and to the point. Blockchain technology is designed to interfere. Disturbances stem from decentralization and autonomy. DAO or the Decentralized Autonomous Organization, as a structure, was born on the same day when Blockchain Technology was revealed to the public. In our opinion, this is the most advanced human collaboration model in the world. This is indeed a NEW ECONOMIC MODEL FOR 21ST CENTURY. The potential of DAO is very large and remains to be explored. This is given by its contributors Intelligence, Knowledge and High Moral Standards. Contributors can make progressive proposals in DAO that target innovative technologies from various sectors such as Energy, Agriculture, Health, Insurance just by mentioning a few examples. DAO performance increases many times if it can operate in the physical world. And this is precisely what DAO GEOMA will achieve: Create Cash Flow and Wealth for Contributors.
STRUCTURE
DAO, as a governance structure, is not well understood by the general public. Most of us are so entangled in the current system, that the DAO concept seems to be Science Fiction. What we know is that the Company's structure is built as a model with unlimited expansion. Unlimited expansion is not possible. Because of its structure, such a model will definitely fail. But before doing that will do anything to maximize profits. We reached the point where expansion stopped. And see what we leave. Look at our oceans, our forests, our water, our food quality, our elderly, our society. Without doubt, this is not sustainable in the long run. DAO is definitely a viable alternative. They can change the Economic Landscape for the future of our more aware Society.
(DAO GEOMA) is none other than the Distributed Contributors Network. DAO is not made for quick profit, it was created to produce stable and sustainable growth and lives, communicates and interacts through Smart Contracts on the Blockchain. This will function exactly like Blockchain Technology:
Interfering with ordinary governance. There will be no CEO, Upper Management, Middle Management, Lower Management as founders. The founders must be considered as pure contributors to the Network. Their role is only to supervise and build the first mass of ownership. Most of the withdrawal of funds from ICO-Market is carried out by companies that have a Pyramid governance structure. This usual type of centralized governance allows individuals to create an asymmetrical flow of information which results in dangerous results for other individuals. In other words, this type of government, which comes from a tightly regulated World, can easily lead to complex fraud and manipulation in, based on the concept, a decentralized World Organization of Autonomy.
Proposals are the main way of decision making in the DAO GEOMA.
Voting on proposals for implementation is a must feature of the DAO GEOMA.
Consensus is made if a predetermined percentage of contributors approves an action.
For project implementation, the Contractor will be appointed by vote.
The DAOM GEOMA was created to produce real wealth for its contributors and bring value to society.
GOVERNANCE
Governance is the most important part of DAO. Most Blockchain companies have a centralized governance model. In our opinion, this contradicts the core definition of what is meant by the Decentralized Autonomous Organization. The strength and potential of DAO is its members and their ability to conduct governance. In order to function properly, governance will be carried out through the dApps blockchain through the governance portal. Proposal, Voting, Debate, Finance, Vault, Lending will all be part of dApp. Every document carried out in the physical world by a third party operator will be given an id through the Blockchain and will be accessible to DAO members through the Membership portal. The model can be like this.
Because of the nature of our project, we chose not to come up with finished products. There are lots of good Blockchains in the room. We want to build the most decentralized. The Common Sense determines that DAO members must propose and choose the Blockchain to be built. There are three options:
Use Blockchain build that is ready to use and integrate our dApps there.
Building a Child Chain.
Or Build a completely new Blockchain.
Members will decide.
To have a perfect governance flow, DAO must also have a Representative. These are individuals from within the community who stand out through their activities and commitments. Representatives have a role, inter alia, to move, when there is danger in the Network, complete this and keep the workflow at a high standard.
In the event of danger, as we have seen recently, a power outage or internet blackout by the government, or other causes, Representatives will have access to archives stored on various servers as a safety measure for contributors.
Paper records must also be carried out. To avoid duplicates, DAO will use the Blockchain ID to secure the authenticity of each document.
GMD TOKEN MODEL
GMD - ERC20 Token must be seen as a Utility Token. This gives the Token Holder the right to propose, vote, and take part in activities in the Network. Can it be seen as a Security Token? Let's look at what the SEC said in the Code. As the Howey test shows, an "investment contract" exists when there is an investment in money in the company along with reasonable expectations of the benefits derived from the efforts of others. Whether certain digital assets at the time of the offering or sale are satisfactory, testing depends on certain facts and circumstances.
Is this investing money in a joint company? No, because of the DAO GEOMA
not a company or corporation, and therefore it is not a joint company.
Reasonable expectations of the benefits gained from the efforts of others? No, because these efforts are joint efforts by the entire Network.
Address for GMD Token Contract - ERC20 can be seen here https://etherscan.io/token/0x2509B1A5FF82AB94172cFc527676AcF45C2A0D08
However, DAO will have a second Token Model and this Model will become Security. GMDST tokens will be released to Members after real-world project implementation has been chosen. This token has Ownership and Sharing Rights. GMDST will always be supported by Tangibles such as Land, Buildings, Water, Forests, Food as well. In this case the Token will have a relatively stable value, giving certainty to the Token holder that the investment is guaranteed. Along with the GMDST Token, a Certificate of Ownership is also present. The proposed certificate will look like this:
For security reasons, to avoid duplication, counterfeiting and forgery, the certificate will be equipped with a Blockchain ID and broadcast to the Network. The ID will always be connected to the Smart Contract and can be verified in Block explorer. This is also important when the Certificate changes owner. Buyers can easily verify their authenticity. Certificates can also be printed and stored in safe boxes.
DISTRIBUTION AND TOKEN PRICE
Only 21,000,000 GMD-ERC20 Utility Tokens have been printed. Token distribution is as follows:
5% representing 1,050,000 GMD will be used for the Bounty, Airdrop and Exchange Liquidity Program.
1% representing 210,000 GMD will be distributed to initial contributors and founders.
94% representing 19,740,000 GMD will be distributed to contributors.
- 0.4 USD / 1GMD for the initial bird during the Bounty Campaign
- 0.7 USD / 1GMD After the Bounty Campaign to IEO
- 1 USD / 1GMD IEO price
Provide Project Nature and real-world applications GMD / GMDST tokens can be exchanged at a rate of 100 GMD / 1GMDST.
GMD Token Holders can produce by accumulating at a maximum rate of 10% / year.
GMDST Token holders will get monthly benefits from DAO projects.
ROADMAP
2016 2019 - Research more than 2000 Blockchain Projects and their possible impact on the Economy
2019 September - Manufacture of GMD ERC20 Tokens according to SEC Howey Test
2019 December - Launch of the Geoma DAO Website and Media Channels
2020 January - Preparations for the Airdrop and Bounty Campaign
2020 February - Beginning of the Bounty and Airdrop Campaign.
2020 March-May - DAO Formation Phase. Choose the best Blockchain for using DAO. First Project Proposal. Select Project
2020 May-June - Start from Project implementation. Existing preparations. Proposal and Choose for the best IEO Exchange.
2020 June-July - IEO. Building Structures and Communities.
EARLY DAO MEMBER
Arthur Fleischer
Florin Vranceanu
Adrian Toma
Sylvester Anichebe
CONCLUSION
This is a business model "as simple as it gets" using DeFi and Blockchain Technology to create distributed wealth. The initial contribution remains intact while it benefits. Using tangible assets, combined with the DAO governance structure, makes the model fail resistant. Seeing in the near future, where robots will replace most of the workforce, we can see DAO has a part of the workforce of robots. If people fail to regulate themselves, such as DAO's, or in other forms, all the wealth generated will fall again into the hands of 1%. Every day 12.5 billion working hours, which are carried out by people all over the Planet are not paid. Universal Global Income has passed the stage of becoming an idea. This is in our opinion one of the most regressive ideas in human history. Imagine sitting around, doing nothing, waiting for some form of revenue that is fully controlled by the government and companies. That's material for a horror movie.
"That is why we must try it and succeed in our endeavors"
DETAIL INFORMATION:
Website: https://www.thegeomadao.com/
Whitepaper: https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view
JST: https://bitcointalk.org/index.php?topic=5216619.0
Telegram: https://t.me/geomachat
Twitter: https://twitter.com/thegeomadao
Youtube: https://www.youtube.com/channel/UCys4E09zDz9xjlyKiBZwr_g?view_as=subscriber
Github: https://github.com/Arthur267
Medium: https://medium.com/@thegeomadao
Linkedin: https://www.linkedin.com/in/geoma-dao-b0a612189/
Author: Amild
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2583828
My ETH: 0xbf00577895715883E63C6694D33dA51b1cDEBDa8