If you’ve been in the blockchain industry for sometime now, you’ll realize that most projects in this space are extremely far from the original purpose with which the technology was created which is decentralization. We all rant and shout at the way the conventional world system is being centralized and preach about the adoption of decentralized blockchain but the real question remains that how many blockchain projects can confidently boast of complete decentralization so far? I’m sure we all know what the statistics look like.

Luckily my write up today focuses mainly on Decentralized Autonomous Organization which is the most advanced world model. It is mainly driven by the know-how, high moral standard and intelligence of its contributors; this in my own opinion is the real practical application of decentralization and surprisingly, despite all these features, the DAO technology is yet to be fully explored.

Having said all of these, its my utmost pleasure to introduce to you all the GEOMA DAO platform which is targeted at utilizing the DAO to operate the physical world, hence creating cashflow and wealth for its contributors.

Introducing GEOMA DAO

Geoma DAO is simply put as a distributed network of contributors which is not just created for the main purpose of fast profits but rather to generate a constant and sustainable growth which operates based on smart contracts on the blockchain.

Unlike most blockchain projects in the industry that preaches decentralization but rather centralized in their operations, the Geoma DAO platform is fully decentralized which means every actions, decisions, plans and operations on the platform shall be decided by the platform’s contributors.

Interestingly, in a plight to make the platform fully decentralized, Geoma DAO doesn’t have a readymade product yet, rather they have decided to build on a decentralized blockchain first which will be determined by the DAO members whether the platform should build a child chain, integrate dApps on ready-made blockchain or rather build an entirely new blockchain.

What makes Geoma DAO unique from its other blockchain counterparts?

On this platform, governance will be performed through blockchain dApps through a governance portal.

This means that there will be no upper management, CEO, middle management or even lower management. Also, the primary way of decision making on the platform shall be through proposals, thereafter, the proposal shall be voted upon for implementation. Upon voting, if the predefined percentage of contributors agrees upon the action, then a consensus will be created. Finally, contributors will also vote for the contractors that shall be awarded the project for implementation.

The platform has future plans of venturing into several areas such as real estates, agriculture, and lastly clean and sustainable energy. All these shall be made possible by partnering with companies which will help them find the right form and functionality for their needs and also develop the final product.

Token Details

The Platform shall have two token models which are mainly the GMD (Erc-20 based) and GMDST (security) tokens. The GMD token is a utility token with a total supply of 21,000,000 GMD tokens and it gives the holders the opportunity of proposing, voting and taking part in other activities on the network. The IEO price of the token shall be 1USD/ GMD tokens. However, GMDST tokens will be backed up by real world assets such as building, foods, water, forests etc and it shall be released to members after the voting of the implementation of the real world project. Holders of the GMDST token shall also be awarded an ownership certificate. This is indeed excellent!

Conclusively, it’s conspicuous that the GEOMA DAO platform is here to take the blockchain technology to the next level through its complete decentralization policy, projects like these are revolutionary and one in a million, judging through the excellent modus operandi and team behind the creation of the platform, I’d consider the project a very good one not to be missed out on, however, you can make further research on the platform by checking the links provided below;
|Website|Whitepaper|Telegram|Twitter|

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