During the emergence of mankind, they are working hard on discovering innovative ways and creating new opportunities to systematize and amplify the scale of assistance and the formation is fetching to be the successful one. Only some changes drew closer to the real-time information connections all around the world and it has deficiencies in the economic means for some wide-ranging functions for synchronizing all the global peer construction.
The blockchain network system has an important innovation for providing programmable account system accordingly to guide for the creation of Decentralized Autonomous Organization, in short DAO. From the motivation of DAO, it has engendered DAOstack as well as thousands of open sources building joint decentralized functioning at the time of allocating individuals of ownership.
Schemes
The logical functions made by a series of instructions. This takes away a particular set of inputs and processes them for generating a specific set of outputs. Such schemes can be designed for anything virtually. Most of the actions are supported for one the basic functionalities of an agency that allocates as tokens and fund allocation, the reputation of assignment and upgrading of protocols.
All these common schemes are based on the proposals for the proposition by triggering all the basic action of some agencies in some specific way. The decision will be made by the voting process through yes or no and it will be possibly approved by resulting in the automatic execution of the proposal.
Rewarding Schemes
It has already made a simple rewarding scheme in DAO through the following process:
The agents will submit the rewarding schemes for DAO. The rewards will be for 150 tokens and 200 reputation bits for some other agents in terms of making a contribution with DAO.
For keeping the weight to the reputation of DAO score should be voted as Yes or No through the proposal.
The majority of the DAO reputation holders have the eligibility to vote Yes to the DAO’s operating system by the execution of proposals and allocation of 150 tokens and 200 reps for the contributing agent. Such agency can be yet to another agency.
Governance Framework
Just like three different rules of Fundis, it also has three different schemes. The whole governance system of Fundis is describable through the elements that can be used for modularizing formalism with the explanation to the DAOstach and the Arc governance framework. For the sake of illustration, this scheme has become fairly complicated enough as reward schemes described like the examples:
- The agents will submit the proposition by requesting the rewards for a certain contribution
- The scheme will trigger the alternative voting system by permitting the reputation of the holders in the purpose of some particular number of tokens with the awarded agents
- As the reputation scores with each other, the voters can weight by the total number of tokes for awarding the equally weighted median of all the voters
- For more than 20%reputation holders, the expressed number of votes cannot be over 2%. It is engaged in the voting for past days and DAO will make allocation with the number of tokes and a proportionate amount of reputation to the contribution of the agent. The following median of a certain moment.
Generally, the spectrum of possible schemes will be designed almost to the endless. This can be activated for some different actions that include the functionalities mentioned with the incorporation of varieties of various logics. This will ultimately rely on the specific voting systems associate by the voting power along with the reputation, tokens or can be a combination for both together. This common typology enables the DAOs to offer for their native tokens that should be sold under some conditions related to token sales.
Website : https://daostack.io/
Whitepaper : https://daostack.io/wp/DAOstack-White-Paper-en.pdf
Eth Address : 0xE39C3aFa20E5CBED4dc097221768584bBCd41eA5