DAO - a digital decentralized autonomous organization. The idea is that if bitcoin can do away with financial middlemen, then maybe companies and other organizations can one day operate without hierarchical management? It was instantiated on the Ethereum blockchain and had no conventional management structure or board of directors and has an open-source code.
DAOstack Project description
DAOstack is an operating system for DAOs, as they name it "Wordpress for DAOs" or "DAO for DAOs." DAOstack provides the foundational tools for the creation, operation, and governance of
DAOs.
The DAOstack ecosystem consists of a multitude of distinct and interoperable DAOs, interacting with one another to maximize the potential benefit of open and distributed collaboration. All DAOs are made of a series of smart contracts, deployed through Arc: a Solidity framework of governance allowing to create, configure, deploy and operate DAOs onto the Ethereum blockchain, possibly relying on IPFS as an overlay network for data storage and retrieval.
People can interact with these DAOs either directly, through the execution of blockchain transactions, or indirectly, by relying on a particular front-end to the underlying blockchain ecosystem.
GEN is the native token of the DAOstack platform. Basic operations across the DAOstack ecosystem – such as promoting proposals – will require the spending or holding of GEN. GEN will be distributed to contributors of value through the DAOstack framework itself, incentivizing development, promotion, and adoption.
Use Cases
DAOstack can be useful when there is a need to coordinate a large group of people to make decisions collectively:
- Collaboration to Produce an Outcome
In cases in which the goal is to develop or deliver products and services - roughly
speaking, a decentralized “company” - the decisions that need to be made often concern how to value individual contributions, and how to budget for projects and other purchases. - Asset Management
These types of collectives make decisions primarily about the management of assets and the allocation of funds. - Curation
Curation networks leverage the wisdom of the crowd to rank the subjective quality of
Objects.
Technological Architecture
Arc
Arc is a general governance framework for an interacting and deploying smart contracts on
top of Ethereum blockchain using Solidity language.
It is an open-source, modular and general-purpose framework by design, and it comes with
an open library of template governance modules, or elements, that will evolve by the needs of its users. It also allows an easy upgrade and modification of a governance system to better fit the organization’s needs over time.
Arc.js
To make the integration of third-party apps simple for enthusiastic front-end (JavaScript)
developers, they have designed Arc.js as an easy JavaScript gate.
Arc.js is a JavaScript library built on top of Web3.js (Ethereum’s JavaScript API), with
which any functionality of the Arc framework can be called directly from within the JavaScript
environment, without knowledge of the Solidity programming language.
ArcHives
It is a public set of registries, curated by the DAOstack community and serving its global
ecosystem. It is where the ecosystem and network effect builds up. Projects can examine the best
performing DAOs and consider implementing a similar schema.
ArcHive has three different registries:
Token model
ERC-20 token: GEN
Total supply: 100 000 000 GEN
Token distribution:
40% - token sale
10% - team, advisors
10% - allocated to DAOstack non-profit to manage for future contributions
40% - allocated to Genesis DAO (that will be founded on top of the DAO stack to support
the DAOstack ecosystem).
The DAOstack token “GEN” has the following functions:
- GEN token operates across DAOs. Holders can use it to "bet" or stake on proposals across DAOs in the ecosystem. By staking GENs to proposals in a DAO, users are driving the DAO's collective attention to that proposal and if the proposal passes the betters are rewarded for it. If it doesn't pass those who staked their GENs against the proposals are rewarded. This is a key element for Holographic Consensus, DAOstack's protocol for resilient decision making at scale. GEN token issued to promote DAO models and access DAO frameworks across the registries. Basically it's a DAO marketplace. Over time, the best DAOs will be implemented the most and therefore collect higher revenues.
- DAOs in DAOstack can have a reputation system to be weighted during voting on proposals. If you have more reputation than me, your vote in a proposal is more relevant than mine. These are not represented by ERC20 tokens but rather by smart contracts. And reputation can be gained by doing actions in favor of the DAO.
Token sale structure
Hard cap: $30mICO date: May 8 (preliminary was scheduled on April 24th)
KYC: yes
Whitelist: yes
Restrictions: N/A
Token distribution date: N/A
Use of proceeds: N/A
Roadmap: yes
Team
Matan Field Linkedin, CEO & ArchitectExpert in decentralized governance. PhD in Physics. DAO architect and blockchain
entrepreneur since 2014. Founder of La'Zooz and Backfeed.
https://www.linkedin.com/in/matan-field-92a2b396/
Adam Levi Linkedin, CTO & Technology
Deep Blockchain technologist. PhD in physics from the Technion. Former IDF radar
engineer. Twenty-two years writing code.
https://www.linkedin.com/in/adam-levi-ph-d-3bb5164/
Oren Sokolowsky, lead developer
A passionate decentralization advocate and dreamer. Highly experienced full stack SW
developer and team leader. More than 20 years in a wide range of SW development projects. Loves transforming vision into code.
https://www.linkedin.com/in/matan-field-92a2b396/
Yehonatan Goldman Linkedin, COO
Polymath and connoisseur of operations. Crypto investor & explorer since 2014. Winemaker
and archeologist.
https://www.linkedin.com/in/yehonatan-goldman-90a437a0/
Advisors
Daniel SchmachtenbergerCo-founder, Neurohacker Collective. Founder, Critical Path Global. Evolutionary philosopher and integrated systems strategist
https://www.linkedin.com/in/daniel-schmachtenberger-6902174a/
Jordan Greenhall
Co-founder and ex-CEO of Divx. Co-founder of MP3.com. One of the leaders of the Deep Code
movement.
https://www.linkedin.com/in/jordangreenhall/
Yoni Assia
Founder and CEO of eToro.com. Board Member of Meitav Dash. One of the pioneers of crypto
trading.
https://www.linkedin.com/in/yoniassia/
Martin Köppelmann
Co Founder and CEO of Gnosis. Entrepreneur and thought leader in the blockchain space.
https://www.linkedin.com/in/koeppelmann/
Partners
Gnosis - decentralized prediction marketSapien - social news platform capable of rewarding content creators and curators (another future ICO)
Menlo - platform for investing in blockchain startups
Endor - predictions protocol
Angels - investment platform
Nfx - investment firm
Xsq - infrastructure for blockchain development
Social and media presence
Subscribers (as of 05.10.2018):Telegram: 26000+
Twitter: 4800+
Media:
Featured on: CryptoNinjas, Techworm, others
Conclusion
Green flags:- open-source project with high activity on GitHub
- available testnet
- perspective concept and market niche; demanded technology; limited amount of competitors
- experienced team with strong educational background that have founded few blockchain startups
- more or less sufficient advisory board and partners
- active team on telegram
Red flags: - Lazooz, a company founded by DAOstack CEO, is holding an ICO simultaneously
- the most similar project Aragon has released its alpha in January (nevertheless DAOstack has a wider range of functionality)
- possibly, it would be better to use own blockchain instead of using Ethereum
- insufficiently effective marketing strategy
- WP is watered down by DAO definicions; lack of market data and technical details of the project
DAOstack website: https://daostack.io/
Our Telegram Channel: https://t.me/crypto_hook