The technology is getting advanced day by day. It has adopted a number of changes even in the transaction process. It has made our lives easier that now we can relax thinking about transaction processing. Due to the blessings of cryptocurrency and blockchain network processing, it has made things possible to this length. For enabling all the possible changes and make the service run DAOstack has come into the market as a toolkit for the exponential organization. It is sponsored by the decentralized companies, funds, and markets to make faster and innovative decisions at scale.
Blockchain Governance
The agency under the supervisions of DAOstack has some basic unit for governance over the blockchain governance system for the start transition function. It collects all the required inputs from the blockchain addresses into the certain rules to spell out the productivity items in order to make the blockchain global state transition into place.
Important Rules
The blockchain governance system has a little difficult processing structure but it can be explained in an easy manner. The agency can manage an ETH fund by some simplest possible way for native FND tokens internally and it is known as Fundis. It follows three important rules into the Fundis governance system includes:
Fundis makes some collective decision to send ETH from the main wallet to a certain blockchain address that makes an investment. This action takes place with a proposal to put up some agents. The agents will possess a certain amount of ETH to an address and the agent will vote yes or no on the proposal. It will be weighted by a certain number of funds that the voter will have for their address. As soon as the majority of FND holders approve the proposal, it executes the functions automatically.
The next rule improvises the Fundis upon the establishment of FND tokens. Such tokens will be issued and sent to the buyers as per ETH to one FND and this will last for a certain period of time in a week.
The last rule involves the FND holders to send their main Fundis Wallet to get their share back of the ETH existing into the wallet for the moment of pro rata and then the FND will be destroyed for the holder. This also involves a few immediate issues with the governance system.
Input and Output Agents
The governance system highlights every sort of issues with the blockchain governance. It demonstrates all the initial statements of a blockchain governance system for the state transaction function. It also collects inputs from blockchain addresses below a certain rules spells out a global state transition. It is covered with four types of inputs for the agents to inject into the company that consists of:
- A proposal submission
- Voting yes or no for an existing proposal
- Sending ETH to Fundis for purchasing FND in the first week of establishment
- For claiming the ETH shares back, Fundis will require sending FND
Possible Actions
Based on the results of global state transitions, it has three possible actions that Fundis can make. These rules are triggering them correspondingly:
- Issuance of sending FND to the senders of ETH at the first week
- Sending ETH from the Fundis wallet into the senders FND for pro data and for burning the FND
- This will send the ETH to a certain address followed by a successful proposal
As the blockchain company starts their life with millions of assets into thousands of community members and DAOstack make the developing decentralized application system easier with the customizable tools for collective resource management, decision making, budgeting as well as incentivizing. With all these protocols the system is making the adoption process reasonable among the users.
WEBSITE : https://daostack.io/
WHITEPAPER : https://daostack.io/wp/DAOstack-White-Paper-en.pdf
ETH ADDRESS : 0x97B8125f4ef8818e869038C2eB15db2479E453C1