The blockchain companies have got a new life through millions of assets. Thousands of community members have the capacity for effective deployment of the resources into the actions. DAOstack is the name of an operating system or a toolkit for an exponential organization supported up the decentralized companies, funds, and markets to make it faster and innovative at the same time for making decisions at scale.
DAOstake helps to develop the decentralized applications easier or more than ever before with some customizable tools for collective resource management, decision making as well as for incentivizing.
Agency Functionalities
Agencies can be deployed on the Ethereum blockchain through the DAOstack. It can work as a principle for doing anything that can be done on the blockchain depending on some particular issues like:
Token Distribution: Every agency of DAO can be issued as a distributor of their native tokens for contributions of the value of the organization. The issuance of native tokens facilitates the organization for creating a separate economy of their own. The benefits the utility of the tokens for anything whatever the agencies decide. This entails the access to the DAO’s product as utility tokens. This can also entail a share of the revenue for the agency as it is known as shared tokens.
Funds Allocation: The organization can earn o collect through their own token sales for external tokens like ETH, GEN, or some other DAO’s tokens. It can keep them in reserve and distribute for the third parties in exchange for a particular effort or for the contribution. This analogous to the agency for using the funds for compensation of the contributors, employees or other service providers.
Reputation Assignment: All the agencies can assign for reputation scoring to the members. It represents the professional credibility influenced by the organizations. It opposes to have a traditional blockchain based tokens for the reputation which is not transferable. It has already earned some specific members according to their merits and contributions made to the organization and thus it has been awarded for that.
The reputation is tied to the decision making power through the organization with a reputation to be allocated. Because of the reason, the organization believes in making the best decisions. For not locking up in the decision making power, the organization would need to decide the reputation of dissipates over time.
- Collective Data Curation: Every organization has the capability of managing their collective database of objectives in terms of maintenance for the curation. There is no obligation of curating such as it can be a curation of articles, websites, organizations or anything else. The power of the shared database lies into the network effect.
If someone I looking for some space at the same spot for the reason of well-curation, then the spot is valuable and monetizable like collective DAOstack registries, the ArcHives etc.
External Activity: The agencies can be acted within the other agencies as a single entity. For some instance, it can submit the proposal to another agency or DAO in the purpose of voting on others’ proposals.
Governance Upgrade: The organizations can be configured and updated if the governance system upgrades by time. This will approve or remove some certain elements into the agency to define the functions regarding what can or cannot be done as well as the mechanisms for making changes for the governance schemes.
DAO is operated with smart contracts on the blockchain. It pursues the verifiable rules and it can never be broken but changeable only in accordance with the rules themselves. It is the central management for indirect agents and it is known as biology as stigmergy triggered as incentive and codes. This serves according to the functionalities and makes the system viable.
Website : https://daostack.io/
Blog : https://medium.com/daostack
Youtube : https://youtube.com/c/daostack
Whitepaper : https://daostack.io/wp/DAOstack-White-Paper-en.pdf
MEW ADDRESS : 0x564b03ed5a4B32345d1E229f409Ad52D759d7e11