At the moment, there are a lot of big and famous organizations in the world that have a head of the company who hires employees in different areas to perform certain tasks. Can you imagine that there is no head and no company? But there is a group of people who are interested in accomplishing some goal or task, the creation of a project or something else. But, individually they are not able to perform these tasks. The DAOstack platform allows such people to find each other, to unite with each other to create something new, to attract, to call people, to negotiate a product, to share profit by a certain scenario by command voting, but not under the control of one person. Can you imagine what products could be obtained by combining the goals, interests, and desires of people by uniting them in groups? This is the DAOstack, the unification of groups of people with common goals and ideas for creation unimaginable results.
Blockchain technology provides us with the tools and infrastructure needed for innovation and optimization in each industry, and at the same time, it implements a number of concepts that would be completely impossible before the developing of this technology. DAOs (Decentralized Autonomous Organizations) are one such concept. DAO is an organization that is managed by smart contracts, their data such as financial records and rules and regulations are stored on the blockchain.
The DAO concept is full of promise and has already captivated many people but it lacks some important components that currently do not allow the DAO to be practical and feasible in the long term. But DAOstack can solve this problem. It is an operating system based on blockchain which provides a comprehensive framework that simplifies the creation and maintenance of DAOs. This solution will fill all existing gaps and will allow people to invest resources, skills, and capital to different projects.
DAOstack is an operating system based on the blockchain technology using the Ethereum as the basis which has many use cases:
• Cooperation in order to get the result. The goal is to develop products or services for a decentralized company or organization.
• Asset management and allocation of funds. It is intended for the organization of investments into a certain company or object.
• Supervision. Using the intellectual potential of a group of people to determine the subjective quality of objects.
The main advantages of the project:
• Decentralized management, based on Ethereum smart contracts, which provides an impeccable implementation of community solutions.
• Holographic consensus – an effective decision-making which is possible if they are consistent with the will of the majority of the community members.
The DAOstack Architecture
Arc – is a modular framework for configuring and deploying DAOs on the Ethereum blockchain. It is compared to Wordpress for DAOs.
Arc.js - is a JavaScript library that allows developers easily build applications on top of Arc.
The Application Layer - most users of DAOstack are ordinary users, not developers. They will interact with the platform mainly through DApps created using Arc and Arc.js.
Alchemy is the first application built on DAOstack which provides an ability for everyone to create a DAO easily, create an ERC-20 token, and invite others to participate.
The GEN Token
The Gen token (GEN) is the native utility of the DAOstack platform. The main operations in the DAOstack ecosystem, such as stimulating proposals into the collective attention will require the spending or holding GEN.
Presale: May 1, 2018. A 10% bonus will be available.
Main sale: May 8, 2018. It will be ended in 30 days or earlier, in the case of reaching the Hard Cap.
Hard cap: $30M
Minimum Purchase: 1 ETH
Type of the token: ERC-20
Total tokens: 60,000,000 GEN
Tokens to be sold: 40,000,000 GEN
Conclusion
The approach of DAOstack to creating a framework for DAO managing is quite comprehensive, one of the main objectives of the project is to make the process of creating DAO as simple as possible with the help of their Arc framework which will allow the DAOstack to work similarly to WordPress. Users will be able to access templates uploaded by developers and then integrate them with their DAOs via an interactive DApp that will allow anyone to use the functionality offered by DAOstack without having to think about its technical features.
DAOstack can be the next step in the evolution of organizational structures, especially since technology has already enabled global cooperation and collaboration through digital platforms. In general, it offers a very thoughtful solution that can have a big impact on solving extremely important problems by using the collective intelligence.
DAOstack is already on the ETH Testnet, which means that the project is progressing and is approaching a state in which it will become usable.
WEBSITE| WHITEPAPER | GITHUB | TWITTER | TELEGRAMM
Author: https://bitcointalk.org/index.php?action=profile;u=1152502
MEW: 0xec744C36ed0E60B50e3a2C95e3F23d0f86F78049