ISO sounds great, can you elaborate?
OK! This is a very good question!
The web is a gift for everyone, as its inventor Sir Tim Berners-Lee said: "This is for everyone". In the age of Web 3.0, in order for everyone to reclaim ownership of the Web, we believe that "DAO is for everyone". From this perspective, DAO is far less sexy than we reckon.
When we think about all this, the lack of utilities for DAOs is the core reason. At the same time, we have also seen that the current approach for DAOs to obtain donations or financing is basically the ICO method that was popular in 2017, even though Ethereum founder Vitalik had proposed "Explanation of DAICOs" in January 2018.
Solving the financing problem for small DAOs is at the core of realizing "DAO is for everyone".
We propose an ISO (Initial Staking Offering) method here. ISO is a way of issuing Tokens through Staking. Participating users only need to delegate the rights and interests of the staked PoS Tokens they hold to the DAO community to receive the DAO community token (communityToken). The DAO community in turn gets the Staking Reward for the PoS Token that has been staked.
This approach has the following advantages:
- Stake minting of communityToken, providing basic value support for the communityToken;
- The PoS Token of users are staked on PoS chain, its security is protected by the PoS chain, and ownership is always retained by the users；
- Lower participation costs, and lower risks of fund loss, balancing the innovation of ICO and the omnipresent fund-loss risks.
Some people will think that the DAO community only receives the Staking Reward of PoS Token by block, and its financing efficiency is too low. This is the disadvantage of ISO no doubt. However, when we think of its huge potential market, this shortcoming seems to be more than compensated.
It can be seen from Stakingreward that the top 10 PoS chains have a total of $136 billion in underlying assets staked globally, and the annual staking reward is as high as $9.7 billion. If 10% of the staking reward is used to support the launch of DAOs through ISO, nearly $1 billion of funds will be funneled into DAOs every year, driving the realization of "DAO is for everyone".
After the DeFi Summer and NFT mania, Staking Economy will very likely take over and drive the further development of blockchains. Just like the cold winter of 2018-2020, Staking Economy silently supports many projects and entrepreneurs. Staking Economy will revive through ISO.
Appendix：
Polkadot Crowdloan
An ISO approach to help parachain launch. Community users will hold PoS Token (DOT) for staking through parachain, whereas parachain will get the right to access the Polkadot relay chain (Staking Reward), and community users will receive parachain Token.
Currently, 10 parachains have been launched through Crowdloan, and 11 parachains are being launched through Crowdloan. Polkadot Crowdloan is staking a total of 129 million DOT, accounting for 13.1% of the total DOT supply, and the staked assets reached $2.3 billion.
Walnut ISO
Nutbox Walnut enables anyone to create a community ISO module without coding, any DAO can cold-launch through the ISO module.
If you want to know more about ISO, please check this article: https://steemit.com/walnut/@nutbox.mine/iso-a-low-risk-financing-approach-for-small-daos
AMA Sessions
Nutbox Telegram AMA: Quickly Build a Web3.0 Community 2022-03-18
Nutbox × Gamefox Infinity 2021-11-12
Nutbox × Moonbeam 2021-09-22
Nutbox × SubQuery 2021-09-14
Nutbox × Crust 2021-09-08
Nutbox × Astar 2021-08-31
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Nutbox Introduction
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Sook Jin GOH,
Nutbox Ambassador for Malaysia,
Director at Nanyang Global Scientific Research Centre
