DAOstack - a framework for managing decentralized autonomous organizations (DAO)
*About DAOstack
*Objective of the project
*How does it work
*Main advantages
*Command
*ICO Details
*Conclusion
The technology of blocking has entered our life relatively recently, but many solutions with its use have been proposed, which allow optimizing existing platforms. One of the platforms that decided to improve one more area of our life - the management of decentralized autonomous organizations (DAO) - DAOstack. The concept of DAO, by the way, also arose due to the blockade. What is it? This is an organization that is managed through smart contracts, and the data of this organization are stored in a block chain. This concept is promising, but still has some shortcomings, because of which it is not very convenient to use. This is where DAOstack, the platform that offers the solution to this problem, comes to the rescue. Let's find out how.
About DAOstack
DAOstack offers an operating system for decentralized autonomous organizations (DAO), which can be used to manage companies (or their cooperation) working with decentralized investment funds and managing decentralized education systems. The audiences of their technology are companies with a huge number of employees - from hundreds of thousands to millions of people, who they seek to help through
expand the capacity for organizing, managing and making public decisions. The system is equipped with a stack of technologies and protocols for managing collective tasks on the block, including a library of smart contracts for management and a JavaScript development environment based on Ethereum.
Objective of the project
DAOstack is a platform that aims to make it easier and more convenient to create, manage and maintain the DAO. Now there is no definite structure that would be managed by decentralized organizations, this is exactly what DAOstack offers.
How does the platform work?
Agencies (so they will be called DAO clients) work with smart contracts on the blockroom. For them, there are rules that can not be violated and compliance checked. They may or may not be autonomous depending on their chosen management system, for example, the agency can independently reserve a veto in the decision-making process for another agency.
Decentralized hedge funds, pension funds, venture investment funds and other decentralized autonomous organizations can be created using a set of management and operational tools that Daostack offers. These tools make it possible to make their creation as user-friendly as possible. Imagine that earlier this was a complicated process, in which you had to understand and delve very long, to come up with the best options, now they are doing it for you. Of course, you need to figure it out, but it's much easier.
The reputation assessment mechanism is an important component in the DAO. With its help, it is possible to ensure fairness in decision-making in a decentralized system. DAOstack has integrated a reputation system,
where each DAO can assign reputation points to its members, which can not just be transferred, it's like a separate currency. They earn a reputation through positive contributions to the DAO, actions that benefit. Did a useful thing - a plus to karma, that is, to the reputation.
DAOstack will allow DAO to manage, maintain and maintain its own collective databases.
Each DAO can customize its own management structure, which is suitable for it. They can add or remove some elements, define the agency's functions and indicate what it can or can not do.
Main advantages
The first and most important thing is that it will be easier to unite and create companies, non-profit organizations, etc. from anywhere in the world.
The platform's source code is open for general access (see Github), which first makes it open to changes for the better, and secondly, independent developers can use the source code to improve and promote innovation. By the way, if you look at the Github platform, you can notice a fairly active update of the code, which indicates a constant development, improvement.
The advantage is also that the platform seems to be able to meet the needs of any organization - you can choose from the many blocks and modules necessary for you. And the conclusion of agreements, contracts and so on between the parties will be much easier, thanks to the platform.
The Arc infrastructure that is used in the platform with Alchemy DApp and ArcHives makes the process of transforming, creating, deploying and managing the DAO incredibly simple, allowing you to create DAO for everyone, and they can interact with each other. This is a plus not only for the DAO organizers, but for thousands of people who will be provided with Internet work. In addition to technical problems, the social one is also being solved. Just imagine that this is all thanks to one platform!
ICO Details
Token Symbol: GEN
Platform: Ethereum
Hard Cap: $ 30 Million
Total number of tokens: 100,000,000
ICO: starts on May 8 and lasts 30 days or until the hard cap is reached
Cost: 1 GEN = 1 US dollar
How to pay: ETH
The GEN tokens are necessary for access to the DAOstack ecosystem, with their help you can vote for any suggestions to draw attention to them. You vote, that is, you make a kind of bet on this offer, if it passes successfully, as a reward you get additional tokens. A kind of risk, but at the same time a pleasant bonus, as in a casino. Also tokens are used as currency in the market or for payment of services. Anyone who wants to create DAO through the Arc framework will need to enclose the GEN tokens, spend tokens on the management modules they need to organize them, and then register them with Mosaic. To advance requests and services, tokens will also be required. DAOstack tokens are necessary for anyone who wants to become a part of the ecosystem, their direct link to the entire ecosystem will ensure that they will become even more valuable depending on the growth of the DAOstack ecosystem. The Arc.js gateway will make these tokens relevant to people who are not directly part of the ecosystem, as they allow front-end developers to create DApps, and then integrate them with DAOstack.
Conclusion
DAOstack provides the basic tools for the creation, operation and management of the DAO. This is something like Wordpress just for DAO. Wordpress is a framework that allows everyone and everyone to create their own personal site, everything is already thought out for you, you only need to select the necessary elements. With DAOstack also. Choose what you need and work. Everything is fast, simple, convenient, structured.
The DAOstack team already had experience working with the block, as well as in the field of software development and business development. Having a lot of experience gives hope that the platform will be implemented really high-quality, it will work quickly and most importantly, it will be able to achieve the set goal - to simplify the work and management of decentralized autonomous corporations. In general, the DAOstack project is quite interesting, the basic technology seems thoughtful and, no less important, is backed by a strong economic model that will motivate active participation in the ecosystem. If you have any questions, or just want to get acquainted with DAOstack, you can do it on the official website, social networks are also actively being conducted, where you can find all relevant news regarding the development of the project.
- More information can be found here:
- WebSitе
- Whitepaper
- Telegram