
DECENTRALIZED AUTONOMOUS ORGANIZATION (DAO)
DECENTRALIZED AUTONOMOUS ORGANIZATION (DAO)
A DAO PLATFORM ASSOSIATION OF LIKE MINDED INDIVIDUALS
Today, DAOs are “by and for” the Defi and cryptocurrency world. As a consequence, DAOs are difficult to set up: they require blockchain and programming expertise, skills that the vast majority of humanity simply doesn’t have. In fact, most “civilians” have no idea what a Decentralized Autonomous Organization is or what it’s for, let alone how to build and manage one.
DAOs hold great promise. But the promise will remain unfulfilled if creating and managing a DAO cannot be simplified, if it cannot be brought to the masses in a way that ordinary people can understand and implement.
Peter Kent January 2022
The DAO promise should be: easy creation, full customization, and efficient management of DAOs on a purpose-built platform rich in DAO functionality.
The solution needs to tackle the issue of scalability through its accelerated Collective Consensus Mechanism, which distributes validation rewards through a collateralized payment coin that also serves as a medium of exchange in the ecosystem.
The blockchain should be developer-focused, incentivizing the development of new DAO features, in response to DAO founders and participants discovering new needs and requirements.
A DAO platform should be designed to function as a revenue-generating and self-sustaining ecosystem, powered by the a native token. Holders of the native token, staking their tokens in nodes, earn a transaction validation fee and become members of the Platform DAO, the custodian of the protocol.
The DAO platform should begin with solutions such as the following:
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