A Decentralized Autonomous Organization is mostly run autonomously where code is the law. It is connected to many devices and people through p2p network using Internet. A DAO must have a set of laws, rules, economic model, norms, governance model and safety features.
These features are mostly set by the computer programs written by humans. In most cases, codes learn by themselves using machine and deep learning, however, in some cases, it may require code review and upgrades by humans. Major changes in a DAO are decided by majority judged by stake weighted votes from the stakeholders.
Most of the Steem DApps can be considered semi-DAO. The technology for full-DAO is not there yet.
My goal is to build a DAO based trade simulator.
Few ideas about monetizing the DApp/DAO or create value for @dTRADE token.
DApp will have adsence/sponsor to make it sustainable. If any profit left after the maintenance, then TRADE tokens will be purchased from the market to provide it value, similar to BNB token idea.
Or, Simulator users will be required to use TRADE tokens to participate in simulations. Every new user will be given free TRADE tokens to start which will be sufficient to make decent number of trades. However, heavy users have to buy or earn TRADE tokens. Tokens can be earned with writing blogs, posting vlogs, commenting and simply trading (with positive outcome). Top (simulator) traders will be supported by the DApp budget since they will be blood and bones of the DApp.
The best performer will be earn @dTRADE tokens. Also, the contributors will earn tokens too by writing articles, commenting. helping others, etc.
I am looking for collaborators, devs and even ideas.
AskSteemit: What kinds skills of Steemians, one can use to build a Decentralized Autonomous Organization?
Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.
Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.
Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger
$rewarding 14mins 50%
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Interesting idea, I think crowd sourcing ideas/trades is the way forward and we have seen that happen on other platforms like eToro. If steem account holders can create a similar system, it could work well as we already have an existing crowd of crypto investors. If we also make it easy for new users to join, then it could have some real potential.
I like your idea in regards to advertising and using funds to purchase the token to provide it with value.
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I would also think that there would be an opportunity to integrate with TradingView to assist. If we could use and integrate the blockchain, it could add value to that platform as well.
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