The DAO or Decentralized Autonomous Organization is a concept that will be completely leaderless or companies and other organizations can one day operate without hierarchical management. And thus, the community started thinking about forming such organization.that worked on the principle of blockchain and deals in providing cryptocurrency as the venture capital funds. This allows for more open and transparent organizations with autonomous governance. Dao stands for a digital decentralized autonomous organization that worked on the foundation of Ethereum blockchain that helped in structuring the decentralized business model for commercial as well as non-profit enterprises. It is just like Bitcoin but dealing with a smart contract that is Ether as the virtual currency.
How DAO works?
Basically, Dao is a code that is open sourced and has some set of rules and regulations such that how a company can run without having any delegation of authority. It works on the foundation of blockchain technology that provides the transparency and lack of centralized authority that reduces cost and gives access to the investors. DAO was built as a smart contract on Ethereum blockchain and deals in ether rather than bitcoin. DAO gives rights to vote to all the holder of ether in one organization and then they decide on which project they want to invest and provide funds according to the votes. The DAO was also installed with an exit door known as the “split function”. This function allowed users to revert their decision of investing the ether on one’s project and get them back from DAO.
Daostack?
Daostack is a project 4 years in development. Lead by Matan field (PHD theoretical physics focus on string theory) and Adam Levi Daostack (PHD theoretical physics focus on the quantum effect on blackholes) they have an all-star team of extremely intelligent researchers and developers. Daostack is registered in Gibraltar.
DAOstack is an operating system for DAO. With the assistance of DAOstack, several open supply creators will create decentralized Apps. , DAO Stack is a whole new, operating structure that can be applied to the governance of DAOs. Though the use of this system, public source makers from all over the globe can work jointly make a large array of D Application (while distributing personal ownership within the item to participants of value).
In addition to the whole of this DAO Stack can also be applied by crowd curators to work jointly and hold ranking systems that can be then applied to the advisory and travel filed etc.
DAOstack Collective Intelligence Block-chain based Governance main Features
• Work Distribution:
While the use of DAO Stack platform, clients will be capable to traditionally search projects, define particular work for any other, conduct the specific study. Not just that, entire of this independent job can then be place jointly quite simply through the use of the base DAO Stack platform.
• For every person:
This feature can be used by every person. Whether we are free creators or a huge firm, DAO Stack can be scaled-up, and when the condition demands.
• Open Source:
The API applied by this features is open source based, and can, therefore, be used by self-governing creators (to drive innovation within this domain)
• Business contracts:
A highly known function of DAO Stack is its capability to facilitate contracts among 2 or more parties form a particular job-related project.
• Huge investment portfolio:
DAO Stack offers all of its consumers with an option to sort business contracts, cooperate among projects and invest in a curated portfolio of advanced block-chain plans.
DAO Stack is an extremely interesting idea. In order for block-chains to avoid power consolidation, they will require solving governance of DAO. For more details, you can visit their official website
DAO Stack Layers
GEN token details:
• GEN token is for this DAO STACK system, basic operations across the platform will need GEN token to process.
• Symbol: GEN
• Token Type: ERC: 20
• Total token: 100 M
• ICO tokens: 40 M
• Hard cap: 30 M USD, Fixed to USD and remaining tokens will be destroyed
• Token split: 40 percent
• ICO: 40 percent
• Token reserve: 10 percent
• Team: 10 percent
• Business development: 1o percent
• Price one token: 0.75 USD
• GEN / ETH is TBD based on the page cost
• MVP: yes
• GITHUB and MAINNET is introducing in the next few weeks
• Bonuses crowd sale, Presale: 0 to 30 percent
• The strategic bonus with two years locked up time
Token distribution timeline
• After the open sale is concluded in May
The team
The team is simply outstanding. DAOStack is combined but the team works remotely worldwide.On their website they list out a number of project members ranging from devs to legal to finance. A broad set of skills to help run the company behind the scenes. That’s a lot more than many crypto projects can say.
Leadership
Matan Field, CEO: Impressive background . PhD in Theoretical Mathematics and Physics. He has a worthwhile TEDx Talk on YouTube.
Adam Levi, CTO: Impressive background once again . PhD in Theoretical Mathematics and Physics.
Yehonatan Goldman, COO: He appears to handle the business aspects of this project. He’s also a wine maker. If I ever get to meet him I hope I can try some of it.
Advisor
Jeremy Epstein: co-founder of Crypto Explorers, a blockchain community based in Switzerland
Jordan Greenhall: video of Jordan chatting with DAOStack
This list is by no means comprehensive of their advisors. I am still completing my own due diligence.
PARTNER
Conclusion
Budding companies have been hugely benefitted from the services offered by DAOstack as they can now evade the pressure associated with the decision-making process during investments and use of resources. Management has been made a lot simpler with the advent of services offered by DAOstack. If you are struggling with investment thoughts DAOstack is something that you could give a try and there isn't a slight chance of it disappointing you.
If you’re interested in DAOstack, these are the important links:
• OFFICIAL WEBSITE: https://daostack.io/
• ANN Thread: https://bitcointalk.org/index.php?topic=3334795.0
• WHITEPAPER: https://daostack.io/wp/DAOstack-White-Paper-en.pdf
• YOUTUBE: https://youtube.com/c/daostack
• TWITTER: https://twitter.com/daostack
• TELEGRAM: https://t.me/daostackcommunity
Prepared by:
Bitcointalk Username: chamika888
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1261329
0x696e26d899CE028b6e231c071E4AccF61F90efe7
DAO Stack offers all of its consumers with an option to sort business contracts, cooperate among projects and invest in a curated portfolio of advanced block-chain plans.so this will be a hell of a success project.
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