Introduction
The advent of the Blockchain is an innovation with continuous improvements and a surge of revolutions in the mainstream of digital currencies and organizational advancement. It is a platform that keeps evolving and birthing diverse systems leveraging the power of the internet to simplify and solve the human problems relating to all spheres of life.
DAOstack is the newest operating system providing an interface for the governance of Decentralized Autonomous Organizations. (DAOs)
Decentralized Autonomous Organizations are organizations powered and operated by smart contracts with their data comprising rules and regulations and financial records-all stored on the Blockchain. As a result, DAOstack aims to be the vehicle for running DAOs.
Introducing DAOstack
DAO is a concept that is full of promises and prospects but requires a framework, an interface that will make it both feasible and successful. This is where DAOstack comes in to provide the necessary framework that will dictate the creation procedures and maintenance of DAOs DAOstack will provide a system that will enable people to pool resources, capital, and skills to various projects.
The Relevance of DAOstack
The bulk of the people on the Blockchain have paid attention to DAOs because of the potentials and power to change how organizations will exist and be operated in the future. DAOs can create an organizational structure that entirely open with all its collectives managed via the economic incentives and smart contracts, the operations of DAOs are based on different parties or groups of people cooperating and collaborating to achieve a shared goal and their motivation is in the promised economic incentives that make resource sharing possible.
While DAOs sounds promising with massive potentials, they have yet to be deployed and operated correctly due to the lack of a reliable decentralized governance system or interface. And that is what DAOstack aims to provide.
The DAOstack will take advantage of the Blockchain technology and run on it as the interface providing people with the economic and governance platform for DAOs. It will enable thousands of open source creators, freelancers, and persons with necessary resources to collaborate to produce DApps.
DAOstack aims to enable several people to pool resources to one project while the ownership remains with the peoples that contributed. DAOstack could be licensed to Windows in a PC that allows various applications to run on it. It will enable DAOs to be created and operated without inhibitions.
DAOstack is a common governance framework with its tools to allow companies or individuals to run their organizations in a decentralized way or autonomous self-governance-made possible by the group of stakeholders.
DAOstack has outlined three modes of approaches for organizations, and they are The Assembly mode, the Fractional Federal mode, and the Mesh Network mode.
The DAOStack is broken into categories such as the governance protocols, proposal system, reputation system, reward system, and sharing system. The tools through which the DAOstack will function include wallet, token, smart contracts, voting, dashboard, app store, database, and the marketplace.
Problems DAOstack Is To Solve
- Organization’s inability to start due to size
- Organization’s failure to react quickly to the market forces or trend due to size
- ICO startups lacking the structure to manage themselves
The DAOstack Tokens
DAOstack has its tokens, the currency and the unit of measurement of ownership, right, or exchange on the DAOstack platform. The tokens are a total of 100,000,000 and 40% of which shall be sold in the ICO.
Team
Advisors
For more information;
Visit https://daostack.io/
Whitepaper: https://daostack.io/wp/DAOstack-White-Paper-en.pdf
Eth address: 0xDedb6039f564d50f107D6C27794Cd2C283E878d0
Btt link: https://bitcointalk.org/index.php?action=profile;u=1811995
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Awesome piece. The project looks great from your explanation
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When is the ico ending
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