The Decentranet team is proud to support the launch of the public DAOstack token sale. We believe in making it easier and more efficient to deploy projects on the blockchain, and that properly aligning incentives and bringing community involvement are keys to successful projects—attributes enables by the DAOstack platform. DAOstack has the potential to change the way people embark on start-ups, manage communities, and grow organizations by allowing participants to collectively own and manage their projects.
TOKEN ALLOCATION AND TIMELINE
Main sale starts: May 8, 2018 at 4:00am GMT
Main sale ends: When overall cap is reached *or* 30 days, whichever is sooner
Minimum send amount: 0.5 ETH
Maximum send amount: none
DAOstack is a comprehensive toolkit that provides the governance and economic framework needed for collectives to self-organize around shared goals and interests without being forced to cede control to a CEO or chairman of the board. While using the platform an organization’s voting procedures, governance rules, community guidelines, transactions, and communications are transparent. This solves a significant problem facing decentralized and blockchain-based organizations: the ability to leverage resources to scale.
Currently, organizations are dependent upon various factors to effectively organize. Accomplishing even simple goals can face significant obstacles such as mistrust between members, disparate geographical locations, bureaucracy bottlenecks, and local government rules. By creating challenges for these members to accomplish beneficial objectives for the organization, development and growth often fails to reach its full potential. In an increasingly global and interconnected world, DAOstack proposes to change these rules.
Currently, organizations must grapple with a variety of factors to effectively organize. Accomplishing even simple goals can seem daunting because of significant obstacles such as mistrust between members, disparate geographical locations, bureaucracy bottlenecks, and local government rules. These challenges prevent the achievement of objectives for the organization and growth often fails to reach its full potential. In an increasingly global and interconnected world, DAOstack proposes to change these rules.
When organized within DAOstack, a company, project, or organization’s members and leaders have the ability to change how they organize and manage their communities to achieve common goals. For instance, if you had a project organized on DAOstack that wanted to engage in community service, you would put up a proposal to the community. They would vote on that idea and the proposal. If approved, members could then vote to send community resources to those proposing the action — to get the job done. Proof and evidence of completion are provided to the voters and funds are released. The reputation of the participants can be improved based on adhering to community guidelines.
REAL WORLD APPLICATIONS
For startups, particularly of a decentralized nature, DAOstack solves a significant organizational problem. If an organization needs more developers for a project, a member of the community, whether a leadership team, department or individual, makes the proposal to the community. The community can then vote on the proposal and allocate tokens from the budget to pay for the services.
The developers are then approved by the community, complete the work, and return with results to the voters. The community could then vote to approve the acceptance of the products delivered and release the token funds as agreed upon. The developers reputation can be maintained by delivering on projects as they agreed to the community (which voted for the work to do be done and payment to be disbursed). This allows for organizations from around the world to organize and empower one another.
Essentially, people don’t have to trust each other; they can trust in the DAO tools. They can have reputational trust maintained by adherence to community guidelines. The rules and guidelines are chosen by the community rather than a top-down or central authority. Bad actors that break these rules can have their privileges revoked. Best of all, members don’t need to be physically present to participate.
Numerous studies explain the various challenges of coordinating large groups. These include motivation cost (aka “social loafing”), relational loss (you feel less connected), and coordination cost (keeping three people up to speed is a lot cheaper than keeping 3,000 people up to speed).
DAO platforms promise to reduce these costs by enabling the coordination of ever more complex activities among participants. In so doing, they could erode the competitive advantage of a traditional, hierarchical, centralized organization.
DAO platforms promise to reduce these costs by enabling the coordination of ever more complex activities among participants. In so doing, they could erode the competitive advantage of a traditional, hierarchical, centralized organization. – VentureBeat
The result is a new web of open collaboration, in which collectives can self-organize around shared goals and values, not limited by pure economic growth, with less friction, lower costs, and greater agility. As VentureBeat said, “Bitcoin markets are fun to watch, but it’s the new business models — and even societal models — that crypto enables that will be the real disruption. With a team bringing proven track records in blockchain technology and entrepreneurship, we believe the DAOstack technology can be a critical step in the evolution of society as we move toward a more cooperative and sustainable future.
To read more about DAOstack, check out their introduction video (EMBED): https://youtu.be/25wtmzBG1Yg