OVERVIEW OF DAOSTACK
Blockchain innovation has given us the devices and foundation that was expected to enhance and streamline in each industry out there, and in doing as such, it has presented various ideas that would have been out and out incomprehensible before this innovation tagged along. DAOs (Decentralized Autonomous Organizations) are one such idea; a DAO is an association that is controlled and keep running by smart contracts, their information, for example, money related records and principles and directions are altogether put on the blockchain.
Basically, DAOstack is an all new "operating system" that can be utilized for the administration of DAOs. Despite the fact that the utilization of this stage, open-source makers from everywhere throughout the world can cooperate and together make a wide exhibit of DApps (while dispersing 'singular proprietorship' inside the item to supporters of significant worth).
Notwithstanding the greater part of this, DAO Stack can likewise be utilized by crowd curators to cooperate and oversee positioning stages that would then be able to be utilized inside the travelling sector, advisory business sector and so on.
DAOstack enables you to create and interact with online organisations, collaborative applications and as well as to customize their interests. The result is a new network of open cooperation in which collectives can self-organize around common goals and values, beyond pure economic growth.
DAOstack is the operating system for DAO. Thanks to DAOstack, thousands of open source developers can jointly
produce decentralized applications (DApps), while at the same time disseminating individual property rights to the co-author of value. Crowds curators can jointly own and manage multi-valued ranking systems to compete against Yelp, TripAdvisor or YouTube. Autonomous networks can carry out collective investments or an insurance fund. We believe that DAO will radically change the way people organize themselves, from startups to corporations, non-profit organizations and even nation-states. DAOstack develops the basic elements needed to enable this transition to the future of work.
DAO is a public source tool. They are now possible thanks to the development of ETH. ETH is an open block chain that acts as a decentralized digital tool to implement P2P agreements. As noted earlier, DAO is a company managed by law and encoded in an intelligent contract and operating in a block chain. There are many methods. DAO operates on the basis of a transactional token, consensus, proposals, contracts, autonomous voting.
COMPONENTS OF DAOSTACK
ARC: The base layer of the stack, is a library of smart contracts on the Ethereum blockchain, each of which represents functional elements that can be mixed, matched and modified to create the complete governance protocol for any given DAO
The ArcHives: a set of shared registries designed to enhance interoperability among the DAOs and Dapps. Any new tool, all offers and requests, and any new DAO will all have their own registry.
Arc.js: a JavaScript library that allows devs to easily build apps on top of Arc without being familiar with Solidity or the blockchain. With Arc.js, any organization or industry has the option of creating a custom interface suitable for its own use cases. DAOstack envisions ultimately hundreds or thousands of such Dapps deployed on Arc.js.
Dapps Layer: This is where organization members will interact with the DAO through the Dapps.
Alchemy: The first App on the stack. It will be a tool to help DAOs budget and allocate resources. With Alchemy, anyone will be able to create a DAO in a few clicks and create an ERC20 crypto-token if desired. There’s also a prediction market function, that will help organizations prioritize important proposals. The future roadmap for Alchemy includes greater customizability, integration with other popular collaboration tools, mobile support, and bounty systems.
Holographic Consensus: A process where small groups can make decisions on behalf of the larger majority, in an incorrupt way. To avoid plutocracy in the DAOstack, the process will separate token ownership and voting power into two different currencies.
THE USES OF DAOSTACK
Some of the key uses of DAO Stack include:
ORGANISATION
Through the use of this platform, it can become easier for sole organizers from around the world to come together and create startup operations, companies, non profits etc.
FUTURE READY
As earlier mentioned, this technology is fully scalable, and can be used to accommodate any future innovation irrespective of its demands or size.
GOVERNANCE
One of the key uses of the DAO Stack is its ability to govern financial systems via the use of a token based ecosystem.
WORK PROCURATION
Another avenue where DAO Stack holds immense potential is within the world of recruitment and hiring. It can be used to source quality workers, collaborators via the use of a ranking + bounty system.
THE TEAM
DAOSTACK has a dedicated team, full of experience and expertise. visit their website to know more about the team members.
Details of the GEN token:
• GEN token is for this DAO STACK system, basic operations on the platform will require processing of the GEN token.
• Symbol: GEN
• Chip type: ERC: 20
• Total token: 100 M
• ICO Tokens: 40 M
• Hard limit: 30 M USD, USD fixed, remaining tokens destroyed
• Token sharing: 40 percent
• ICO: 40 percentage
• Reserve token: 10 percent
• Team: 10 percent
• Business development: 1%
• Price one token: 0.75 USD
• GEN / ETH is TBD based on page cost
• MVP: yes
• GITHUB and MAINNET are introducing in the next few weeks
• Crowd sales bonuses, Advance sale: 0 to 30 percent
• Strategic bonus with a two-year closing
time Distribution of token time
• After sales end in May
For more information, please visit:
Official website: https://daostack.io/
Bitcointalk ANN: 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
bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=1832138
