Abstract
Machine learning, AI, automation, Robotics, Blockchain.... Economics, Society, finance, Environment..... Our world is changing hastily and we ought to follow this change.
2000 people on our Planet have a wealth of greater than 4.6 billion of the poorest. These are some stunning numbers, however no longer at all surprising. Can we blame 2000 for their success? Not all of them. Why we? They only use the equipment that the gadget afforded them, pragmatically to obtain more wealth. Is this ethical and ethical? It's a very distinct question. Being rich at the rate of others or with the aid of destroying the environment, is pretty questionable, and with common experience is very immoral and unethical. Following some predominant corporate and authorities actions, it looks like they are not residing on this Planet and need not care about future generations. The cruelty of some of their actions is truly surprising. And humans all over the world fight back..... With little or no efficiency. The machine just keeps doing what the machine does, unless it will be interrupted somehow..... One of the new applied sciences of the twenty first century offers human beings the power to intervene with positive questionable activities. This technological know-how is known as Blockchain or disbursed Ledger technology. If used in the right way, it means decentralized, that science can certainly trade the view of our future, being positive.
If plowed via the authorities and the company, it can only enslave us greater than the existing ones. A real bully in the structure and feature of DeFi, or decentralized finance, using Blockchain, is DAO, the decentralized self reliant organization. DAOs, is the building of the new financial Model the use of Blockchain to create economics, wealth and prosperity together in a socially conscious way. It takes a number of training and courage to end up a member of DAO and participate in the suggestion and voting action. However, DAO, if properly shaped from the beginning, can accomplish matters unattainable for one individual. This is why we created The.
Introduction
We will keep it simple, pragmatic and to the point. Blockchain technological know-how is designed to interfere. Disruption comes from decentralization and autonomy. The DAO or decentralized self sustaining organization, as a structure, was once born on the same day when Blockchain technological know-how used to be disclosed to the public. In our opinion, this is the world's most updated human collaboration model. This is indeed the NEW ECONOMIC MODEL FOR 21 CENTURIES. DAO efficiency is big and still desires to be explored. This is given with the aid of the high intelligence, information and Moral requirements of its contributors. Contributors can create innovative proposals in DAO that goal modern applied sciences from a number of sectors such as energy, agriculture, health, insurance plan simply by bringing up a few examples. DAO overall performance elevated many instances if it can operate in the physical world. And precisely this is what DAO GEOMA will accomplish: Create money float and wealth for the contributors.
Structure
DAO, as the shape of governance, is now not but nicely understood with the aid of the general public. Most of us are so snared in the present day system, so the DAO concept looks to be science fiction. What we know is that the corporation shape is constructed as a model with without borders expansion. Borderless growth is no longer possible. Because of its structure, such models will inevitably fail. But earlier than doing that will do anything to maximize the profit. We attain the point the place the expansion stops. And see what we left off. Look at our oceans, our forests, our water, the nice of our food, our elderly, our society. This, without a doubt, is not sustainable in the lengthy run. DAO is really a possible alternative. They can trade the economic landscape for the future of our extra mindful society.
(GEOMA DAO) is nothing but a disbursed contributor network. DAO is no longer made for fast gains, it was once created to produce consistent and sustainable boom and live, talk and interact thru clever contracts in the Blockchain. It will feature exactly like Blockchain technology:
Disturbing the traditional governance. There will be no CEO, top management, intermediate management, down management as the founder. The founders must be viewed as simply contributors to the network. Their function is solely to supervise and construct mass ownership first. Most of the money suctioning from the ICO-Market is performed through the organisation that has a pyramid governance structure. This type of centralized governance allows men and women to create a glide of uneven statistics that produces detrimental outcomes for other individuals. In different words, this type of governance, originating from a strictly regulated world, can easily lead to elaborate fraud and deep manipulation, in accordance to the concept, a decentralized world of self reliant organizations.
Proposals are the essential way of decision making in GEOMA DAO.
Voting for proposals for implementation is a need to from GEOMA DAO.
Consensus is made if the proportion of predefined contributors approves an action.
For project implementation, the contractor will be appointed by selecting.
The GEOMA DAO was created to generate actual wealth for contributors and bring cost to the community.
Governance
Governance is the most important part of DAO. Most Blockchain businesses have a centralised governance model. In our opinion, this is contrary to the core definition of what is supposed by the decentralized autonomy organization. The strength and efficiency of DAO are its participants and their capability to behavior governance. To function properly, governance will be executed thru the dApps blockchain via the governance portal. Proposals, Voting, debate, finance, Vault, Lending will all be part of the dApp. Any files carried out in the physical world through a 0.33 party operator will be assigned an ID thru the Blockchain and will be available to the DAO individuals via the membership portal. The model can be like this.
Due to the nature of our project, we selected now not to come with completed products. There are plenty of nice Blockchains in space. We prefer to construct the most decentralized. Common Sense determines that contributors of the DAO need to propose and choose Blockchain o to be built. There are three options:
Use a ready-made Blockchain construct and combine our dApps to it.
Building a toddler chain.
Or construct a absolutely new Blockchain.
Members will decide.
To have a ideal go with the flow of governance, DAO must additionally have a representative. These are folks from inside the community who stand out thru their activities and commitments. Representatives have roles, among different things, to step, when there is danger in the network, resolve this and hold the workflow at a excessive standard.
In the match of danger, as we have viewed recently, power outages or internet outages undertaken by way of Governments, or different causes, representatives will have get right of entry to to archives saved on numerous servers as a step Safety for contributors.
Paper archives should also be done. To avoid duplicates, DAO will use the Blockchain ID to tightly closed the authenticity of every document.
GMD TOKEN MODELS
The GMD - ERC20 Token be considered as a Utility Token. It gives Token Holders the right to propose, vote and take part in activities inside the Network. As the Howey check indicates, an «investment contract» exists when there is the investment of money in a common enterprise with a practical expectation of income to be derived from the efforts of others. No, due to the fact the GEOMA DAO is not a Company or a Corporation, and so it is no longer a common enterprise.
No , due to the fact the effort is a frequent effort through the entire Network. GMDST Tokens will be released to Members after the implementation of a actual world venture has been voted. This Token bears Ownership and Divided Rights. GMDST will usually be backed by means of Tangibles like Land, Buildings, Water, Forrests, Food.
TOKEN DISTRIBUTION AND PRICE
Only 21.000.000 GMD - ERC20 Utility Tokens have been minted. Token Distribution will be as follows:
5% representing 1.050.000 GMD will be used for the Bounty, Airdrop and Exchange Liquidity Program.
1% representing 210.000 GMD will be distributed to early contributors and founders.
94% representing 19.740.000 GMD will be distributed to contributors.
GMD Token Holders can earn by stacking at a maximum rate of 10%/year.
GMDST Token Holders will earn monthly benefits from the projects of the DAO.
ROADMAP
2016 2019 - Research of over 2000 Blockchain Projects and their possible impact in the Economy
2019 September - Creation of the GMD ERC20 Token in compliance with the SEC Howey Test
2019 December - Launch of the Geoma DAO Website and Media Channels
2020 January - Preparation for the Airdrop and Bounty Campaign
2020 February - Start of the Bounty and Airdrop Campaign.
2020 March-May - Formation Phase of the DAO.Vote on the best Blockchain for DAO usage.First Project Proposals.Vote on Projects
2020 May-June - Begin of Project implementation.Listing preparations.Proposals and Vote for the best IEO Exchange.
2020 June-July - IEO.Building Structure and Community.
EARLY DAO MEMBERS
Arthur Fleischer
Florin Vranceanu
Adrian Toma
Sylvester Anichebe
CONCLUSION
This is an “as simple as it gets”business model using DeFi and Blockchain Technology to create distributed wealth. The initial contribution stays intact while it generates benefits. Using real assets, combined with a DAO governance structure , makes the model fail resistant.Looking into the near future, where robots will have replaced a big part of the workforce, we can see DAO’s owning a part of the robot workforce. Should people fail to organise themselves thou, as DAO’s, or in any other form , the entire wealth produced would fall once again into the hands of the 1%. Each day 12,5 billion working hours , performed by people all over the Planet are not payed. Global Universal Income has passed the stage of just being an idea. This is in our opinion one of the most regressive ideas in human history. Imagine sitting around , doing nothing, waiting on some form of income totally controlled by governments and corporations. That is material for horror movies.
Information:
Website: https://www.thegeomadao.com/
Whitepaper: https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view
ANN: https://bitcointalk.org/index.php?topic=5216619.0
Telegram: https://t.me/geomachat
Twitter: https://twitter.com/thegeomadao
Youtube: https://www.youtube.com/channel/UCys4E09zDz9xjlyKiBZwr_g?view_as=subscriber
Github: https://github.com/Arthur267
Medium: https://medium.com/@thegeomadao
Linkedin: https://www.linkedin.com/in/geoma-dao-b0a612189/
Author
Bitcointalk username: palmet
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2602202
ETH: 0x4c9d2338eD2169DEb7481000aE746e2162fB33b7
