DAO STACK: decentralization operating system For the developers of ...

About the project

DAOstack is a new platform based on the blockbuster. As the developers themselves say, this is the operating system for the collective mind. Ecosystem DAOstack, according to the plans of developers should become a new network of open cooperation, in which companies can independently organize work and coordinate common goals.

In February 2018, the project implemented a test network, the Arc.js tool, an API with which developers can create applications based on the Arc framework. According to the road map, the release of the pilot program is scheduled for the 4th quarter of 2018, and a full-fledged working version is planned for the fourth quarter of 2019.

Concept

DAOstack is an infrastructure operating system based on blocks for DAO. In short, DAO are decentralized self-organizing companies, they provide joint asset management, decision-making powers and coordination of work.

The decentralized system will allow participants in new projects to achieve better results, improve efficiency, coordinate the work and coherence of start-ups.

The platform is based on the Ethereum ecosystem and includes a comprehensive toolkit that allows for open, decentralized cooperation on a large scale.

Here is what can be distinguished from the main functions of the ecosystem:

Provision of economic and administrative basis;
Increasing self-organization within companies aimed at achieving a common goal;
Decentralized regulation;
More reliable and quick implementation of team decisions;
The most effective solution of the tasks.

One of the features of the ecosystem is incentive in the form of bonuses at the individual level, which subsequently increases the effectiveness of collective cooperation.

The platform operates on the GEN token, which is distributed among the participants, due to this, DAOstack will be easier to develop, easy to implement and improve.

For whom is the project created?

DAOstack is created for those who want to jointly own and manage funds and assets, make decisions that are guaranteedly coordinated with the will of the majority. The platform will be in demand for business, charitable organizations, investment funds, insurance organizations, the media, etc.

Also, developers can use the DAOstack platform. With the help of the platform, they can jointly create decentralized applications with open source. The project offers several architectural tools, such as Arc, Arc.js, ArcHive and Alchemy. Also, you can interact with Web sites using HTTP. DAOstack will interact with web companies, applications, DAO and take their interests into account.

Based on the platform, users will be able to:

To launch new companies within the DAO, to set up their own to distribute coins, rankings, search for performers and pay them bonuses.

Monitor the progress of projects, set goals, formulate decisions and receive remuneration.

Form large-scale networks of developers using open source code.

Arrange business agreements and interact with third-party companies.

Invest in controlled and proven diversified portfolios of blockchain projects.

How it works

At the heart of DAO are agencies. The agency is a structural unit, controlled by means of smart contracts in the block. Each agency is assigned its own token based on the advantages of the company, and the agency also has separate reputation systems that depend on and the degree of influence on the company's internal affairs, as well as an individual coordination system, a kind of charter, in the form of smart contracts. The agencies are subject to verifiable rules that can not be violated.

Each agency has the opportunity to send its members a kind of reputation points. Reputation is an indicator of professionalism, as well as the degree of influence within the organization. Reputation is an asset that can not be bought or transferred. Points of reputation are awarded or earned by participants, depending on their contribution to the organization's affairs.

Reputation depends on the level of authority for decision-making within the organization. Those who make the most intelligent decisions will be awarded a higher level of reputation.

DAO is a decentralized network of agents. It is noteworthy that such a network of agencies is also an agency. There is no single point in the organization. Instead of a centralized management system, in such an organization an indirect agency regulation process is carried out, which is accomplished through incentives and program code. DAO is a self-regulating unit, similar to a living organism, rather than a corporation.

Consider the simplest decision protocol, which is theoretically decentralized, stable and, to some extent, scalable. This protocol also represents one of the voting systems implemented on the basis of the DAO stack:

Decisions are initiated with the help of suggestions. Agents make their proposals, after which the voting takes place.
Voices of agents are calculated on the basis of their reputation.
After the offer becomes open, a certain amount of time is allocated for its consideration (for example, two weeks), after which it should be closed. This means that by the end of the indicated deadline, the decision must be made on the basis of the relative majority of votes of the reputations (ie only those who participate in the voting are considered).
In order to avoid attacks at the final stage of the voting process, the decision, which has won the majority of votes, can not be changed at the final segment. In other words, if on the last day of voting the majority of votes changed from "pro" to "against", the vote is prolonged for one more day. Voting is considered closed only if during the last voting day the decision was not changed.

At each point in time, a limited number of proposals can be considered. The remaining sentences remain in the queue and are ranked by the system. As soon as the next proposal closes on the stack, the proposal from the queue, with the highest rating, becomes open.

Any agent can move his offer up one by one. Promotion occurs with the help of rates in the form of tokens. If the offer passes, to the one who made the bet, his tokens are returned. Otherwise, the used tokens are destroyed. The system also provides for the possibility of distributing tokens between some or all of the voters.

In this way, the DAOstack platform provides the basic tools needed to make decisions with the collective mind.

The project team

Matan Field, CEO, Co-Founder

Leading expert in the field of decentralized management. Candidate of physical and mathematical sciences. The architect of the DAO and the blockbuster entrepreneur since 2014. Co-founder and Chief Executive Officer, Backfeed (ecosystem with block chains at the grassroots level). Co-founder, La'Zooz (joint transport using crypto currency)

Adam Levi, CTO, Co-Founder

Expert in the field of blockade. Has a degree in physics. In the past, a radar engineer in the IDF. He has been writing code for about 22 years.

Yehonatan Goldman, COO

Specialist in the field of operational management. Since 2014, the investor and researcher in the field of crypto-currency.

Oren Sokolowsky, Lead Developer

Highly qualified full-stack software developer and group leader. Has more than 20 years of experience in various software development projects. Co-founder, La'Zooz (joint transport using crypto currency). The leader of the team is Embedded SW, VeriFone.

Advisers

Daniel Schmachtenberger

Co-founder, Neurohacker Collective. Founder, Critical Path Global. Evolutionary philosopher and system strategist.

Jordan Greenhall

Co-founder and ex-general director of Divx. Co-founder of MP3.com.

Yoni Assia

Founder and CEO of eToro.com. Member of the Board of Meitav Dash. One of the pioneers in the trade of crypto currency.

Martin Köppelmann

The founder and CEO of Gnosis. An entrepreneur and a leader of opinions in the blockboy sphere.

ICO

Public sale of the tokens will begin on May 1 at 00:00 MSK and end on June 7, 2018. To participate in the ICO you need to register in the whitelist on the official website.

The upper limit of the total investment amount is 30 million US dollars. Non-sold tokens are burned.

Distribution of tokens: 40% will go on sale ICO, 40% of tokens remain in reserve, 10% in reward to the development team and 10% of tokens will go to business development.

Total tokens: 100 million, the number of tokens that will be sold at ICO is 40 million.

Symbol: GEN, ERC-20

MVP: Yes, Github and Mainnet are launched in the coming weeks

Crowdsale-Presale Bonuses: 0-30% bonus. Strategic bonus of 100% with a 2-year period of blocking.

Verdict

Daostack ICO has a good future. It is already interested in a large number of crypto-investors, since the project has no analogues. A strong team and advisers with proven experience in the field of blockbusters and entrepreneurship. Also there is Demo and Github, their main network is launched in the near future, which indicates more confidence that this idea will find precedents very soon. A really good and rather innovative idea, which is really applicable and useful. To sum up, DAOstack is a promising project with a positive medium-term potential.

More information:

Website: https://daostack.io/

Whitepaper: https://daostack.io/wp/DAOstack-White-Paper-en.pdf

Telegram Community: https://t.me/daostackcommunity

Telegram Announcements: https://t.me/DAOstackChannel

Twitter: https://twitter.com/daostack

Medium: https://medium.com/daostack

Youtube: https://www.youtube.com/c/daostack

Forum: https://forum.daostack.io/

Github: https://github.com/daostack

ANN: https://bitcointalk.org/index.php?topic=3334795.0

Author : rajee89