Being born of man equates to magic, but what kind of business is behind it?

There is one job that has been very popular in the crypto community recently, and it has become popular overnight. They are also called ConditionDao.

The process of human birth is very magical. Historically, internet users believed that it was enough to raise funds on the blockchain platform, but they did not want to "promote and develop the miracle", which resulted in a disruption of the chain. And the Dao special tool after him, the JuiceboxDao industry, has become the focus of every listener.

So, today at the World Chain Investment Research Institute, let's take a look at the unique characteristics of people with birth defects compared to magic movies with friends. What economic system is behind it?

The Magic of Reality: It all comes down to brilliant ideas.

Let us first see the birth of man.

The story begins at Sotheby's in the United States. Sotheby's will auction a "copy of the US Constitution" on November 18, 2021. This document is not small. It was one of the earliest copies of the "Worker" and the last copy of the United States Act of 1787. It is also one of 11 copies of the existing Constitution. writers. It is also the first competition for the Sotheby's collection to open in 33 years.

Meanwhile, a young internet user named YoungMoney broke the cause of the incident online, and said his friend Austin called him two days ago and told him he wanted to buy the Law Bridge. at Sotheby's auction. He created a law called the ConstitutionDAO (Decentralized Autonomous Organization). ) want to raise funds through crowdfunding.

The fundraising will take place on the Juicebox blockchain platform, and DAO manages the tokens People are placed at the same time, which are exchanged into 1ETH = $ 1 million PEOPLE, and the goal is to raise $ 20 million . After the DAO Act broke the news on Twitter, it quickly gained the attention of over 2,600 people. Everyone started discussing it, and it was reported that 2,611 people joined the Discord chat organization, and various media reported one after that.

Although the entire training lasted for 4 days until November 16, 2021, crowd income was only 27% of the goal, or 1235,541 ETH, or over $ 5.4 million. We had good results, but we still have a big difference from our old goal.

The reversal of the incident occurred on November 17. After several days of fermentation, the story ended with cracks and cracks. Overnight, ConstitutionDAO's revenue suddenly doubled to $ 12 million. As of the 6th, ETH topped 6,000, with a total value of over $ 40 million, and the crowd not only met the standards, but hit over 200%.

Unfortunately, the global construction industry is perfect, but the results shown in leadership are quite different. The benefits of DAO politics are incredible, but ultimately the dream cannot defeat the power of capital. On November 19, the results of the tender were announced, with Capital winning the collection for $ 43,173,000, and the DAO tender process was finalized.

Is there another city? Will people be leaving the industry altogether or will they be at a disadvantage in the near future?

After the DAO law fell, the story had to end and officials said they would start making money. ConstitutionDAO has stated that the platform's refund will be equal to the old service i.e. 1ETH = 1M PEOPLE tokens, and all Juicebox donations will still be returned on the promised Juicebox form.

The DAO law announced the end of the work, but this period became important for people and gave them new life. After the incident, the human value starts at $ 0.004 and reaches over $ 0.02 at a time, which is unusual.

With the so-called “If you miss the East, pick up the mulberry,” the DAO legislature hasn't finished eating the “copy of American law,” but has deliberately opened new doors. Many have even linked people to the spirit of DAO. And when Web3.0 got together, I thought "People are the spiritual leaders of DAO and Web3.0".

What is interesting is that the “copy of the law” that ConstitutionDAO tries to follow contains a very classic saying: “Now people have the opportunity to become our people. “Our people” here is exactly the soul token that the people represent.

People: The JuiceboxDAO financial machine.

People quickly gained popularity, and the after-stage fundraising channel JuiceboxDAO also went public and made headlines.

In doing so, JuiceboxDAO is committed to developing financial DAO management software, its rights and data creation are open source.

In fact, JuiceboxDAO itself also has its own financial and management token. The policy is JBX and the distribution mode is 35% reserved and distributed to first addresses (groups) and 65% sent to payers. Note that there is no maximum limit for JBX advertising, but as ETH donations increase, JBX advertising will decrease accordingly (currently JBX publishes ETH will decrease by 10% every 2 weeks) .

The economic mechanism of Juicebox can be divided into two categories:

Level 0, the simplest of all, is based on the Juicebox project and allows the use of crowdfunding and discounts. For example,

I paid 5 ETH for security and got 5,000,000 tokens, you also paid 5 ETH and received 5,000,000 tokens. So there are now 10 ETH in the safe, for a total of 10,000,000 tokens. And I can swap half of the tokens I have to get half of my total budget. It means you can get a refund.

Level 1 adds a hold value that divides the percentage of tokens assigned to the name of the address in advance. For example, the project has set a retention rate of 10% which is subdivided into multiple locations in the DAO. I paid 5 ETH and got 4,500,000 tokens for the safe, you paid 5 ETH and got 4,500,000 tokens. As a result, many DAO signing sites can earn 1,000,000 tokens. Due to the holding price, you will not be able to redeem your tokens and will only get 90% of what you paid. If the holding value is 100%, no tokens will be passed to the new sponsor.

Level 2 sets a financial goal, puts money in the museum, and anyone can distribute that money to the destination first. For example, the project set a target of 1 ETH. I paid 5 ETH for security and got 5 million tokens, you paid 5 ETH and got 5 million tokens. The museum currently has 10 ETH, and the remaining 9 ETH is considered public since the main goal is to store only 1 ETH. You can trade or burn 4.5 ETH tokens for a higher investment. The 1 ETH target can still be distributed to the project and symbol holders cannot receive it.

Step 3 can increase the buyout portion, thereby reducing the financial portion of the buyback benefit. For example, the project sets up a 50% integration. I paid 5 ETH for security and got 5,000,000 tokens, you paid 5 ETH and received 5,000,000 tokens. Due to the buyback plan, if you exchange your tokens you only get 2.5 ETH. The rest is shared by the holders, during which they can exchange their tokens and receive the remaining 7.5 ETH.

In phase 4, a discount rate can be added to reduce the percentage of tokens given out and given out when receiving a free gift over time. For example, the project defined a 10% discount and a 14 day deadline. I paid 5 ETH to the bank and received 5,000,000 tokens on the first day and after 14 days paid 5 ETH and received 4,500,000 tokens.

This is especially important in Step 5. Planners can change their insurance premiums, financial plans, payback curve, and discount rates with each cycle. , which means you can customize your project as per your requirement. It is very important to trust the owner because he has a lot of energy to set up the symbolic economic mechanism of the project. The campaign will also need to strike the deal to restart token activity by establishing a voting obligation in the financial cycle. For example, if a project has a three-day contract extension, the employer must submit that request at least three days before the end of the current fiscal year in order to restore the adjustment to the financial cycle condition. The circle. If the restructuring takes place within these three days, the next financial cycle will be a copy of the current cycle, and the restructuring will take place after the next cycle of that cycle.

What will the future development of the people show?

Human coins are seen by everyone mainly because of the competition in US law. As the situation evolved, the renminbi gradually became the representative currency for the entire DAO race. When the independence of the community was achieved it was like a “coin”.

PeopleCoin wants to be a major player in its future development.

First of all, the coins have a process of deflation. It also means that the tokens are cheaper. When the first donation returns, the return of the token is also damaged. In theory, if everyone returned tokens, all tokens would be destroyed. Of course, now the price comparison and the market have signaled a slowdown, and it has come back 5 times compared to the decline after the competition failed, and it is almost 10 times the cost when the membership in DAO. As the saying goes, insufficiency is the most expensive, in fact, no one chooses to return the money.

Second, the callers provide users with a better way and plan to “cover the ground”. There is no limit to people's refund time, so users can refund based on the percentage of their past donations, and even coins that have been purchased. The store is still eligible for a full refund. This protects all PeopleCoin holders and, even worse, they can get ETH by burning tokens at the starting price of a legitimate website.

At the same time, from a “metaphysical” point of view, human money has “magical powers”. The name of the token is a person who can represent many beautiful words such as "people", "freedom", "right", "government by the people". These concepts are very representative and allow everyone to look for new and original perspectives. Tokens with large patterns and a light size are rare.

The final theme is also important. Talk about facts and information. From a modern point of view, PeopleCoin's performance is excellent, informative, and really a "good student". The human coin itself has a similar meaning to NFTs and promotes excellent trading, so it was decided that the names of the exchanges were close.

We hope that the future of PeopleCoin is getting better and better. From birth to adulthood, it is not difficult to find out that this is the most important thing. It has turned out to be a "superpower" for the world: most internet users rely on the power of web3.0 to reach or even achieve a seemingly impossible goal, which is more difficult until the completion of the impossible time. .

We hope that the power of web3.0 will disappear and have a positive impact on the world.