Presentation of DAO ecology How to create a DAO?

Contents

This sentence is divided into sections.

1. What is DAO and how is it different from traditional businesses

2. DAOs are divided into 7 types according to their purpose.

3. How to create a DAO

4. Commonly used CAD tools

5. How has DAO changed the structure of the company?

6. The future of DAO

Over the past 5 years, DAO has developed several high value cryptocurrencies on Ethereum. Whether it was Ethereum's DAO hijacked in 2016, the DAO legislature trying to enforce US laws and regulations, or the DAO Klima struggling to fix climate issues, you may have heard the word "DAO" appears only by entering into the invisible everyday.

Cooper Turley, a renowned DAO developer, says:"DAO is just a conference room for bank sharing."While this statement makes sense, it does not reflect the goals the DAO can accomplish.

At the time of writing,There are over 100 DAO operations globally, and only the top 20 manage over $ 14 billion in digital assets.

This image is enough to prove that DAO is very important. Given this phenomenal growth, DAOs pose not only a threat to existing businesses, but alsoThey become the new "Limited Liability Company".

Due to the rapid growth of the DAO ecosystem, it has experienced explosive growth this year. For some, DAO is a “new” blockchain strategy. But it has been around and developed for a long time, and what is it? How are you contributing to the field of cryptography?

Before we understand DAO, let's start with a short story.

Long ago, at the initial stage of improving business management, there were two basic design principles.Layers and networks.

At first, the hierarchy seemed like a perfect model for accomplishing a task. Staff with names as president. However, with the improvement, these models started to crack. Poor management keeps employees silent and too many people slow down decisions. An important thing is,separated employees.—— Only adults, of course.

People get stuck in the business and are not happy with their jobs. Organizations always have a lot of problems.Hierarchy, internal politics, unfair payments, lack of feedback, reliance on knowledge, etc.They must adapt to normal operating conditions. They thought it would be nice if there wasn't a full hierarchy and the work was entirely divided. Any of these people can work hard to make it happen.DAO yug.

How is DAO different from a normal business?

DAO is an independent Internet community. This is absolutely unusable in normal businesses. community throughshare a bank accountandthe same goalBring the participants together: create value using blockchain technologies.

These processes are developed by DAO members, administered by an open blockchain protocol, and can be performed without intermediaries. that's what we're talking about"Social contract", DAO is an important feature that sets it apart from existing businesses.

decentralized chim hwj

DAO owners are not just a small group of developers and entrepreneurs, but developers of the benefits of DAO. Members, strengths and managers of the whole community and everyone is involved, regardless of their "knowledge".It overturns the idea that an individual or a group "has" an organization.

This concept of “separation of powers” ​​works because everyone is involved and no one is the owner or the decision maker. All those who engage in the development and fulfillment of DAO responsibilities are always on an equal footing.

transparent

This makes DAO more transparent than businesses because a person on the blockchain can see all of DAO's operations and finances. This transparency considerably reduces the risk of corporate corruption.

This model deprives companies of data management and open source data means that many people can help with the project without permission from external resources.

This transparent process is the most important part of DAO,This is also a big reason why DAOs have become so important to Web3.

freedom

Because DAOs are decentralized, they are not an individual or an organization and therefore cannot be controlled as usual.

The rules and regulations of each DAO are set out in a clear agreement and can only be changed if DAO members vote.

DAO makes the ecosystem fair by giving all members equal access to decision-making power.All decisions of the DAO are made public, discussed, voted on and recorded in more detail.

useful

The best results are obtained when people with goals and interests work together.

Hierarchies can be a problem. When there are multiple levels of control, speed, efficiency and involvement are all affected. Most importantly, we are excluding everyone except the leader. Because the DAO has a contractual relationship, all decisions and changes in the network have been decided, which cannot be done under the responsibility of the company due to the hierarchical relationship.

anonymous

DAO does not oblige or force you to disclose your personal information.

DAOs allow traders to send money from anywhere in the world. Because members remain anonymous on the Internet, they can more easily convert and try to keep up with financial and investing decisions.

DAO is a complex subject with many areas that can be easily changed. However, in the final analysis,These are just businesses operated by a group of different people.Instead of running away from a leader. The rules and procedures of the governing body may change over time, but the spirit of the governing body is always the same.

DAO offers its members the unique opportunity of total freedom that is not found anywhere else in the market.What attracts people more than a digital and decentralized space?

DAO for many purposes

The GP divides the currently active DAOs into two groups:technological orientationandculture.

(DAO is divided into groups)

Tech-driven DAOs focused more on setting up a cryptocurrency facility and managing the chain.

The culture of DAOs is often about creating communities that bring people together and facilitate their conversations and advocacy. Management may be interconnected or may not be available at all.

make a contract

Important rules for DAOs., some DAO agreements can give community members the mandate to help people develop DAOs faster.

The DAO protocol identifies the convertible ERC20 token with a second transaction value. These tokens are used to manage contracts. Token holders have the right to comment, vote, and implement network changes.

Most campaigns vote for mining, farm income, and token distribution which opens the door to fair distribution.

write to people

In a world where investing attracts attentionSocial capital is often overlooked or worthless.Social DAO bridges the gap by the importance of capital.

The goal of DAO Relations is to build a strong community of satisfied people while enjoying DAO benefits such as membership and entitlements. Social DAO aims to create indigenous groups and challenge community norms.

Friends who benefit from:FWB describes itself as members of the best culture, a community of their favorite Web3 artists, staff and thinkers, and connects them through social media. Collaboration and collaboration (FWB).

Seed Club:Seed Club is a community with social tokens, established businesses, and crypto sites. As a Web3 incubator, we collect and process the best of relationships every year.

Cabine Dao:Probably the most interesting and unique CAD on paper. If you want to meet other online creators, businesses, telecommuters and nomads, CabinDAO is for you. They built an almost 120 square foot log home in the mountains of Texas to provide integrated living and office space for online developers.

total investment

Different DAOs have released different tokens in the world, but we need DAOs that focus on investments. Unlike social DAOs, theseThe goal of a DAO investment is financial recovery.

The purpose of this DAO is to enable its members to raise funds and invest in the early stages of the project. Unlike traditional business ventures, this decision is fair.

AJO:LAO is an international group of Ethereum enthusiasts and experts. Their mission is to "enable people around the world to use the power of capital to promote and support their favorite pursuits".

Neptune:Neptune's mission is to invest in more profitable opportunities in the DeFi ecosystem. Neptune members fundraise and then vote for a better investment.

Metacartel:An ecosystem of decentralized applications developed by creators and entrepreneurs, the team of the first DAO has taken a new step with financial and operational support.

project funding

Funding The DAO aims to promote a broader and more engaged approach and to pave the way for new Web3 funding.

Communities decide to donate and distribute the money to more DAO participants in the administration app.

Uniswap Grants:The PMU's mission is to ensure that its commitment to the ecosystem continues, and to provide $ 1.4 million to 38 parties for projects related to equipment, usability and assessment, security, information, community service and training.

compound:The Composite Financial Assistance Program aims to fund projects, strategies and activities that benefit the complex ecosystem. The community has allocated 5,000 COMP as financial aid.

Knowledge sharing

A community capable of advertising must put creativity in the right place.Service Oriented DAOs are the leading organizations in the crypto industry., unite people and put them to work on a single project. Efforts here are usually rewarded with erc20 tokens.

Raid Guild:Raid Guild defines itself as the "leader in the creation and improvement of an organization for the Web3 ecosystem". Identify the resources, brands and integrated tools to leverage and improve the Ethereum ecosystem.

Dao House:DAOhaus is a community where partners are directly involved in the design, development and exchange of real products. It is the basis of every financial proposal of the Working Group.

Yam Dao:What DAO describes itself as "a place to disseminate DeFi activities supported by community management." They are currently developing a number of projects including Umbrella (Smart Insurance), Degenerative and DAO Lighting.

manufacturing stations

Media-based DAOs typically create content for the public by collaborating and sharing giveaways to maintain self-regulation.

Media-based DAOs sever relationships between writers, broadcasters, and readers, and encourage people around the world to participate in content creation.

Average:As a curator, influencer, and creator, Forefront aims to become a thematic and community hub for a thriving social token. Forefront claims to be a pioneer in the research and development of Web3 playgrounds.

Without bank:Bankless DAO is a decentralized community whose mission is to promote adoption and financial literacy through the development and dissemination of Bankless information, culture and education.

Black stars:DarkStar's mission is to "Become a Media Developer and Reflect on Cryptocurrency Improvement Leadership." A current DAO member wrote to the Mirror about understanding understanding and its continuation.

Accumulation of assets / collectibles

Some DAOs include participants with special assets or archives (except NFTs). Collection DAOs also oversee special operations, typically fixing NFTs with long-term costs.

Doodles:SquiggleDAO is a DAO foundry that creates the art of chains. This DAO is there to support and compose works of art.

He gaveThe goal of MeebitsDAO is to fund new activities around the Meebits ecosystem.

PleasrDAO:PleasrDAO's mission is "to write and fund digital art".

How to become DAO?

Getting started with DAO is like building NFT, and it's not easy to say.

The process is very simple and there are a lot of tools to help you create it, but you will need a few tools.Technical prerequisites.

DAO requiredBe a good role model firstThere are four stages for smooth operation, which makes the structure reasonable and starts smooth.

lay a solid foundation

You will need a crypto wallet to create your own DAO. Prepare your portfolio,And find fellow travelers looking to create DAO.

Clearly identify the different goals and work with your peers to determine the DAO requirements.Determine early on why DAOs exist, what they will do and how they will workThis is the key to building a solid foundation. You can create your own community based on this, reducing the risk of failure.

Program ideas

Once you've clarified your DAO requirements and recruited people like you, the next thing to do is:Members must provide.A good membership structure will help the growth and development of DAO.

Most members are tokenized, and DAOs can divide members in a number of ways.

Some DAOs will"air drop", and distribute tokens to members according to their involvement and community activities. other"Payment", making donations to members who complete tasks and goals. Members become members by receiving tokens in traditional tokens, and some DAOs can purchase tokens through exchanges such as Uniswap.

Management configuration

The establishment of governance is the most important step in the establishment of a DAO.

In this section, you can decide what to do after the DAO is operational. The most important decision in DAO is"Token-weighted vote".

Token holders are voters and a token represents a ballot. Members provided the following information:instantaneousThen, in these devices, the voting is done according to the preferences of the other party, and the outcome is decided at the end of the smart contract.

Other DAOs have similar decision models, but with a few priority changes. These governance models often change over time.

Incentives and rewards

A DAO will grow as its members work together towards a common goal and support those efforts as a backstop.The victory of the members is the victory of the communities,That is why it is necessary to support and reward their efforts.

DAOs typically start by assigning managed tokens to early members and partners. Although this token does not have direct transactional value, it represents shared ownership of the collective DAO value. Some DAOs also reward participants with their levels and positions, as well as the expansion of cryptocurrencies (such as USDC or ETH).

When DAO is strategic and innovative, the potential for improvement and innovation is paramount.We start to touch the space,What will happen next and try something new is worth the wait.

DAO tool

Know what your DAO wantsThis is the first step in creating a DAO. Now that you have started the steps, you should know some of the most commonly used and important CAD tools in this field.

(Various CAD tools)

Web3-based DAO tools make asset management easier and easier administration by voting, giving free gifts, finding other DAOs, and more.

Here is a suite of CAD tools to help communities move forward.

DAO Group:A team of open source software designed to create and support DAOs.

Sure Gnosis:Multisig Wallet is used to manage DAO digital assets on Ethereum.

Human evidence:Ethereum's Social Verification System.

instantaneous:A voting tool based on the IPFS allocation.

Conflict:A channel for exchanging ideas and discussing management issues.

Territorial integration:A robot that gives access to tokens and alert services to the Discord or Telegram community.

Site:Use the tools to grow your community to reward attendees, encourage participation, and manage resources.

SourceCredit:A tool used by the community to measure and reward product development.

equipment:An advertising platform that powers creative activities through token crowdfunding.

taken into account:Improve management through real-time research and monitoring, management tools and learning content.

organization of the future

Now DAOs have focused on the area of ​​secrecy in their roles and objectives. They share a bank and every decision depends on how to invest or use that money. This method can be used for many sites and is not limited to the management of cryptocurrencies.DAOs can be used to create almost any type of organization.For example, organizations work better with intelligence.

So far we can be sure.While DAOs have the potential to change the traditional business model for the future medium-term business setup, large companies cannot switch to DAOs.

DAOs benefit from their own sense of focus and independence more than traditional organizations, and these best practices have the potential to replace many other business models, including cryptocurrencies and investments. . According to data from Stanford University, there are now many ways to use DAO elsewhere.

Platform management

Imagine having your favorite social media, food delivery, or transportation app! The idea is to assemble a regular Facebook, Amazon or Uber.DAO de Web2.

For example, the current Uber model requires all users to agree to the terms. Because Uber has this platform, it charges drivers and passengers at the same time.

Think of Uber as an app built by a community of users. Employees and users work together to manage the way they work and improve. Applications are integrated, not individual or corporate. Everyone gets their equity without the use of middlemen. and especiallyYour information is safe.

Large companies may adopt the DAO model for the better in the future, or they may become a member of a business group managed by the DAO..

Encourage and reward early adopters as a means of communication for further improvement and expansion.

Encourage community decision-making and the balance of competing interests.

Let your employees and users benefit from the platform, if the platform is successful, both will benefit.

Startups and SMEs

DAOs can achieve better governance in the Web 3.A lot of people like this idea, so it's no surprise that newbies have embraced the DAO model and are not accepting the old one.

DAOs can affect startup performance in several ways.

Like the capital of a business, people invest their resources in financing activities they trust. Using DAOs also gives you the added benefit of full visibility.

Low management costs when setting up an organization. Built-in support, chain support, and easy tracking of all the small changes.

knows more and more

DAOs have become popular and will continue to take this route as web3 gains more and more attention.

NFT has gone viral on the Internet and continues to attract big names in the tech and music industry (even big Adidas sportswear). This explosive growth has prompted people to take an interest in DAOs as more and more people can invest in these digital assets.

Some celebrities have entered the Web3 realm with new ideas.And create DAOs like Kimbal Musk's DAO Charity to Solve Food Allergies. We will soon see more and more organizations developing CAD to deliver exciting solutions that improve management and productivity.

The road to DAO has only just begun.This means that further exploration has yet to be discovered.That alone is worth mentioning for anyone interested in the future of DAO.

DAO is arguably one of the happiest intersections of industry, culture, and tech. This is an exciting new way to come together and create new designs together to empower people.

DAOs also represent a major change in the way we think about organizations and organizations.We are currently experiencing a major change in operations, and it will be very detailed to assess improvements over the next few years.

I believe,The next wave in the industry is product development, not the business or the industry.—— I think marketing is a combination of different environments. The future of business will be guided by the collaboration of many people, businesses and organizations, all of whom will benefit from their involvement.

In the future, I will no longer work for the company.

We contract with many DAOs and these organizations become new employers, suppliers and partners.

As technology reduces the problems of traditional business models, more and more opportunities will arise and people will have more ways to become self-reliant, financially secure, and finally do what they love.