eosDAC Voting Has Already Reached 4.59% of the Required 15%!
As you may or may not know, I've been working quite a bit with @eosdac this year which is a Decentralized Autonomous Community-owned block producer for the EOS network. We're the only block producer on EOS that isn't destined to be controlled by just a few people. The EOSDAC token holders vote in 12 custodians for a term of 7 days. Each new period will reset the multisignature permissions for the DAC to the top 12 voted custodians. Those custodians, through various permission levels, have control of the DAC including the block producer revenue, the smart contract code, the configuration of the DAC, and approving or denying worker proposals.
On Saturday, December 15th, we reached a significant milestone where we turned on voting for the DAC. Right now, anyone with EOSDAC tokens can vote for custodians. If you had EOS on April 15th, 2018 it's possible you also had eosDAC tokens so check your Ethereum wallet where your EOS were stored. Once we reach 15% of tokens actively voting, the DAC will be launched and the system of multisignature permissions and custodian pay will begin.
This is an exciting moment for moving forward with decentralized forms of governance. I hope many centralized systems today which have single points of failure and non-deterministic processes and outcomes will eventually transition into decentralized, deterministic (autonomous), community-driven projects where everyone is a customer, an owner, and a worker if they want to add value and be rewarded.
Here's a screenshot of the eosDAC Member Client right now at https://members.eosdac.io/votecustodians
If you know anyone with EOSDAC tokens (or even EOS who may not realize they have EOSDAC tokens), please let them know eosDAC is now live and looking for their involvement. Have them join the DAC and vote with their tokens so we can launch and turn over control to the people. It's an exciting time, and we could use your help getting the word out.
Tweets like this can help:
Whatever you can do to share the word!
Thanks and check out https://eosdac.io/ if you have more questions. If you want to get involved, join the community in Discord at http://discord.io/eosdac
Incredible to see the progress! I remember you presenting the concept to the community! Is there an alternative way to login other than Scatter? While I finally setup my wallet, I used SimplEOS before moving to my Hardware Wallet. I have some @eosdac tokens and would love to support the project (already voted). Let me know if there a way I can get to vote.
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Thank you! Currently it's just Scatter, though we hope to support some mobile options in the future like EOS Lynx and MEET.ONE. Our core focus at the moment is getting the basic functionality in place: token and members contract, custodian voting and permissions, and worker proposal system. The worker proposal system is the last major peice we have left, but yes, I would love to see this used in multtple ways. It's built using Material Design and the Quasar framework so, in theory, we can easily push it out for mobile, web, and even desktop applications.
Curious, which hardware wallet are you using?
I am using the Fairy Wallet Interface with the Ledger for my EOS but still have my @eosdac tokens on the SimplEOS desktoo wallet. I have actually been working on a post to walkthrough the process which took some time to do... I am hoping more start to exercise their vote!
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Voted.
You were included in my 5. :) Good job!
@holoz0r, across this?
What is the point of being an eosDAC token holder?
Will the eosDAC community establish token value by guaranteeing buyback based on a calculated NAV? Are we to expect dividends or interest payments? Will the DAC start accumulating real world assets like rental real estate?