DAOstack: THE NEW GENERATION

  There are a lot of big and famous organizations in the world. Organizations or corporations are built on the fact that there is a certain director of the company, which recruits employees in different areas to perform certain tasks. Now imagine that there is no director and no company. There is a group of people who are interested in accomplishing any goal or task, be it a project creation or something else. But, each of them in itself is not capable of doing everything itself. Let's talk about the DAOstack ico.

The DAOstack platform allows such people to find each other, to unite to create something new, to attract, to call people, to negotiate a product, to share profit by a certain scenario by command voting, and not under the control of one person. Imagine only what products could be obtained by combining goals, interests and desires of people, through their rallying into groups. It can be the best sites, the best videos and even movies and I think in the future this circle will not stop at the Internet industry and grow into something big, grabbing real estate, exchanges, shops and much more. This is DAOstack, the union of groups of people with common goals and ideas, to create unimaginable results. 

 How does DAO work?
DAO is an open source software that can modify member consensus. They are currently made possible through the development of Ethereum. Ethereum is a public block chain that acts as a distributed virtual machine for executing peer-to-peer contracts.As already mentioned, a DAO is an organization that is managed by rules and encoded in Smart Contracts and runs on blockchain. There are many ways that DAO works, such as Transaction Tokens, Autonomous, Consensus, Contractors, Proposals, Voting. 

FEATURES

 Agencies
The basic components of DAOs are smart companies or agencies (we will use those terms interchangeably). An agency is an atomic governance unit that manages and operates with intelligent blockchain contracts. It has its own token (related to the benefits of the company's resources), its own reputation systems (related to credibility and influence on company matters) and its own governance system (its "statutes" codified in contracts smart).

The governance protocol incorporated in the intelligent contract of an agency can be anything that comes to mind. A simple example is a governance system based on proposals, with a yes / no majority vote on the proposals needed for approval and execution (which are an action in smart companies). The proposals can be about the distribution of tokens, for example, and the votes can be weighted by the voter's reputation. We are going to give a handful of other examples in the next chapter. In a heuristic visualization it could look like this:

 THE ARC FRAMEWORK
Arc is an evolutionary framework for scalable governance

ADAPTIVE: Arc supports an infinite number of governance elements. Its library of schemes and global constraints will evolve as the DAOstack ecosystem grows, with new templates and modules developed and added by the open-source development community and third parties.

MODULAR: Every DAO’s governance structure is made of small building blocks – governance modules, or elements – that can easily be added, combined, edited or removed. Modules do not need to be redeployed onto the blockchain, but rather only referred to, saving storage and operation costs and enhancing security.

UPGRADABLE: The governance structure of each DAO can easily be upgraded to use new schemes and constraints, or different parameters of existing ones.More granularly, each DAO created through Arc comes with a particular set of rules, which by default include the rules to change the rules.

ECONOMY

DAOstack runs on GENGEN is the native token of the DAOstack platform. Basic operations across the DAOstack ecosystem – such as promoting proposals – will require the spending or holding of GEN. GEN will be distributed to contributors of value through the DAOstack framework itself, incentivizing development, promotion and adoption .

BENEFITS OF THE PLATFORM

1. Collaboration to Produce Results ("Work")

In cases where the goal is to develop or deliver products and services - roughly speaking, decentralized "companies" - decisions that need to be made about how to appreciate individual contributions, and how to budget for projects and other purchases. Which projects should be funded? How much would James have to pay for the article, or Sally for the software upgrade? What will be the process for verifying and evaluating the work? Should an organization invest in office space or this, legal support, or a PR firm?
Examples include the following:

• A film project of 1,000 artists
• An open-source software project of 10,000 developers
• Climate initiative of 50,000 scientists
• A collaborative news network of 100,000 journalists

Soon such an organization would be able to use Alchemy to collectively collect tokens and reputations, find collaborators, and offer bounty to professionals. Or they can create a special Dapp on the stack if it is more suited to their needs.

2. Asset Management

The collective types make decisions primarily about asset management and allocation of funds. Should we invest in this company, or the property? Should we pay this claim? Should we sell the asset?
Examples include the following decentralized version:

• Venture funds
• Insurance network
• Charity fund
• Pension fund
• Collective real estate investment

3. Curation

Curation networks utilize the wisdom of the people to determine the quality of the objects. What content should appear in the feed, or newsletter? How reliable is this company? How good is the food in the restaurant?
Examples include the following decentralized version:

• Restaurant or hotel guide, similar to Yelp or TripAdvisor
• Articles or video feeds, similar to social news feeds or Reddit
• List of websites, like a social curated Google search

4. All On Top

In practice, many DAOs will include decision making in more than one category. Open source software projects, in addition to rewarding contributors (case 1), may collectively curate which code will be included in each release, or displayed in its bulletin (3). Conversely, social networks, in addition to curative content (3) having a business to run and having to pay developers, marketers, legal personnel, and so on (1). And any organization may wish to invest the proceeds from its activities into other businesses  

ABOUT TOKEN SALE 

 The company's Token will be GEN, it will be used in the DAOstack platform itself, for performing various kinds of activities, for example, attracting people and their attention, promoting ideas, also tokens can be obtained from projects created on the platform, they will be distributed among its participants. To participate in the ICO, you must undergo the procedure of KYC (know your customer). For US citizens, unfortunately, there is a ban on the purchase of tokens, as well as future participation in projects. Token is built on the already familiar ERC20 database. The full project is planned at $ 30 million. A total of 60 million tokens will be produced and a possible 40 million more are planned in the future (60 + 40). They will be distributed as follows:

• 40 million tokens will go to conduct ICO (private sale, pre-sale and main sale);
• 10 million will go to the "project participants", including the team, advisers, people providing services for it. Tokens of the team and advisers will be blocked and can be used only after 2 years after the main sale.
• and the remaining 10 million tokens will remain for future participants and users of the DAOstack ecosystem.

In addition, the fund, managed by the DAOstack community, in which everyone can participate, will be able to cash in addition to 40 million coins as soon as the platform manifests its stability and security. 

 For more information and joining Daostack's social media, please follow the following sources:

WEB SITE: https://daostack.io/
WHITEPAPER: https://daostack.io/wp/DAOstack-White-Paper-en.pdf
YOUTUBE: https://youtube.com/c/daostack
TWITTER: https: / / twitter.com/daostack
TELEGRAM: https://t.me/DAOstackChannel 

AUTHOR: https://bitcointalk.org/index.php?action=profile;u=1918721