DAOstack: Uniting people for success

DAOstack is a blockchain-based project created for organizing workflows uniting teams and individual users. The platform implements smart contract technology to regulate the relationships between collaborators and provides the whole gamut of useful tools to drive collective work.  

  The basic concepts behind DAOstack

Although there is a large number of applications and cloud-based platforms for co-working online and in real time, they have limitations concerning the number of users and instruments. Besides, there's always a threat of data loss, forgery, hacking, server failure, and other vulnerabilities. DAOstack solves a wide range of problems, including the above-mentioned issues. One of the main benefits of the solution is Ethereum blockchain that enables fast and secure data transfer between users on a global scale. Smart contracts will help to encourage participants with tokens, and regulate the data exchange making it transparent and efficient. 

The main idea that lies in the foundation of DAOstack is Decentralized Autonomous Organizations: the platform offers a well-thought framework for self-organization around common goals and tasks. It allows for the joint production of decentralized applications (DApps) using open code. Such phenomenon as DAO will change the future of collaboration making it:  

• Acentric (decentralized): the decisions will be      made with the votes of the majority      instead of one person in head – that promotes democracy and helps to      implement a win-win strategy;
• Free of rivalry: the participants will co-operate      around ideas and common goals, not      only to chase financial success.

  Users

Every DAO in the environment of the platform is called “Agency”, and consists of a few agents that cooperate and take decisions using voting and other means. Any person can become a user of the DAOstack project: it can be a great foundation for developing company infrastructure and include an endless number of agents.  

  Technical realization

What makes DAOstack special is the implementation of numerous advanced approaches that are still on the initial stage of their development. Aside from decentralized blockchain-based management, the platform also supports programmable co-operation and incentives in the form of cryptocurrency (individual stimulation), as well as so-called “holographic consensus” – the process of taking decisions corresponding with the majority’s will. 

DAO ecosystem includes the following levels:  

• Decentralized      autonomous organizations for collaboration and creation of anti-rivalry economy;
• Alchemy – user interface and many other      functional and compatible applications;
• DApps – collective applications created on the      basis of DAOstack;
• Arc.js – the API for development of applications;
• ArcHives are locators      that improve compatibility and efficiency of DApps.
• Arc – a versatile system for management and      generation of DAOs in Ethereum blockchain.

  DAOstack team

The team is international and consists of enthusiasts and people having years of experience in coding, entrepreneurship, marketing, business, and so on. DAOstack works with a few well-known advisors, including Martin Koppelman and Jordan Greenhall.   

  ICO Details

DAOstack has emitted 40,000,000 tokens for sale: 1 GEN token equals 1$. The fundraising goal is $30,000,000, which is the goal they will be able to reach thanks to deep-pocketed investors. The ICO is aimed mostly at serious investors judging by the cost of the token and the crowd-funding goal. The private sale of GEN tokens was launched in November 2017 and is in the process: the minimum contribution is $100.000, which is a considerable investment (it is unknown what sum has already been reached).  

The public sale will last from May 1st, 2018 to June 7th, 2018. Ethereum currency is accepted only – it’s a serious hindrance for potential investors. The minimal and maximum personal cap isn’t stated, which also makes it hard to estimate the risks and decide upon the sum of investments. Judging by the minimal personal cap during the private sale, the public sale may also have strict limitations.  

  Token allocation

  100 mln emitted tokens will be used the following way:  

• 40% - development of Genesis DAO;
• 40% - buyers;
• 10% - current elaboration of DAOstack;
• 10% - reserve for the future elaboration of DAOstack.

  Bottom line

The ideas behind DAOstack are revolutionary, and this platform has a huge potential to change the future of collaboration. From investors’ point of view, the project is controversial: there isn’t much information concerning the use of funds and investments, no minimal or maximum personal cap stated, no discounts for early buyers. Besides, there’s no information concerning the results of the private sale. Investment can still be risky, so detailed analysis is needed when the team starts the public sale and gives information concerning the limits of personal contribution.  

  

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