ICO Details: HarbourDAO (Token Assests Management)

ico-kingdom (31)in #cryptocurrency • 7 years ago

ICO Details: Harbour DAO

HarbourDAO is a new kind of token management organization. Not a group, or single investor head but rather everyone who owns HRB token will have a say in what Harbour does. Afterall that's what a DAO is, a decentralized autonomous organization. The benefit of doing this is you're not competing with your peers but working with them to maximize everyone's profits. HRB Token holders will vote on how Harbour controls its ETH and other assets. By community members 'proposing' buy/sell orders, HRB holders will be able to vote through smart contract on whether the proposal passes yay or nay. This makes Harbour unique in the fact that no one person or oligarchy decides on how assets are controlled.

Proposals will not be free though, this is great for cutting out the FUDers and potential market manipulators. Only when a proposal is passed by community vote the author is reimbursed the original proposal fee. The community can also post propositions for:

Buy/sell proposals
DAO Change: These proposals execute automatically and work by changing configuration values on the DAO, such as Dividend rates, Proposal Creation costs
ICOs: This proposal has yes or no options. Additionally, when holders vote yes they can pick from a range of percentages for how much of Harbour's holdings they would like to contribute.

You might be wondering, if you buy and sell in huge amounts wont that mess up the market? And the answer is yes, of course but Harbour has thought about this. By splitting up assets over multiple exchanges and buy/sell limits that can only be exchanged at small increments this should no longer be a problem.

Harbour also has plans for a new ICO platform called Adfero. Adfero harnesses the power of smart contracts to invest in ICOs as soon as they open. ICOs will be voted on by the community and also open to more than just HRB token holders. Adfero will only feature what the community believes will work hopefully cutting out fraud. In the whitepaper Adfero is only featured in a small paragraph, if you're interested to learn more specifically about it the last 3 pages of the technical paper dive into extensive details. Here: https://harbour.tokenate.io/HarbourTechnicalSpecification.pdf

The "Congress" is the brain of Harbour, everything done on Harbour is run through the various smart contracts contained in the Congress. This will allow Web3 integration with exchanges and other APIs while still connecting to decentralized exchanges. This will make the buying and especially the selling of tokens a much better process that should take away the problems of sell walls and overflowing a single exchange.

Bottomline, how will I profit from HRB tokens?

"One important aspect of Harbour is the goal to distribute its profit. This will happen on a quarterly basis, and the distributed amount will be dynamically adjusted by the DAO. The distribution will be based on the amount of revenues converted back to ETH in a given quarter. A certain percentage will be subtracted from the returns, to reinvest in the DAO. With the aim of increasing the value and holdings of the subsequent DAO. It is currently set at 25%, however this value too is dynamic and can be changed through DAO Change proposals." - Technical Paper. Alongside the value the holders HRB token (as long as Harbour continues to generate revenue) which can then be sold on an exchange.

The Team: (Click names for LinkedIn profile)

Co-Founder: Dean Eigenmann (CEO)
Co-Founder: Dylan Dewdney (CSO)

"A prescient and accurate analyst of market behavior, social psychology, and overall societal trends, Dylan first developed an awareness of how to spot mass movements through graduate level studies in Social Theory under Dr. Michael Gardiner. Leaving academia for the business world, Dylan entered the security industry in 2010, learned the business, and quickly rose from an entry-level administration role to his present directorship of the overall growth strategy of a national security firm. In addition to the above, Dylan has an abiding interest in cryptography, the blockchain, and decentralized systems from 2011 on, dating from when he first read the Bitcoin whitepaper. This interest continues, primarily via the growing Ethereum ecosystem, in which he is an advisor, investor, builder, and participant."

Co-Founder: Nick Jorens (CIO)
Co-Founder: Klajdi Ciraku (CMO)

Advisors: