DAO Labs: Its DAOVERSE and social mining demystified
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Good morning, afternoon and night to all of the crypto people here again! it is I again, your Mr. Decentralized which is going to update you another chapter of our social mining explanation and how does the DAO Labs' Daoverse works.
A lot has evolve in the lives of people on how to do work nowadays. Other people get to work on-site which is the most basic type of an employee-employer relationship, there is also freelancing jobs wherein an employee can work from home and others can work remotely when it comes to web development or other computer-necessary jobs.
During the times of campaigns in the early stage of crypto industry, I do have made tasks from campaigns and airdrops from different projects but you do not have really a control about how they distribute or a big "IF" they will pay you because there is no contract as to whatsoever or there is no escrow. It is just depending on the trust on each other and most of the time, there are bad actors in the industry wherein after you finished a task and you produced a quality type of task, the founders or owners and its team will just abandon the project and the one who made the task just got nothing after doing a great job advertising the project's token or the vision of that specific team. It's all uncertainty.
That kind of setup still exists today in certain platforms and that's what DAO Labs founders, team and its community to be replaced by a legitimate way to earn crypto while doing certain quality tasks for a project and how does the overall positive social media impact and HODLing benefits both the investor, the DAO Labs social miner and the client project working synchronously to achieve a certain goal.
In this article, what I am going to talk about is all about social mining and how does it work plus a more focus on its $LABOR token. If you also want to check my blog post on my intro about DAO Labs, check this out: https://steemit.com/daolabs/@frankydoodle/dao-labs-the-social-mining-project-where-community-matters-most-and-the-platform-for-the-value-givers-and-social-miners
The DAO Labs and its DAOVERSE
---> Let me tell you how the Dao labs community collaborate with each other for a maximized efficiency and output of the good governance for a project that is being social mined. I will explain it in a layman's term and simple terms so that you won't be confused and has less technical jargons.
A. DAO Labs SaaS
---> SaaS means "Staking as a service". Which means that this feature and service is a type of staking mechanism wherein people around the globe if they want to 'earn' from the social mining of a participating project in the DAO Labs platform, the person needs to have to buy a certain amount of tokens in order for their wallet to be 'scanned' by the technology of DAO labs team in order to be eligible in getting the 'workdrop'. More onto this later.
Who does SaaS benefit from? All people in the current projects ecosystem. Why? Because supply and demand as usual. People want to have a certain part of the pie of the coming 'workdrop' which is the token that the person bought in order to be able to participate in the workdrop social mining in the first place. More demand, price goes up for that certain project for example HBAR or QTUM. Then after quite a while, being a social miner lets you earn that certain token or coin as well! Especially if you did really good, the community will 'merit' you for a job well done. Quality is the name of the game as always than quantity. WIth more upcoming developments of the DAO Labs team to the platform and for the community, eventually we will go and be the 1st and the best decentralized workplace being run by the community.
B. Allocations for the community, not for VCs(Venture capitalists)
--> As a start, check this video by one of our community member:
As you can see in the video, the DAO Labs project is focused on its community rather than the venture capitalists that are just investing in start ups and then leaving the retail investors behind after the cliff and vesting of their tokens. Which causes the imbalance and lack of funds of the project owners and resulting to the dump and leaving the project since no one in the ecosystem trusts the developers anymore.
With the DAO Labs ILO and LABOR allocations, there is this 'DYOR' of the DAO Labs team which makes the investors' money intact and for sure has adequate vesting and cliffs that are suitable for retail investors. Take note also guys that the allocations will only for those who have created value in the social mining platform so it will always be a win-win scenario for the comunity, project owners and retail investors! No VC can get allocations in this kind of scenario.
C. DAOVERSE social mining platform v1
---> This is where the social miners will do their work during the social mining tasks are up. If you want to see how it looks, you can go to https://community.daolabs.com/
As you can see in there, you will need to signup in order to view its contents. Once you have signed up, you will be able to see all of the needed tools in there as well as the live tasks if there are any for social miners to work on. The first time I saw it, it looks like and has a Wordpress vibes. I liked it because it is clean and sleek.
D. Social mining governance platform V2
---> As I have read the docs, this seems to be where you will see the $LABOR tokens in action wherein social miners will vote as to what projects' allocated rewards to social miners will go through. That is where $LABOR tokens come in. It is being distributed to social miners depending on their quality of work and contribution to the whole DAO Labs ecosystem.
How does social mining work on DAO Labs
1. Specific roles/jobs of DAO Labs social miners
---> Once you are logged in to DAO Labs social mining platform, an onboarding survey will appear and there you will fill out the necessary details so that the roles and tasks will be 'in-line' with your profile. Here are the roles that you can see:
Those were just a few of the roles that a social miner can have. The more skills you have, the more you can earn from the workdrop! Compute skills are always a necessity these days like editing videos and making memes. But don't worry! There are also social media tasks for people and creating tiktok videos or other stuff with writing that anyone can do!
2. Kinds of tasks
---> Depending on the need of a project proposal from their marketing department or developers, there will be tasks for different kinds such as social media retweet, Facebook and Instagram postings, writing, video making, memes, coding, debugging, bug hunting, feedback, Telegram tasks and much more! The more you contribute, the more you are being recognized as a social miner and climb up the rankings!
3. Points system on DAO Labs
---> In a typical work, we have a wage. This is like the wage here on DAO labs. Wherein each set of task has a certain points depending on the complexity and the time needed to finish a certain task with effort. Of course, there will always still be a quality check of each work. It doesn't mean that you submit something, they will compensate that already. It's a big NO. Let me remind you that each workdrop points has an equivalent amount of money to be given to you. Aside from that, being their social miner for a year now and they haven't missed any single payment! Talk about integrity!
4. The Reputation score on DAO Labs
---> In terms of work quality, this is like the 'incentives' part. Wherein each social miner along with their quality work being done on the platform, they will have more 'say' in the allocation of the workdrop because of their built reputation points inside the community and platform. Reputation is crucial and important in the DAOVERSE because it is like the gold standard of being a social miner. The project's team will be the one to issue the reputation to whoever deserves it and that's what separates a true social miner to just in there for the money.
To those who are doing social mining, for DAO Labs, these reputation score that are being given to you, do not underestimate it because these are guaranteed allocations on the 1m USD worth of $LABOR tokens. So do your best and put the work on the tasks and you will be rewarded along with the upcoming projects on DAO Labs DAOVERSE.
5. How each social miner member get paid
---> All accumulated points and reputations for the certain period will have an allocated amount of stablecoin or the native token of the project doing the social mining in the DAO Labs platform. It is precise and no room for error because the technical savvy team of DAO Labs has technology to check each of the users wallets and reward them with their special formula. Take a look at the example of DAO Labs social mining campaign for this one.
As of the time of this writing, social miners are being paid by BUSD. Amazing right? It will be sent to their ERC-20 wallets.
6. Connecting social media accounts like Telegram and Twitter
---> The DAO Labs team has APIs that allows each social miner to connect their accounts and be able to use that to make the retweets and tweets get accounted immediately! It is on the Profile page of your account in DAO Labs.
I hope you enjoyed and learned something about the decentralized workplace for the new generation DAO Labs! For more information again, check out their social media channels and documentation which I will provide below and see you on the DAOVERSE!!
Website: https://www.daolabs.com/
DAO Labs documentation: https://docs.daolabs.com/social-mining-docs/
Pitch Deck: https://drive.google.com/file/d/1gIkfAyaO8DzdQJO7DoGnFOsi5gr2nN5Y/view
Medium Blog: https://medium.com/dao-labs
Twitter: https://twitter.com/TheDAOLabs
Telegram: https://t.me/DaoLabs
Youtube: https://www.youtube.com/channel/UCF6ZIYuwezGjG1wOPW8Fctw
About the author: Francis3
in the DAO Labs app.