GEOMA DAO

ABSTRACT

Machine Learning, AI, Automation, Robotics, Blockchain Economy, Society, Finance, Environment Our World is altering speedy and we need to preserve up with this Change. 2000 People on our Planet preserve extra Wealth than four They just use the equipment that the System is giving them, in a pragmatic manner to acquire greater and greater Wealth. To get rich on the fee of others or by means of destroying the environment, is very questionable, and by way of frequent sense deeply immoral and unethical.

Following some of the moves of large Corporations and Governments it seems like they are no longer residing on this Planet and that there is no want to care about coming Generations. The Technology is known as the Blockchain or the Distributed Ledger Technology. If hijacked by means of Governments and Corporations it can solely enslave us more than we already are. A real disruptor in the shape and functionality of DeFi, or Decentralized Finance, the use of the Blockchain, is the DAO, the Decentralized Autonomous Organization.

DAOs, are constructs of a New Economic Model the usage of the Blockchain to create a shared Economy, Wealth and Wellbeing in a socially aware way. It takes a positive quantity of education and courage to emerge as a member of a DAO and participate in proposals and vote casting actions.

Starting in 2009, a new technology is presented to the public. It's called: Blockchain or Full Consensus Distributed Ledger Technology. This technology can be a big step in the Evolution of Mankind for Freedom and Prosperity if used in the right way. It can replace the Financial System as we know it, can replace most of the stock market and can carry out government functions. It is impartial, thus just, and cannot be damaged. On the other hand, if this technology falls into the wrong hands, it can enslave and destroy most of humanity. Projects built on this technology must always include, as a use case, Prosperity and Freedom.
A project must always be evaluated according to 3 simple rules: Is the Project a real use case? Has the potential to be adopted? Is this sensor resistant?

STRUCTURE

A DAO, as a governance structure, is no longer yet nicely understood with the aid of the common public. The is nothing else than a Distributed Network of Contributors. The DAO is not created for quickly profits, it is created to generate regular and sustainable boom and it lives, communicates and interacts by using Smart Contracts on the Blockchain. The founders ought to be viewed as pure contributors to the Network.

The most fund-siphoning from the ICO-Market used to be achieved through Companies that had a Pyramid structure of governance. This regular type of centralized governance allows persons to create asymmetric information flows resulting in hazardous consequences for different individuals. In other words, this type of governance, coming from a strictly regulated World, can without problems lead to elaborate scams and manipulation in the, with the aid of concept, decentralized World of the Autonomous Organization. = Proposals are the most important way of decision making inside the GEOMA DAO.

= Voting upon a idea for implementation is a have to characteristic of the DAOM GEOMA. = Consensus is created if a predefined percentage of contributors agree upon an action. = For undertaking implementation, Contractors will be appointed through voting. = The DAOM GEOMA is created to generate real Wealth for its contributors and deliver fee to society.

GOVERNANCE

Governance is the most essential section of a DAO. Most Blockchain Companies have centralized governance models. Proposals, Voting, Debate, Finance, Vault, Lending will all be section of the dApp. Every bureaucracy performed in the physical world via the 0.33 party operators will be given an identity by means of the Blockchain and will be handy through DAO participants via the Membership portal.

Common Sense dictates that the DAO members advise and vote for a Blockchain o which to build. = Members will decide. In order to have a flawless governance flow, a DAO have to also have Representatives. Representatives have the role, amongst others, to step in, when there are risks inside the Network, type these out and hold the workflow at excessive standards.

In case of hazards, like we have viewed a lot recently, power outages or internet shutdowns performed by using governments, or different causes, Representatives will have access to the archives saved on numerous servers as a safety measure for the contributors. To keep away from duplicating the DAO will use Blockchain IDs to secure the authenticity of each document.

GMD TOKEN MODELS

The GMD - ERC20 Token ought to be considered as a Utility Token. It gives Token Holders the proper to propose, vote and take section in things to do within the Network. As the Howey take a look at appears, an «investment contract» exists when there is an investment of cash in a common company with a lifelike expectation of profits to be derived from the efforts of others. No, due to the fact of the GEOMA DAO.

= is no longer a Company or a Corporation, and so it is not a frequent enterprise. No, due to the fact the effort is a common effort by the complete Network. GMDST Tokens will be released to Members after the implementation of a real world challenge has been voted. This Token bears Ownership and Divided Rights.

GMDST will continually be backed by using Tangibles like Land, Buildings, Water, Forrests, Food a. Only 21,000,000 GMD - ERC20 Utility Tokens have been minted.

DISTRIBUTION TOKEN AND PRICE

= 1% representing 210,000 GMD will be distributed to early contributors and founders. 0 GMD will be dispensed to contributors. Giving the Nature of the Project and its actual world purposes GMD /GMDST tokens can be swapped at a rate of one hundred GMD/1GMDST. GMD Token Holders can earn via stacking at a maximum price of 10%/year.

GMDST Token Holders will earn month-to-month advantages from the projects of the DAO.

2020 February - Start of the Bounty and Airdrop Campaign. Vote on the pleasant Blockchain for DAO usage. First Project Proposals. Vote on Projects 2020 May-June - Begin of Project implementation.

CONCLUSION

This is an «as easy as it gets»business mannequin using DeFi and Blockchain Technology to create dispensed wealth. Using actual assets, blended with a DAO governance shape , makes the mannequin fail resistant. Should humans fail to organise themselves thou, as DAO’s, or in any different structure , the entire wealth produced would fall once once more into the palms of the 1%. Imagine sitting round , doing nothing, waiting on some structure of earnings completely managed by means of governments and corporations.

INFORMATION:
Website: https://www.thegeomadao.com/
Whitepaper: https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view
ANN: https://bitcointalk.org/index.php?topic=5216619.0
Telegram: https://t.me/geomachat
Twitter: https://twitter.com/thegeomadao
Youtube: https://www.youtube.com/channel/UCys4E09zDz9xjlyKiBZwr_g?view_as=subscriber
Github: https://github.com/Arthur267
Medium: https://medium.com/@thegeomadao
Linkedin: https://www.linkedin.com/in/geoma-dao-b0a612189/

Author
Bitcointalk username: Sakabato
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2665558
ETH: 0x66D54Da8D3bE790B3e0165D80c5ec434df2dB1Bc